Miami, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Miami, Florida
The city of Miami has 411,939 properties with a cumulative value of $128.0B, representing 45.36% of all real estate value in Miami-Dade County. Property taxes in Miami totaled $1.9B across these properties, with an average homeowner paying $4,637 in property taxes compared to the county average of $5,519. The average property tax rate in Miami is 1.49% while the county average is 1.53%. Property values are determined by the local government for tax purposes based on the market value of the property.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Miami-Dade Tax Collector | (305) 270-4916 |
| Miami-Dade Clerk / Recorder | (305) 275-1155 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Miami, Florida
Residential Property Tax by ZIP code in Miami, Florida
Property taxes in Miami are relatively low compared to the rest of Miami-Dade County. The average property tax rate in Miami is 1.49%, while the average rate in Miami-Dade County is 1.53%. This difference is small, but it can still add up over time.
Property tax rates also vary significantly across different ZIP codes in Miami. The ZIP code with the highest effective property tax rate is 33166, with a rate of 2.51%, while the ZIP code with the lowest effective property tax rate is 33157, with a rate of 1.19%. This variation is largely due to differences in home values across different ZIP codes. For example, 33166 has a higher effective property tax rate because it has higher home values than 33157.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Miami, Florida. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33125 | $107,800 | $155,579 | $256,308 | $314,387 | $377,243 |
| 33126 | $114,532 | $136,600 | $169,050 | $255,748 | $321,930 |
| 33127 | $157,691 | $184,386 | $226,536 | $283,005 | $347,628 |
| 33128 | $91,066 | $109,064 | $145,841 | $175,432 | $282,968 |
| 33129 | $190,714 | $237,270 | $349,437 | $502,960 | $751,621 |
| 33130 | $128,166 | $189,632 | $256,677 | $343,316 | $507,634 |
| 33131 | $178,500 | $217,073 | $292,552 | $448,892 | $700,800 |
| 33132 | $158,041 | $200,592 | $292,315 | $400,974 | $633,600 |
| 33133 | $190,000 | $311,538 | $479,778 | $821,892 | $1,451,446 |
| 33134 | $280,486 | $315,866 | $385,154 | $479,237 | $622,244 |
| 33135 | $108,000 | $132,930 | $286,813 | $362,538 | $424,119 |
| 33136 | $33,120 | $108,612 | $161,013 | $202,727 | $415,124 |
| 33137 | $180,829 | $225,000 | $321,300 | $486,938 | $781,953 |
| 33138 | $128,000 | $172,845 | $254,882 | $430,606 | $615,765 |
| 33142 | $123,108 | $160,040 | $193,971 | $236,116 | $284,864 |
| 33143 | $126,597 | $146,943 | $320,094 | $735,227 | $1,178,753 |
| 33144 | $186,000 | $255,267 | $297,903 | $343,838 | $408,795 |
| 33145 | $175,048 | $270,450 | $354,307 | $414,469 | $483,554 |
| 33146 | $384,014 | $514,506 | $678,308 | $902,212 | $1,298,200 |
| 33147 | $127,500 | $156,478 | $183,575 | $215,037 | $254,384 |
| 33150 | $115,621 | $145,984 | $180,044 | $217,363 | $257,942 |
| 33155 | $209,768 | $287,829 | $335,344 | $400,476 | $500,658 |
| 33156 | $128,339 | $164,800 | $249,400 | $487,215 | $667,017 |
| 33157 | $129,848 | $205,262 | $243,115 | $276,122 | $309,739 |
| 33161 | $91,800 | $160,864 | $244,524 | $312,820 | $388,649 |
| 33162 | $52,250 | $85,000 | $221,874 | $284,386 | $355,313 |
| 33165 | $228,175 | $275,863 | $314,251 | $358,477 | $427,096 |
| 33166 | $269,000 | $280,000 | $363,000 | $527,082 | $584,000 |
| 33167 | $153,799 | $173,429 | $200,620 | $239,520 | $290,660 |
| 33168 | $163,694 | $185,104 | $210,699 | $247,634 | $294,075 |
| 33169 | $83,712 | $169,317 | $203,852 | $233,958 | $284,148 |
| 33170 | $156,266 | $187,496 | $250,841 | $318,518 | $426,625 |
| 33172 | $122,650 | $140,400 | $163,070 | $192,500 | $221,490 |
| 33173 | $151,600 | $219,500 | $288,578 | $355,453 | $459,372 |
| 33174 | $126,126 | $161,700 | $232,006 | $303,924 | $353,220 |
| 33175 | $148,500 | $220,500 | $297,053 | $366,739 | $465,225 |
| 33176 | $132,820 | $159,686 | $280,522 | $470,569 | $644,929 |
| 33177 | $197,374 | $217,217 | $254,088 | $301,780 | $357,945 |
| 33178 | $263,000 | $265,000 | $280,000 | $340,000 | $451,141 |
| 33179 | $67,500 | $86,800 | $128,500 | $237,000 | $366,905 |
| 33180 | $160,310 | $200,000 | $273,654 | $417,209 | $642,042 |
| 33181 | $108,000 | $139,550 | $178,800 | $240,300 | $330,246 |
| 33182 | $197,508 | $242,141 | $285,732 | $351,918 | $456,829 |
| 33183 | $137,000 | $158,000 | $213,650 | $314,704 | $370,771 |
| 33184 | $145,800 | $215,900 | $266,925 | $345,404 | $431,304 |
| 33185 | $242,051 | $275,500 | $324,442 | $387,968 | $441,548 |
| 33186 | $161,700 | $215,781 | $260,500 | $328,866 | $380,074 |
| 33187 | $136,680 | $273,334 | $325,117 | $376,618 | $452,561 |
| 33189 | $194,829 | $207,141 | $228,632 | $252,144 | $271,569 |
| 33193 | $131,250 | $145,000 | $244,000 | $310,160 | $371,258 |
| 33194 | $271,000 | $276,500 | $298,000 | $400,565 | $458,411 |
| 33196 | $144,200 | $230,000 | $286,626 | $344,747 | $390,843 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Miami, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33125 | $1,045 | $1,913 | $3,313 | $5,539 | $7,265 |
| 33126 | $574 | $1,557 | $2,524 | $3,522 | $5,933 |
| 33127 | $728 | $1,239 | $3,403 | $4,962 | $6,630 |
| 33128 | $981 | $1,796 | $2,857 | $3,423 | $5,078 |
| 33129 | $2,867 | $4,204 | $5,870 | $9,130 | $13,520 |
| 33130 | $2,024 | $3,750 | $5,344 | $7,243 | $10,837 |
| 33131 | $3,563 | $4,525 | $6,090 | $9,393 | $14,614 |
| 33132 | $3,139 | $4,142 | $5,941 | $8,370 | $13,945 |
| 33133 | $2,624 | $4,618 | $8,173 | $14,034 | $25,223 |
| 33134 | $2,437 | $4,049 | $6,211 | $8,281 | $10,611 |
| 33135 | $1,006 | $2,013 | $3,486 | $6,526 | $8,307 |
| 33136 | $0 | $655 | $2,150 | $3,699 | $5,109 |
| 33137 | $2,914 | $4,292 | $6,280 | $9,505 | $15,474 |
| 33138 | $1,266 | $2,272 | $3,712 | $6,660 | $10,995 |
| 33142 | $766 | $1,272 | $2,754 | $3,892 | $5,138 |
| 33143 | $1,549 | $2,283 | $4,009 | $9,308 | $16,901 |
| 33144 | $1,526 | $2,383 | $3,763 | $5,839 | $7,264 |
| 33145 | $1,856 | $2,907 | $4,718 | $7,336 | $9,167 |
| 33146 | $4,016 | $6,564 | $9,529 | $13,568 | $20,402 |
| 33147 | $912 | $1,123 | $2,380 | $3,407 | $4,342 |
| 33150 | $874 | $1,296 | $2,632 | $3,817 | $4,817 |
| 33155 | $1,724 | $2,508 | $3,882 | $5,996 | $7,633 |
| 33156 | $1,917 | $2,457 | $3,938 | $5,799 | $9,754 |
| 33157 | $1,106 | $1,513 | $2,287 | $4,028 | $5,061 |
| 33161 | $1,059 | $1,616 | $2,793 | $4,816 | $6,439 |
| 33162 | $701 | $1,153 | $1,791 | $3,723 | $5,406 |
| 33165 | $1,730 | $2,519 | $3,632 | $5,436 | $6,678 |
| 33166 | $7,437 | $7,732 | $9,713 | $12,973 | $14,513 |
| 33167 | $978 | $1,176 | $2,327 | $3,575 | $4,611 |
| 33168 | $1,045 | $1,286 | $2,491 | $3,703 | $4,821 |
| 33169 | $1,271 | $1,739 | $2,677 | $4,873 | $6,224 |
| 33170 | $1,278 | $2,443 | $3,755 | $5,287 | $6,841 |
| 33172 | $536 | $982 | $2,193 | $2,824 | $3,609 |
| 33173 | $1,591 | $2,388 | $3,345 | $4,936 | $6,625 |
| 33174 | $873 | $1,866 | $2,687 | $4,489 | $6,102 |
| 33175 | $1,442 | $2,244 | $3,407 | $5,079 | $6,866 |
| 33176 | $1,175 | $2,150 | $3,617 | $5,926 | $9,079 |
| 33177 | $1,287 | $1,972 | $3,139 | $4,390 | $5,654 |
| 33178 | $4,476 | $5,508 | $6,269 | $6,871 | $9,335 |
| 33179 | $325 | $769 | $1,690 | $3,530 | $6,409 |
| 33180 | $1,833 | $3,139 | $4,378 | $6,613 | $10,566 |
| 33181 | $898 | $1,729 | $2,517 | $3,508 | $4,811 |
| 33182 | $1,943 | $2,904 | $3,826 | $5,230 | $7,074 |
| 33183 | $792 | $1,805 | $2,710 | $3,836 | $5,598 |
| 33184 | $1,218 | $2,024 | $3,157 | $4,811 | $6,589 |
| 33185 | $2,653 | $3,545 | $4,836 | $6,112 | $7,395 |
| 33186 | $1,680 | $2,407 | $3,408 | $4,827 | $6,156 |
| 33187 | $1,825 | $2,866 | $4,141 | $6,004 | $7,726 |
| 33189 | $1,074 | $1,355 | $2,780 | $4,149 | $4,818 |
| 33193 | $1,116 | $2,064 | $2,663 | $4,347 | $5,742 |
| 33194 | $2,964 | $4,131 | $5,383 | $6,473 | $7,962 |
| 33196 | $1,921 | $2,551 | $3,935 | $5,512 | $7,221 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33125 | 0.97% | 1.23% | 1.29% | 1.76% | 1.93% |
| 33126 | 0.50% | 1.14% | 1.49% | 1.38% | 1.84% |
| 33127 | 0.46% | 0.67% | 1.50% | 1.75% | 1.91% |
| 33128 | 1.08% | 1.65% | 1.96% | 1.95% | 1.79% |
| 33129 | 1.50% | 1.77% | 1.68% | 1.82% | 1.80% |
| 33130 | 1.58% | 1.98% | 2.08% | 2.11% | 2.13% |
| 33131 | 2.00% | 2.08% | 2.08% | 2.09% | 2.09% |
| 33132 | 1.99% | 2.06% | 2.03% | 2.09% | 2.20% |
| 33133 | 1.38% | 1.48% | 1.70% | 1.71% | 1.74% |
| 33134 | 0.87% | 1.28% | 1.61% | 1.73% | 1.71% |
| 33135 | 0.93% | 1.51% | 1.22% | 1.80% | 1.96% |
| 33136 | 0.00% | 0.60% | 1.34% | 1.82% | 1.23% |
| 33137 | 1.61% | 1.91% | 1.95% | 1.95% | 1.98% |
| 33138 | 0.99% | 1.31% | 1.46% | 1.55% | 1.79% |
| 33142 | 0.62% | 0.79% | 1.42% | 1.65% | 1.80% |
| 33143 | 1.22% | 1.55% | 1.25% | 1.27% | 1.43% |
| 33144 | 0.82% | 0.93% | 1.26% | 1.70% | 1.78% |
| 33145 | 1.06% | 1.07% | 1.33% | 1.77% | 1.90% |
| 33146 | 1.05% | 1.28% | 1.40% | 1.50% | 1.57% |
| 33147 | 0.72% | 0.72% | 1.30% | 1.58% | 1.71% |
| 33150 | 0.76% | 0.89% | 1.46% | 1.76% | 1.87% |
| 33155 | 0.82% | 0.87% | 1.16% | 1.50% | 1.52% |
| 33156 | 1.49% | 1.49% | 1.58% | 1.19% | 1.46% |
| 33157 | 0.85% | 0.74% | 0.94% | 1.46% | 1.63% |
| 33161 | 1.15% | 1.00% | 1.14% | 1.54% | 1.66% |
| 33162 | 1.34% | 1.36% | 0.81% | 1.31% | 1.52% |
| 33165 | 0.76% | 0.91% | 1.16% | 1.52% | 1.56% |
| 33166 | 2.76% | 2.76% | 2.68% | 2.46% | 2.49% |
| 33167 | 0.64% | 0.68% | 1.16% | 1.49% | 1.59% |
| 33168 | 0.64% | 0.69% | 1.18% | 1.50% | 1.64% |
| 33169 | 1.52% | 1.03% | 1.31% | 2.08% | 2.19% |
| 33170 | 0.82% | 1.30% | 1.50% | 1.66% | 1.60% |
| 33172 | 0.44% | 0.70% | 1.34% | 1.47% | 1.63% |
| 33173 | 1.05% | 1.09% | 1.16% | 1.39% | 1.44% |
| 33174 | 0.69% | 1.15% | 1.16% | 1.48% | 1.73% |
| 33175 | 0.97% | 1.02% | 1.15% | 1.38% | 1.48% |
| 33176 | 0.88% | 1.35% | 1.29% | 1.26% | 1.41% |
| 33177 | 0.65% | 0.91% | 1.24% | 1.45% | 1.58% |
| 33178 | 1.70% | 2.08% | 2.24% | 2.02% | 2.07% |
| 33179 | 0.48% | 0.89% | 1.32% | 1.49% | 1.75% |
| 33180 | 1.14% | 1.57% | 1.60% | 1.59% | 1.65% |
| 33181 | 0.83% | 1.24% | 1.41% | 1.46% | 1.46% |
| 33182 | 0.98% | 1.20% | 1.34% | 1.49% | 1.55% |
| 33183 | 0.58% | 1.14% | 1.27% | 1.22% | 1.51% |
| 33184 | 0.84% | 0.94% | 1.18% | 1.39% | 1.53% |
| 33185 | 1.10% | 1.29% | 1.49% | 1.58% | 1.67% |
| 33186 | 1.04% | 1.12% | 1.31% | 1.47% | 1.62% |
| 33187 | 1.34% | 1.05% | 1.27% | 1.59% | 1.71% |
| 33189 | 0.55% | 0.65% | 1.22% | 1.65% | 1.77% |
| 33193 | 0.85% | 1.42% | 1.09% | 1.40% | 1.55% |
| 33194 | 1.09% | 1.49% | 1.81% | 1.62% | 1.74% |
| 33196 | 1.33% | 1.11% | 1.37% | 1.60% | 1.85% |
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Real Estate Values in Miami, Florida
Average Home Value in Miami, Florida
Last updated: November 2023
Average home value over time in Miami, Florida
Last updated: November 2023
Total unique home listings in Miami, Florida
Last updated: November 2023
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Housing Expenses in Miami, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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