How much are property taxes in Miami-Dade County?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Miami-Dade property taxes run roughly 1% to 1.1% of assessed value annually, so a $400,000 home costs about $4,000 to $4,400 a year, escrowed into your payment.
The Homestead Exemption reduces taxable value by up to $50,000 on your primary home and caps annual increases at 3% under Save Our Homes. We factor your homesteaded estimate into the payment.
Miami-Dade tax basics
Miami-Dade property taxes run roughly 1% to 1.3% of assessed value. A $450,000 home often lands near $5,000 to $6,000 a year. Your city and special districts fine-tune the bill.
Florida caps annual increases on homesteaded homes. That shields owners from steep jumps after buying.
Planning for Miami-Dade taxes
Taxes flow through your escrow each month. We build a real figure into your budget from the start. No shock at closing.
File your homestead exemption after moving in. It lowers taxable value and caps future rises. We remind every Miami-Dade buyer.