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.