Real Estate Taxe Calculator City of Miami

Calculate your Miami real estate taxes with this official City of Miami tax calculator. Get accurate property tax estimates for homes and commercial properties in Miami-Dade County.

How to Use This Calculator

This calculator helps you estimate your Miami real estate taxes based on the current tax rates and assessment values. Follow these steps:

Enter your property's assessed value in dollars
Select the property type (residential or commercial)
Choose the tax year (current or previous)
Click "Calculate" to see your estimated tax

The calculator uses the official Miami-Dade County tax rates and provides a breakdown of your estimated tax payment.

How Miami Real Estate Taxes Work

Miami-Dade County assesses property values annually and charges taxes based on those assessments. The tax rate varies by property type and location within the county.

Tax Calculation Formula

Annual Property Tax = (Assessed Value × Tax Rate) / 100

The assessed value is determined by the county's appraisal district and may differ from the property's market value. Taxes are typically paid in two installments: January and July.

Current Miami Tax Rates

As of 2023, Miami-Dade County has these tax rates:

Property Type	Tax Rate	Notes
Residential	1.25%	Includes homestead exemption for primary residences
Commercial	1.50%	Varies by business type and location
Vacant Land	1.35%	Special assessment rules apply

Important Note

These rates are approximate and may change annually. Always verify with the official Miami-Dade County Property Appraiser's Office for exact rates and exemptions.

Calculation Examples

Residential Property Example

For a $300,000 residential property with a 1.25% tax rate:

Calculation

$300,000 × 1.25% = $3,750 annual tax

This would result in two payments of $1,875 each (January and July).

Commercial Property Example

For a $500,000 commercial property with a 1.50% tax rate:

Calculation

$500,000 × 1.50% = $7,500 annual tax

Commercial properties typically pay the full amount in July.

Frequently Asked Questions

How often are Miami property taxes assessed?: Property taxes in Miami are assessed annually based on the property's value as of January 1st of each year.
What is the homestead exemption in Miami?: The homestead exemption reduces the taxable value of primary residences by $25,000 for single-family homes and $50,000 for condominiums.
Can I pay my Miami property taxes in installments?: Yes, residential properties are typically billed in two installments (January and July), while commercial properties usually pay the full amount in July.
Where can I find my property's assessed value?: You can find your property's assessed value through the Miami-Dade County Property Appraiser's website or by checking your property tax bill.
Are there any additional fees besides property taxes?: Yes, there may be additional fees such as special assessments for improvements or utilities, which should be included in your total tax bill.