Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33125, part of Miami, homes carry a median value of $423,100 while the county-level effective property tax rate sits at 0.81%. That rate translates into a yearly bill of roughly $3,400 on such a home, a steep sum against a median household income of $44,979 and per-capita income of $31,784. Owners here devote a substantial share of earnings to housing costs, and the 7.00% combined sales tax adds further pressure on daily spending. High property values paired with lower local incomes create a tight squeeze for anyone buying or holding a home in this area.
These numbers change over time. Get an update when they do — plus our recommendations.
No spam. Unsubscribe any time.