Miami, FL — income, home value, property tax, and sales tax.
In ZIP 33165, on Miami's western side, homes carry a median value of $519,700 while the county-level effective property tax rate sits at 0.81%, translating into a yearly bill in the vicinity of $4,200 before any exemptions. Households here earn a median of $85,200, so that levy absorbs roughly five percent of annual income — a meaningful slice, though per-capita income of $39,146 hints at wide variation beneath the median. Combined with a 7.00% sales tax on purchases, the overall cost of living places steady pressure on owners, making equity gains and income growth central to how comfortably housing costs are carried.
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