Property Tax & Income in Miami-Dade County, Florida
Miami-Dade County has an effective property tax rate of 0.81%. On the median home value of $463,000, that's roughly $3,744 per year. Median household income is $71,753.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Miami-Dade County | Florida (state context) |
|---|---|---|
| Effective property tax rate1 | 0.81% | 0.72% |
| Median home value1 | $463,000 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 6.98% combined | 6.98% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Miami-Dade County, FL
In Miami-Dade County, the median annual property tax bill of $3,744 lands against a median household income of $71,753, meaning property taxes absorb about 5.2 cents of every household dollar. Per-capita income sits at $39,469, so the tax load weighs more heavily on individual earners than the household figure alone might imply. The county's effective rate of 0.809% runs above Florida's statewide median of 0.720% and edges past the national median of 0.794%, placing it 12th among the state's 67 counties. With a median home value of $463,000, owners in Miami, Hialeah, Homestead and elsewhere across the county face bills shaped by both higher-than-average rates and elevated property values. Incomes here have to stretch further to cover that combination than they would in most Florida counties.