What this calculator does
The Miami property tax calculator applies the actual Miami method — not a national average — to estimate a yearly bill. Miami-Dade property tax is figured in mills (dollars per $1,000 of value), with a combined City of Miami rate near 20 mills in 2025. Homestead exempts $25,000 from all levies and an additional amount (about $26,411 in 2026) from non-school levies, and Save Our Homes limits yearly increases in assessed value to 3% or inflation, 2.7% for 2026.
How to use it
- Use the assessed value from your TRIM notice (August) or the Property Appraiser's website.
- Tick the exemptions you qualify for.
- Adjust the rate if your bill shows a different one — rates differ by neighborhood and change each year.
- Read the step-by-step table to see how the value becomes a bill.
The formula
Homestead removes up to $25,000 from school levies and about $51,411 from the other levies, and Save Our Homes limits how fast the assessed value can rise after that. Here that works out to an effective rate of 1.85% of the value you entered. Exemptions lower this bill by about $880 a year.
Worked example for Miami
| Step | Amount |
|---|---|
| Assessed value | $600,000 |
| Homestead exemption (school levies) | -$25,000 |
| Homestead exemption (other levies) | -$51,411 |
| School levies (5.6000 mills) | $3,220 |
| County, city and other levies (14.3878 mills) | $7,893 |
| Estimated annual property tax | $11,113 |
Estimated annual property tax: $11,113.
What affects property tax in Miami
Assessments, rates and exemptions each move the bill. In Miami, rates are set by the local governments that serve each address, so two homes of the same value in different neighborhoods — for example Brickell, Edgewater, Wynwood — can pay different amounts.
Common mistakes and tips
- Using the listing price when the tax is based on a different assessed value.
- Missing an exemption deadline — most exemptions require an application.
- Assuming the seller's bill will be yours; many places reassess after a sale.
- Not checking the assessment notice for errors in square footage or condition.
Frequently asked questions
How much is property tax in Miami?
With the default inputs on this page, about $11,113 a year. Exemptions lower this bill by about $880 a year.
How does Save Our Homes work?
After you get a homestead, the assessed value can rise only 3% a year or the change in CPI, whichever is lower (2.7% for 2026). See the Florida Homestead & Save Our Homes calculator.
Why do new Miami buyers pay more than neighbors?
A sale resets the assessed value to market value, so a long-time homesteaded neighbor may pay much less on a similar home.
Is this my exact bill?
No. It estimates the main pieces. Special assessments, penalties and local charges can change the final amount.
Sources
Disclaimer
This calculator provides estimates for educational purposes only and is not financial, tax, legal, real estate, or insurance advice. Consult a licensed professional before making decisions.