The median sales price of a Miami-Dade County home in the third quarter of 2022 was $420,000, based on data from the 9,292 properties sold during that time. In 2019 the median tax bill for the county was $3,200, which is 0.8% of the median value of the homes that were taxed.
This is 1.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Miami-Dade County real estate data showed homeowners in Miami Beach, North Bay Village, and South Miami (unincorporated) paid the highest rates.
The following table compares Miami Beach with some other cities belonging to Miami-Dade County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.
| City | Q3 2022 Sales | Q3 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Miami Beach | 808 | $420,000 | $5,994 | 1.4% |
| North Bay Village | 78 | $362,500 | $4,485 | 1.2% |
| South Miami (unincorporated) | 59 | $405,000 | $4,912 | 1.2% |
| Bal Harbour | 27 | $1,100,000 | $12,185 | 1.1% |
| Sunny Isles Beach | 196 | $450,000 | $5,134 | 1.1% |
| Key Biscayne | 83 | $1,150,000 | $12,494 | 1.1% |
| Hialeah (unincorporated) | 148 | $240,000 | $2,677 | 1.1% |
| Miami | 1,664 | $488,000 | $4,679 | 1% |
| Miami Springs | 35 | $585,000 | $5,771 | 1% |
| Doral | 214 | $437,850 | $4,442 | 1% |
| Coral Gables | 222 | $917,500 | $9,270 | 1% |
| Aventura | 419 | $445,000 | $4,605 | 1% |
| North Miami Beach (unincorporated) | 3 | $230,000 | $2,386 | 1% |
| West Miami | 15 | $500,000 | $4,732 | 0.9% |
| Hialeah | 515 | $311,000 | $2,684 | 0.9% |
| Miami Shores | 55 | $845,000 | $7,321 | 0.9% |
| Surfside | 47 | $925,000 | $8,133 | 0.9% |
| North Miami | 216 | $302,500 | $2,688 | 0.9% |
| Kendall | 286 | $405,050 | $3,732 | 0.9% |
| Opa-Locka | 28 | $315,000 | $2,413 | 0.8% |
| El Portal | 9 | $695,000 | $5,236 | 0.8% |
| Miami Gardens | 296 | $360,000 | $2,889 | 0.8% |
| Homestead | 281 | $330,000 | $2,784 | 0.8% |
| Sweetwater | 26 | $402,500 | $3,109 | 0.8% |
| Pinecrest | 104 | $1,099,500 | $8,844 | 0.8% |
| Miami Lakes | 86 | $580,000 | $4,470 | 0.8% |
| Hialeah Gardens | 33 | $330,000 | $2,707 | 0.8% |
| Florida City (unincorporated) | 16 | $185,000 | $1,515 | 0.8% |
| Miami (unincorporated) | 1,691 | $380,000 | $2,951 | 0.8% |
| Country Walk | 46 | $520,000 | $4,028 | 0.8% |
| Florida City | 28 | $282,500 | $2,084 | 0.7% |
| Golden Beach | 3 | $7,418,000 | $49,771 | 0.7% |
| Biscayne Park | 21 | $875,000 | $6,560 | 0.7% |
| Palmetto Bay | 116 | $840,000 | $5,590 | 0.7% |
| Virginia Gardens | 8 | $520,000 | $3,689 | 0.7% |
| Cutler Bay | 174 | $487,450 | $3,296 | 0.7% |
| South Miami | 47 | $800,000 | $5,779 | 0.7% |
| North Miami Beach | 163 | $299,000 | $1,923 | 0.6% |
| Opa-Locka (unincorporated) | 33 | $420,000 | $2,580 | 0.6% |
| West Perrine | 34 | $347,500 | $2,222 | 0.6% |
| Richmond Heights | 34 | $404,000 | $2,267 | 0.6% |
| Homestead (unincorporated) | 223 | $445,000 | $2,444 | 0.5% |
| Palmetto Estates | 33 | $465,000 | $2,466 | 0.5% |
| Medley | 2 | $882,500 | $3,562 | 0.4% |
| Bay Harbor Islands | 62 | $1,066,700 | $4,138 | 0.4% |
| Brownsville | 35 | $360,000 | $1,618 | 0.4% |
Alerts Sign-up