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Miami Shores, Miami-dade County, Florida Property Taxes

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Property Taxes in Miami Shores, Florida

  • Median MIAMI SHORES, FL effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median MIAMI SHORES, FL home value: $768,040

  • Median annual MIAMI SHORES, FL tax bill: $8,736, $6,336 higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

Property taxes in MIAMI SHORES, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding MIAMI SHORES’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MIAMI SHORES, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Miami Shores, Miami-dade County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$10,375

$9,628

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s MIAMI SHORES Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MIAMI SHORES with just two data points. By entering your property's estimated assessed value, our calculator applies MIAMI SHORES’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Miami-Dade. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Miami Shores, Miami-dade County, Florida

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Miami Shores, located in Miami-Dade County, the effective property tax rate is slightly above the national median of 1.02%, reflecting the area's demand for public services and infrastructure. Within Miami-Dade County, tax rates can differ significantly, with the highest median rate reaching 1.32% in zip code 33168 and the lowest at 1.23% in zip code 33138. Comparing Miami Shores to other cities in Florida, the property tax rates here are generally higher than the state median of 1.24%, but they still offer a competitive rate compared to other regions in the U.S.

Understanding these rates can help property owners make more informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Miami Shores, Miami-dade County, Florida

Source: Ownwell

0.75%

1.45%

2.16%

Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Miami Shores Tax Rate

1.13%

Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Miami-dade County Tax Rate

1.38%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Miami Shores, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331380.45%0.67%1.14%1.85%2.27%
331500.38%0.58%1.10%1.78%2.17%
331680.39%0.48%1.10%1.73%2.02%

Source: Ownwell

Property Tax Assessment Values Across Miami Shores, Miami-dade County, Florida

When examining property taxes in Miami Shores, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Miami-Dade County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Miami-Dade County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Miami Shores.

For example, the median home price in Miami Shores is $768,040, with tax bills ranging significantly across the county. Zip code 33138 has the highest median home price at $908,801.

Property Tax Assessment Values Across Miami Shores, Miami-dade County, Florida

Source: Ownwell

$162,312

$29,023,649

$57,884,986

Median Miami Shores Market Value

$918,159

Median Miami-dade County Market Value

$420,480

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Miami Shores, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33138$248,914$772,220$1,083,604$1,402,129$1,840,128
33150$592,655$650,802$714,678$816,379$974,877
33168$591,162$626,106$692,182$743,692$822,382

Source: Ownwell

Property Tax Bills Across Miami Shores, Miami-dade County, Florida

In Miami Shores, Miami-Dade County, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $768,040, which significantly influences the tax bill. Homeowners in Miami Shores face tax bills that vary widely, with the 25th percentile at $4,769 and the 75th percentile reaching $14,457. In some areas, such as zip code 33138, the median tax bill can be as high as $9,435, while in zip code 33168, it can be as low as $6,242. These figures contrast with the national median property tax bill of $2,400, highlighting the potential financial burden on homeowners in Miami Shores. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, providing financial relief and peace of mind for property owners in Miami Shores.

Property Tax Bills Across Miami Shores, Miami-dade County, Florida

Source: Ownwell

$2,098

$248,335

$494,572

Median Miami Shores Tax Bill

$9,312

Median Miami-dade County Tax Bill

$4,977

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Miami Shores, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33138$3,409$5,599$10,054$17,947$26,993
33150$2,616$4,103$7,519$12,420$16,297
33168$2,519$3,323$7,034$12,176$14,856

Source: Ownwell

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Frequently Asked Property Tax Questions in Miami Shores, Florida

How are property taxes calculated in Miami Shores, Florida?
Property taxes in Miami Shores, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Miami Shores, Florida?
To appeal your property taxes in Miami Shores, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Miami Shores, Florida?
Common property tax exemptions in Miami Shores, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Miami Shores, Florida?
Property tax deadlines in Miami Shores, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Miami Shores, Florida?
Ownwell provides professional property tax appeal services in Miami Shores, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.