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South Miami, Miami-dade County, Florida Property Taxes

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Property Taxes in South Miami, Florida

  • Median South Miami, Florida effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, and lower than the Florida state median of 1.10%.

  • Median South Miami, Florida home value: $808,314

  • Median annual South Miami, Florida tax bill: $6,371, higher than the national median property tax bill of $2,400.

How are property taxes in Miami-Dade calculated?

Property taxes in South Miami, Florida 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 South Miami's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Miami, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$8,568

$7,951

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the South Miami Property Tax Calculator Work?

Use this South Miami property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies South Miami's median effective tax rate of 1.06% — based on actual property records in Miami-Dade County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies South Miami's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within South Miami: rates range from $2,821.00 in 33155 to $6,371.00 in 33143, primarily due to differences in school district levies and local assessment districts.

South Miami's median property tax bill is higher than the Florida median and higher than the national median property tax bill of $2,400. If your estimate is higher than expected, Ownwell can appeal your South Miami assessment — you only pay if we save you money.

About South Miami Property Taxes

About Property Taxes in South Miami, Miami-Dade, Florida

South Miami's median effective property tax rate of 1.06% is lower than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Miami-Dade County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.

Property tax rates are not uniform across South Miami. Homeowners in the 33143 ZIP code carry a median effective rate of 1.06%, while those in 33155 pay 0.78%. This spread — 0.28 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Miami-Dade County. Understanding which part of South Miami you live in can make a meaningful difference to your annual tax bill.

South Miami homeowners who believe their assessed value is too high can file a formal appeal with the local Property Appraiser before the September 16, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

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

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare South Miami's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

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

Source: Ownwell

0.75%

1.45%

2.16%

Our median effective property tax rate (tax bill ÷ 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 South Miami Tax Rate

1.06%

Our median effective property tax rate (tax bill ÷ 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 South Miami, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
331430.31%0.55%1.06%1.55%1.72%
331550.30%0.42%0.78%1.53%1.68%

Source: Ownwell

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

When examining property taxes in South Miami, Florida, 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 appraisal district 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 August.

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. The median home price in South Miami is $808,314, with tax bills ranging significantly across the county. Zip code 33143 has the highest median home price at $809,863.

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

Source: Ownwell

$162,312

$29,023,649

$57,884,986

Median South Miami Market Value

$808,314

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 South Miami, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33143$249,475$460,911$809,863$1,043,445$1,555,225
33155$362,817$362,817$362,817$362,817$362,817

Source: Ownwell

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

Property tax bills in South Miami are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value, and the final bill can vary depending on exemptions and other local factors. With a median home price of $808,314, many homeowners face substantial annual taxes, especially when assessed values rise.

In Miami-Dade County, the tax burden can differ widely by neighborhood, with median tax bills ranging from $2,821 in 33155 to $6,371 in 33143. That spread shows how location and assessment details can affect what homeowners owe. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, South Miami homeowners often pay more.

Ownwell helps homeowners lower their property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals when a property is overassessed.

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

Source: Ownwell

$2,098

$248,335

$494,572

Median South Miami Tax Bill

$6,371

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 South Miami, Miami-dade County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33143$2,254$3,837$6,371$10,430$15,560
33155$1,097$1,530$2,821$5,540$6,080

Source: Ownwell

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Frequently Asked Property Tax Questions in South Miami, Florida

How are property taxes calculated in South Miami, Florida?
Property taxes in South Miami, 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 South Miami, Florida?
To appeal your property taxes in South Miami, 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 South Miami, Florida?
Common property tax exemptions in South Miami, 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 South Miami, Florida?
Property tax deadlines in South Miami, 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 South Miami, Florida?
Ownwell provides professional property tax appeal services in South Miami, 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.