Calculate using real Miami data. Median home price: $450,000. Property tax rate: 0.97%.
The effective property tax rate in Miami, FL is 0.97%. On the median home value of $450,000, that equals approximately $4,365 per year.
At the 0.97% effective rate, a $450,000 home in Miami, FL would pay about $4,365 annually, or $364 per month.
The 0.97% rate in Miami, FL is near the national average of roughly 1.1%.