33125 Property Tax Rate

Property owners in ZIP code 33125 (Miami, Florida) pay a median of $2,790/year in property taxes on homes valued at $377,600. This translates to an effective tax rate of 0.74%, which is 3% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33125 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Miami-Dade County.

Compared to similar ZIP codes in Florida, 33125 has higher property taxes. ZIP codes with similar effective rates include 32825 (0.74%) and 33434 (0.74%).

In Miami, property taxes represent approximately 6.8% of the median household income of $40,940, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your homestead property's assessed value is capped at 3% annually, but resets to market value upon sale—your initial tax bill will reflect the new purchase price. Miami-Dade County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; file your application with the Miami-Dade County Property Appraiser before or immediately after closing. Submit your exemption online at miamidade.gov/propertytax or visit the Main Office at 111 N.W. 1st Street to confirm your homestead status.