Buying a home in Miami Dade County, FL means understanding local county assessments. This calculator is tuned for Miami Dade County, FL to give you a highly accurate estimate of your monthly Principal, Interest, Taxes, and Insurance (PITI).
Property tax rates here are determined by the Miami Dade County Assessor's Office. We use local averages, but your exact tax bill will depend on the home's assessed value.
Experiment with different down payments to see how it affects your private mortgage insurance (PMI) and overall payment.
Better Mortgage6.69%
loanDepot6.82%
Chase Home Lending6.78%
Sample rates for illustration. MyMortgageOwl may receive compensation for referrals.
Median price and tax rate are estimates. Actual values vary by neighborhood, property type, and year. Always verify current tax assessments with the Miami-Dade County, FL Assessor's office.
Buying a Home in Miami-Dade County, FL
Miami-Dade has experienced rapid price appreciation driven by domestic migration and international buyers. Florida has no state income tax but does have a documentary stamp tax on mortgages.
Cost Breakdown for Miami-Dade County, FL Buyers
Median home price: $620,000 (varies widely by neighborhood)
Property tax: ~1.80% of assessed value per year — $930/month on a $620,000 home
To comfortably qualify for a mortgage on a median-priced Miami-Dade County, FL home with 20% down at 7%, you'd need a gross household income of approximately $192,353/year — assuming minimal other debts. Use the DTI calculator to model your specific situation.
Use the main mortgage calculator to enter the exact purchase price, your down payment, and the specific FL tax rate for the property you're considering.
Property tax rates in Miami-Dade County, FL average approximately 1.80% of assessed value per year, though rates vary by municipality and property type within the county. For precise figures, check the Miami-Dade County, FL Assessor or Tax Collector website. Note that assessed value may differ from market value depending on local assessment practices.
Yes. In addition to state-level programs through the Florida housing finance agency, many counties and cities have their own down payment assistance programs. Check the Florida programs page for state-level options, and your city's housing department for local programs — these can often be stacked for maximum assistance.
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