The median sales price of a Miami-Dade County home in the second quarter of 2022 was $422,500, based on data from the 14,183 properties sold during that time. In 2019 the median tax bill for the county was $3,200, which is 0.8% of the median value of the homes that were taxed.
This is 0.7 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Miami-Dade County real estate data showed homeowners in Bal Harbour and Miami Beach paid the highest rates.
The following table compares Bal Harbour with some other cities belonging to Miami-Dade County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.
| City | Q2 2022 Sales | Q2 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Bal Harbour | 77 | $925,000 | $12,185 | 1.3% |
| Miami Beach | 1,427 | $465,000 | $5,994 | 1.3% |
| North Bay Village | 140 | $372,500 | $4,485 | 1.2% |
| Hialeah (unincorporated) | 184 | $225,000 | $2,677 | 1.2% |
| Doral | 293 | $400,000 | $4,442 | 1.1% |
| Sunny Isles Beach | 393 | $450,000 | $5,134 | 1.1% |
| Aventura | 709 | $430,000 | $4,605 | 1.1% |
| Miami Springs | 61 | $585,000 | $5,771 | 1% |
| North Miami Beach (unincorporated) | 5 | $250,000 | $2,386 | 1% |
| Kendall | 407 | $365,000 | $3,732 | 1% |
| West Miami | 21 | $530,000 | $4,732 | 0.9% |
| Miami Gardens | 420 | $329,950 | $2,889 | 0.9% |
| Biscayne Park | 32 | $760,000 | $6,560 | 0.9% |
| Homestead | 415 | $315,000 | $2,784 | 0.9% |
| Sweetwater | 37 | $360,000 | $3,109 | 0.9% |
| Miami | 2,880 | $499,000 | $4,679 | 0.9% |
| Miami Lakes | 115 | $525,000 | $4,470 | 0.9% |
| Hialeah Gardens | 42 | $292,500 | $2,707 | 0.9% |
| Key Biscayne | 121 | $1,450,000 | $12,494 | 0.9% |
| Surfside | 66 | $887,550 | $8,133 | 0.9% |
| North Miami | 288 | $305,700 | $2,688 | 0.9% |
| Opa-Locka | 46 | $292,500 | $2,413 | 0.8% |
| Florida City | 42 | $250,000 | $2,084 | 0.8% |
| El Portal | 20 | $652,500 | $5,236 | 0.8% |
| Hialeah | 639 | $325,000 | $2,684 | 0.8% |
| Miami Shores | 82 | $875,000 | $7,321 | 0.8% |
| Virginia Gardens | 12 | $482,500 | $3,689 | 0.8% |
| Cutler Bay | 223 | $424,000 | $3,296 | 0.8% |
| Coral Gables | 369 | $1,100,000 | $9,270 | 0.8% |
| Florida City (unincorporated) | 11 | $184,900 | $1,515 | 0.8% |
| Miami (unincorporated) | 2,431 | $367,000 | $2,951 | 0.8% |
| Country Walk | 64 | $521,000 | $4,028 | 0.8% |
| North Miami Beach | 194 | $288,000 | $1,923 | 0.7% |
| Bay Harbor Islands | 83 | $600,000 | $4,138 | 0.7% |
| Palmetto Bay | 185 | $800,000 | $5,590 | 0.7% |
| Pinecrest | 152 | $1,325,000 | $8,844 | 0.7% |
| South Miami | 54 | $824,500 | $5,779 | 0.7% |
| Opa-Locka (unincorporated) | 63 | $380,000 | $2,580 | 0.7% |
| Golden Beach | 10 | $8,575,000 | $49,771 | 0.6% |
| Medley | 1 | $585,000 | $3,562 | 0.6% |
| Homestead (unincorporated) | 262 | $405,000 | $2,444 | 0.6% |
| Brownsville | 61 | $285,000 | $1,618 | 0.6% |
| Palmetto Estates | 60 | $410,000 | $2,466 | 0.6% |
| West Perrine | 47 | $375,000 | $2,222 | 0.6% |
| Richmond Heights | 39 | $364,900 | $2,267 | 0.6% |
| South Miami (unincorporated) | 99 | $900,000 | $4,912 | 0.5% |
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