What are Property Taxes?

The Property Tax is a wealth tax on land and real estate. Since the state of Florida, its districts and communes do not collect income taxes, they are required to obtain income in another way. Taxes are collected primarily by cities.

Depending on the connection of the land, in Miami-Dade County estate taxes between 1.75% and 2.00% may result annually. Thousands more taxes can be collected for a limited time by individual tax authorities for special investments (Special Assessments); The assessed value of the property, which is established by the County of City Tax Appraiser, is used as the basis for calculating taxes .

The estate tax is collected once a year, regardless of the owner’s residency status.