Taxes in Miami, FL
Updated 2026 • Property, income & sales tax data
📊 Total Annual Tax Burden in Miami, FL
The combined effect of property, income, and sales taxes determines your total tax burden. Based on Miami's median household income of $54,858 and a local median home price of $761,810.
🏠 Property Tax in Miami, FL
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services.
Note: The effective rate represents the percentage of a property's value paid in taxes annually. The US average property tax rate is approximately 1.1%. The estimate above uses the local median home price of $761,810 for Miami, not the national median of $419,200.
💼 State Income Tax in FL
Income tax rates and brackets vary by state, impacting residents' overall tax burden. FL has no state income tax, which is a significant financial advantage for residents.
Note: Tax estimates are approximations based on standard deductions and may not account for all applicable credits, deductions, or individual circumstances. For personalized tax advice, please consult a qualified tax professional.
🛒 Sales Tax in Miami, FL
Sales tax is applied to most retail purchases and is collected by merchants at the point of sale. The rate can vary based on location and type of purchase.
Impact on Common Household Expenses
| Category | Annual Spending | Est. Sales Tax |
|---|---|---|
| Groceries | $7,000 | $560 |
| Retail | $5,000 | $400 |
| Dining | $3,500 | $280 |
| Total Annual | $15,500 | $1,240 |
💡 Did you know? Not all states tax groceries, and some have tax holidays for specific items like back-to-school supplies or emergency preparedness equipment. Check with local authorities for exemptions that might apply to you.
Understanding Your Tax Burden in Miami, FL
Understanding taxes in Miami, FL is essential for budgeting. The area has moderate property taxes at 0.83%. Income tax varies. Sales tax is 6.00%. This page breaks down property, income, and sales taxes with calculators and examples.
Tax Pros & Cons of Miami, FL
Pros
- •Culinary diversity and cuisine
- •Beautiful beaches and parks
- •Family-friendly attractions available
- •Active outdoor lifestyle options
- •Multilingual population fosters inclusivity
- •Warm weather year-round
- •Vibrant nightlife and entertainment
- •Strong job market in tourism
- •Diverse cultural experiences
- •Rich arts and music scene
Cons
- •Limited public transportation options
- •Humidity can be uncomfortable
- •Racism and social issues persist
- •Cost of living is quite high
- •High crime rates in some areas
- •Hurricanes and tropical storms risk
- •Overcrowded tourist areas
- •Traffic congestion can be severe
- •Seasonal influx of tourists affects locals
- •Public schooling quality varies widely
Frequently Asked Questions
What is the cost of living in Miami, FL? ▼
The cost of living in Miami, FL is 0% equal to the national average, with a cost of living index of 100 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
Is Miami, FL a safe place to live? ▼
Miami, FL is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Miami crime statistics →
What are the best neighborhoods in Miami, FL? ▼
The best neighborhoods in Miami, FL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods vary in price depending on proximity to amenities and schools.
How are the taxes in Miami, FL? ▼
Tax rates in Miami, FL include state and local components. The cost of living index of 100 reflects a moderate cost environment compared to the national average. View detailed Miami tax information →
How does Miami, FL compare to nearby cities? ▼
Miami, FL offers comparable costs to nearby communities. With a cost of living index of 100, median home prices of $0, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Miami, FL? ▼
Weather in Miami, FL varies by season. Climate data varies by season. View detailed Miami climate & environment data →
Explore More About Miami, FL
📅 Last Updated: February 2026
Sources: Tax Foundation, State Revenue Departments, U.S. Census Bureau ACS