Miami-Dade County, FL — Property Tax Underwriting Guide
Florida · Annual market review
What this means for multifamily underwriting
Seller's capped value is often well below market. Underwrite to purchase price × millage, not the seller's bill.
Transaction type breakdown
Non-homestead commercial property is reassessed to just (market) value. The Save Our Homes cap does not apply; a 10% annual cap applies to certain non-homestead property but resets on qualifying ownership/control changes.
Refinance alone does not trigger reassessment. Watch transfers of title or cumulative changes of control.
Sale, foreclosure, transfer of title, or cumulative transfer of control can remove the 10% cap.
Tax appeal information
Combined millage varies materially by municipality within the county; confirm the city/independent district overlay for the subject parcel.
Guide review
County guidance last reviewed: July 16, 2026
Tax-rate scope: County-level underwriting placeholder; not a parcel-specific tax rate.
Official sources: Property Appraiser, Tax Collector
Non-homestead combined ~1.95% (19.5 mills) per Miami-Dade Property Appraiser millage. Varies by municipality — confirm the parcel's taxing-authority stack.
Parclio estimates are underwriting guidance, not legal or tax advice. Always verify millage rates, the seller's assessed value, and appeal deadlines with the county assessor or local counsel before relying on these numbers for a credit decision.
Run a tax reset estimate for Miami-Dade County
Use Parclio's estimator to model the post-closing tax bill, NOI impact, DSCR change, and underwriting memo language for your next Miami-Dade County deal.