Taxes in Miami, Florida
Complete tax guide for Miami, FL. No state income tax, 0.97% property tax, 7% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.97%
Effective rate
Sales Tax
7%
Combined rate
Tax Burden
Moderate
Miami, FL Tax Overview
No state income tax; high property values; international business hub
Population
442,241
Median Income
$44,268
Cost of Living
127.8 (100 = avg)
State Income Tax
None
Median Home Price
$465,000
Miami Tax Calculator
Pre-filled with Miami median: $44,268
Total Tax Burden in Miami
$6,660
Take-Home: $37,608 · Effective Rate: 15.05%
Federal Tax
$3,274
7.40% eff.
FL State
$0
0.00% eff.
FICA
$3,387
7.65% eff.
Take-Home
$37,608
84.95% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $44,268.00 | $3,689.00 |
| Federal Income Tax | -$3,273.66 | -$272.81 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$2,744.62 | -$228.72 |
| Medicare (1.45%) | -$641.89 | -$53.49 |
| Take-Home Pay | $37,607.84 | $3,133.99 |
Property Tax in Miami
Median Home
$465,000
Annual Tax
$4,511
Monthly Tax
$376
Effective Rate
0.97%
Sales Tax in Miami
Combined Rate
7%
State Portion
~4.5%
Local Portion
~2.5%
The combined sales tax rate in Miami is 7%, which is below the national average of 7.12%. On a $100 purchase, you would pay $7.00 in sales tax.
Tax Burden Comparison
| Tax Type | Miami | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.97% | ~0.97% | 1.1% |
| Sales Tax | 7% | ~7% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Miami Residents
- Florida has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Miami (0.97%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Florida
Jacksonville
Very LowTampa
LowOrlando
Very LowSt. Petersburg
Very LowHialeah
LowPort St. Lucie
LowTallahassee
Very LowCape Coral
LowFort Lauderdale
LowPembroke Pines
LowHollywood
Very LowGainesville
Very LowCalculate Your Full Florida Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Miami, FL?
Miami, Florida has no state income tax. The property tax rate is 0.97% and the combined sales tax rate is 7%. No state income tax; high property values; international business hub
How much is property tax in Miami?
The effective property tax rate in Miami is 0.97%. On the median home price of $465,000, this equals approximately $4,511 per year or $376 per month. This is below the national average of 1.1%.
What is the sales tax rate in Miami?
The combined sales tax rate in Miami is 7%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Miami's tax burden compare to other cities?
Miami has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 27.1%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 127.8 (100 = national average).
Are there any local taxes in Miami?
Miami does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; high property values; international business hub