Property Q&A in Aventura>Question Details

Richard, Home Buyer in overseas

1. What are the est prop tax and can we assume they will be adj down to reflect the drastically diff mkt cond?

Asked by Richard, overseas Fri Feb 13, 2009

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This question is about this property: http://www.trulia.com/property/1074769125-3666-Ne-167th-St-A…

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2
Good Evening Richard,

For a more accurate answre to your question I recommend you try the Miami Dade Tax Estimator http://www.miamidade.gov/pa/taxes.asp

You can lookup the property's assessed value or manually input the purchase price, reduce it by your exemption amount (probably 50,000 if your homesteaded). Multiply this number by the milage rate and divide by 1,000.
0 votes Thank Flag Link Sat Feb 14, 2009
Hi Richard,
The propeerty tax is approximatly 2% of the assessed value of a property in Dade county. So yes, the lower prices have led to lower property taxes. And the ther factor that effects tax is if the property is you primary residence. If so, you can take the deduction for that which brings it down even furher. I cannot really advise you any further about taxes, as I am not an accountant, but that is the basic information regarding property tax here in Miami Dade.
I would be glad to assist you with your search or any other questions you may have.

Best Regards,
Beth Jenkins
Realtor Associate
786-374-4778 (direct)
Web Reference: http://www.arealtyteam.com
0 votes Thank Flag Link Sat Feb 14, 2009
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