Miami-Dade’s Taxable Property Values Reach $512B, But Growth Slows

Miami-Dade County’s taxable property values experienced a notable slowdown in 2025, marking a shift from the rapid growth observed in previous years.

According to the Miami-Dade County Property Appraiser’s Office, the countywide taxable value for 2025 increased by 10.7%, reaching approximately $471.5 billion. While this represents a significant sum, it is a deceleration compared to the 12.7% growth recorded in 2024.

This moderation in growth is attributed to several factors. Rising mortgage rates and an increase in housing inventory have contributed to a cooling real estate market. Additionally, the average home value in Miami-Dade has seen a slight increase, with the average assessed value of homes rising to about $203,000.

In response to these changing market conditions, Miami-Dade Mayor Daniella Levine Cava has proposed a $12.7 billion budget for 2025, aiming to maintain property tax rates at current levels. This approach seeks to balance the county’s fiscal responsibilities with the need to provide relief to homeowners facing higher property taxes due to increased property values.

As the real estate market continues to evolve, property owners are encouraged to review their property assessments and consider available exemptions to mitigate potential tax increases. Staying informed about these changes can help homeowners navigate the shifting landscape of property taxation in Miami-Dade County.