Pinecrest Florida Real Estate and More...: It's All In The Millage Rate!

It's All In The Millage Rate!

What you pay for your property taxes is based on the area’s millage rate.  The property tax is calculated by multiplying the assessed value of the property by the area’s millage rate. 

Every once in a while I’ll hear someone say they can’t buy in Pinecrest Florida because the taxes are too high.  In reality, the millage rate in Pinecrest is one of the lowest around.

Let’s say you move to Florida and buy a $500,000 home and you apply for your Homestead Exemption.  Using the Dade County Tax Estimator, your property taxes would be in:

Pinecrest $8,709

Coral Gables $9,252

Palmetto Bay $8,820

Miami Beach $9,515

Unincorporated Miami-Dade County $8,622

When you are buying a property, it is important to compare millage rates in the areas you are considering.  But, as we have always known about real estate, the truly important variable is, location, location, location.

What you can buy for $500,000 in unincorporated Miami-Dade County will be much different than what you would be able to buy in Pinecrest!



Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 21st Year in Real Estate

Coldwell Banker 

12651 South Dixie Hwy

Pinecrest (Miami), FL 33156


Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

Comment balloon 0 commentsMarie Story • March 15 2012 08:20AM