Understanding Property Taxes for High-End Buyers in Miami-Dade County

Miami-Dade County combines a globally coveted luxury lifestyle with a property tax system that is both attractive and nuanced. For buyers acquiring multi-million-dollar residences, understanding how ad valorem taxes, millage rates, homestead exemptions, assessment caps and municipal variations interact is essential to projecting true carrying costs. This guide explains how values are assessed, how Florida homestead exemption and Save Our Homes caps protect primary residences, how second homes and investment properties are taxed, and how elite buyers can plan around resets at sale, discounts for early payment and long-term tax strategies to support confident decision making.

South Florida’s Luxury New Construction Boom Continues

South Florida’s Luxury Real Estate cycle remains firmly intact across Miami, Fort Lauderdale, and Palm Beach as New Construction, deep all‑cash liquidity, and sustained wealth migration drive demand. Scarce waterfront inventory, amenity‑rich condo towers, and tax advantages continue to support pricing resilience through 2025 and beyond. For both investors and relocating families, Miami‑Dade, Broward, and Palm Beach offer a rare blend of lifestyle, security, and long‑term capital preservation in one of the world’s most desirable coastal markets.