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.