In Miami, Florida, the average property tax rate is approximately 0.80% to 0.91% of a home's assessed value, with some sources indicating a specific county rate around 0.85%. For a property valued at $20 million, you can estimate the property tax accordingly:

• If we consider the rate of 0.80%, the calculation would be: [ 0.80% \times 20,000,000 = 160,000 \text{ dollars} ]

• If we use the higher estimate of 0.91%, the property tax would be: [ 0.91% \times 20,000,000 = 182,000 \text{ dollars} ]

This means the property tax for a $20 million home in Miami would range from approximately $160,000 to $182,000, depending on the exact rate applied.

For more detailed information and to see specific estimates relevant to your situation, you can consult the following links:

• Florida State Tax Guide: What You'll Pay in 2025
• Property Tax Estimator - Miami-Dade County
• Florida Property Tax Calculator - SmartAsset

This information should give you a comprehensive understanding of your property tax liability for a home valued at $20 million in Miami.

Sources

Florida State Tax Guide: What You'll Pay in 20252025 Property Taxes in Florida: What Homeowners Need to KnowTax Estimator - Property Appraiser - Miami-Dade CountyMiami-Dade's garbage fees and tax rates stay flat in 2025 budget ...Mayor Daniella Levine Cava unveils Miami-Dade 2025 budgetFlorida Property Tax Calculator - SmartAssetNews Release - Miami-Dade County - Property Appraiser

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