What are property taxes? (property tax)
The Property Tax is a wealth tax on land and real estate. Since the State of Florida, its districts and communes do not collect income taxes, they are required to obtain income in another way. Taxes are mainly collected by cities.
Depending on the connection of the land, estate taxes between 1.75% and 2.00% annually can result in Miami-Dade County. Others for thousands of taxes can be collected for a limited time by the tax authorities, individual for special investments (Special Assessments); The Assessec Value of the property, which is established by the County of City Tax Appraiser, is used as the basis for calculating taxes.
The estate tax is collected once a year, regardless of the residence status of the owner.