Data Analysis
Property Tax Burden by Zip Code — South Florida
We compared assessed values, market values, and taxable values across 53 zip codes to reveal where homeowners face the highest tax burden — and where assessment ratios suggest potential over- or under-valuation.
Key Finding
Highest average assessed value: $2,714,487 in zip code 33301. Lowest assessment ratio: 62.6% in zip code 33330 — meaning assessed values there are furthest below market value.
Average Assessed Value by Zip Code
Top 20 zip codes by average assessed property value
Tax Burden Detail by Zip Code
Assessed value, market value, taxable value, and the assessment ratio (assessed / market). A lower ratio means assessed values lag behind market prices — common in long-held homesteaded properties.
| Zip | Avg Assessed | Ratio |
|---|---|---|
| 33301 | $2,714,487 | 84.5% |
| 33316 | $2,131,667 | 82.2% |
| 33304 | $1,074,716 | 80.1% |
| 33308 | $987,652 | 71.6% |
| 33019 | $972,212 | 76.7% |
| 33062 | $956,266 | 73.8% |
| 33306 | $952,828 | 74.1% |
| 33314 | $886,159 | 83.0% |
| 33305 | $826,102 | 72.8% |
| 33315 | $782,623 | 80.8% |
| 33069 | $773,584 | 85.1% |
| 33323 | $749,275 | 77.8% |
| 33332 | $740,084 | 70.0% |
| 33004 | $718,502 | 82.0% |
| 33330 | $690,248 | 62.6% |
| 33331 | $678,372 | 66.3% |
| 33324 | $656,378 | 78.4% |
| 33025 | $611,134 | 79.2% |
| 33076 | $610,617 | 70.6% |
| 33067 | $610,104 | 67.9% |
| 33073 | $601,162 | 76.6% |
| 33009 | $595,932 | 74.5% |
| 33309 | $580,148 | 79.1% |
| 33326 | $559,941 | 72.1% |
| 33327 | $551,063 | 68.5% |
| 33064 | $515,146 | 70.0% |
| 33027 | $508,467 | 71.3% |
| 33441 | $504,128 | 73.6% |
| 33065 | $501,598 | 74.8% |
| 33328 | $495,457 | 66.9% |
| 33071 | $494,050 | 69.3% |
| 33021 | $481,866 | 67.2% |
| 33325 | $473,875 | 67.9% |
| 33334 | $469,425 | 72.1% |
| 33020 | $467,456 | 75.6% |
| 33351 | $458,996 | 74.0% |
| 33028 | $453,325 | 68.3% |
| 33312 | $448,939 | 71.2% |
| 33029 | $426,063 | 65.3% |
| 33060 | $418,884 | 70.2% |
Understanding the Assessment Ratio
What the ratio tells you about property taxes in each area
90%+ Ratio
Assessed values closely track market values. Common in newer developments or areas with recent sales resetting assessed values.
70-90% Ratio
Moderate gap between assessed and market. Typical for areas with a mix of long-term and newer owners, with homestead exemptions in play.
<70% Ratio
Large gap — assessed values far below market. Often indicates longtime homesteaded properties benefiting from the Save Our Homes cap (3% annual increase limit).
Methodology & Data Sources
Property values come from the Miami-Dade and Broward County Property Appraiser tax rolls. Assessed value is the county's estimate of a property's worth for tax purposes. Market value is the appraiser's estimate of fair market value. Taxable value is the assessed value minus exemptions (homestead, senior, etc.).
Assessment ratio is calculated as (average assessed value / average market value) * 100 for each zip code. A ratio below 100% indicates that assessed values are lower than market values, which is common due to Florida's Save Our Homes amendment that caps annual assessed value increases at 3% for homesteaded properties.
Averages are computed per zip code across all residential and commercial properties. Vacant land is excluded. Only zip codes with 50+ properties are shown to avoid skewed averages.
Data is updated weekly as county tax rolls are refreshed. Values shown reflect the most recent tax year available.
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