Rates are set locally, so your county or city can be higher or lower than the state median. Enter your home's value and adjust the rate above for an estimate specific to you, then subtract any homestead exemption you qualify for.
What is the property tax rate in Florida? +
The median effective property tax rate in Florida is about 0.78% of a home's value — roughly $3,120 a year on a $400,000 home. The homestead exemption (up to $50,000) plus the Save Our Homes 3% assessment-growth cap keep effective rates moderate for primary residences. Rates are set locally, so your county or city can differ; confirm with your assessor.
Is Florida a high property tax state? +
At about 0.78%, Florida's median effective property tax rate is lower than the US median of roughly 0.90%. That keeps it among the lower property-tax states. Your actual bill also depends on local home values and millage rates.
Does Florida have a property tax cap or homestead exemption? +
The homestead exemption (up to $50,000) plus the Save Our Homes 3% assessment-growth cap keep effective rates moderate for primary residences. Confirm the exemptions and caps that apply to your property with your county assessor.
How much is property tax on a $500,000 home in Florida? +
At the Florida median effective rate of about 0.78%, property tax on a $500,000 home is roughly $3,900 a year — about $325 a month if escrowed. Your county or city rate can be higher or lower, so enter your exact rate above.
How can I lower my property tax in Florida? +
Claim every exemption you qualify for — homestead, senior, veteran or disability — and appeal your assessed value if comparable homes recently sold for less. Florida homeowners should make sure their homestead/primary-residence exemption is applied and note the county appeal deadline printed on the annual assessment notice.
How is property tax calculated? +
Property tax = taxable value × the local tax rate. Your assessor sets an assessed value (often a share of market value), subtracts exemptions such as a homestead exemption, and applies the local mill rate. This calculator uses the effective rate — total tax as a percentage of market value — so you can estimate straight from your home's value.
What is the effective property tax rate? +
The effective property tax rate is the total annual property tax paid as a percentage of a home's market value. It blends the assessment ratio and the local mill rate into one number, making it the easiest way to compare property tax between states and counties. The US median is about 0.90%.
What is a homestead exemption? +
A homestead exemption reduces the taxable value of your primary residence, lowering your property tax bill. Rules vary by state — some give a flat dollar reduction, others a percentage or an assessment-growth cap. See our homestead exemption guide, and enter your exemption above to see the effect.
What is the difference between assessed value and market value? +
Market value is what your home would sell for; assessed value is the figure your county assessor uses for tax, often a set percentage of market value and sometimes capped. Property tax is charged on the assessed value after exemptions, not the full market value.
How often is property tax reassessed? +
It varies by state. Some counties reassess every year, others on a fixed cycle. Some states cap how fast assessed value can rise — California's Prop 13 at 2% a year, Florida's Save Our Homes at 3%, Texas at 10% — until the home is sold and reassessed to market value.
Are property taxes included in my monthly mortgage payment? +
Usually yes. Most US lenders require an escrow account that collects 1/12 of your annual property tax and homeowners insurance with each mortgage payment, then pays the bills for you. That is why your monthly payment (PITI) is larger than principal and interest alone.
Are property taxes deductible on federal taxes? +
If you itemize, state and local taxes (SALT) — including property tax — are deductible, but the total SALT deduction is capped at $10,000 per year under the 2017 Tax Cuts and Jobs Act. Many owners in high-tax states pay more than the cap.
⚠️ Estimates only. Effective rates are state medians from Tax Foundation / US Census data and vary by county, city and school district. This is not tax advice — confirm your rate, assessed value and exemptions with your local county assessor.
