smartasset.com
Open in
urlscan Pro
52.222.236.66
Public Scan
Submitted URL: https://smartasset.com/taxes/florida-property-tax-calculator#tu67ocy6vn
Effective URL: https://smartasset.com/taxes/florida-property-tax-calculator
Submission: On December 13 via api from US — Scanned from DE
Effective URL: https://smartasset.com/taxes/florida-property-tax-calculator
Submission: On December 13 via api from US — Scanned from DE
Form analysis
1 forms found in the DOMPOST /search
<form method="post" action="/search"> <span class="hide-mobile">Search </span> <input type="text" name="q" id="st-search-input" autocomplete="off"> <input type="button" class="bold" value="Go" onclick="$('#search-box form').submit()"> <input
type="button" value="Cancel" onclick="smartasset.search.hideSearch()"> </form>
Text Content
Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading * Home Buying Home Buying Calculators * How Much House Can I Afford? * Mortgage Calculator * Rent vs Buy * Closing Costs Calculator Helpful Guides * Home Buying Guide * Veteran Home Buying Guide Compare Rates * Today's Mortgage Rates * 30-Year Mortgage Rates * 15-Year Mortgage Rates * 5/1 Arm Mortgage Rates * 7/1 Arm Mortgage Rates Lender Reviews * Quicken Loans Mortgage Review * Rocket Mortgage Review * Chase Mortgage Review * Better.com Mortgage Review * Wells Fargo Mortgage Review * AmeriSave Mortgage Review * More Mortgage Lender Reviews * Taxes Taxes Calculators * Income Tax Calculator * Tax Return Calculator * Property Tax Calculator * Paycheck Calculator * Retirement Taxes Calculator Helpful Guides * Tax Guide Learn More * How to Fill Out W-4 * Best Tax Software * Best Free Tax Software Tax Software Reviews * TurboTax Review * Credit Karma Tax Review * H&R Block Review * Tax Slayer Review * TaxAct Review * Retirement Retirement Calculators * Retirement Calculator * 401(k) Calculator * Social Security Calculator Helpful Guides * Retirement Guide * Financial Advisor Guide * Estate Planning Guide Robo-Advisor Reviews * Acorns Review * Ally Invest Review * Betterment Review * Wealthfront Review Learn More * Should You Hire a Retirement Advisor * Average Retirement Savings: How Do You Compare? * Is Social Security Taxable? * Financial Advisors Financial Advisors Find a Financial Advisor * Top Financial Advisors in the US * Top Financial Advisors by City and State * Financial Advisors in Austin TX * Financial Advisors in NY Learn More * Fee-Only Financial Planner * Wealth Manager vs Financial Advisor * Fee-only vs Fee based Financial Advisor * CFA vs CFP Helpful Guides * How to Choose a Financial Advisor * Financial Advisor Cost * Is It Worth Paying a Financial Advisor * One-Time Checkup with a Financial Advisor For Financial Advisors * Guide to Financial Advisor Business Plans * Client Acquisition Strategies * Client Retention Strategies * Marketing Tips * More Resources for Advisors Reviews * Financial Advisory Firms * The Vanguard Group Review * Edward Jones Financial Advisor Review * Merrill Lynch Wealth Management Review * Ameriprise Financial Services Review * Banking Banking Calculators * Savings Calculator Compare Accounts * Compare Savings Accounts * Compare Checking Accounts * Compare CD Rates * Compare Money Market Accounts Helpful Guides * Checking & Savings Guide Best Bank Accounts * Best Savings Accounts * Best Money Market Accounts * Best CD Rates * Best Checking Accounts Bank Reviews * Capital One Banking Review * Synchrony Banking Review * Ally Bank Review * Marcus by Goldman Sachs Review * Investing Investing Calculators * Investment Calculator * Asset Allocation Calculator * Capital Gains Tax Calculator * Inflation Calculator Compare Accounts * Online Brokerage Accounts Helpful Guides * Investing Guide * 529 Plans by State Learn More * What is a Mutual Fund? * What is an Index Fund? * How Does the Stock Market Work? * What are Bonds? Investing Advice * What is a Fiduciary? * What is a CFP? * Credit Cards Credit Cards Credit Cards Best Credit Cards * Best Credit Cards Helpful Guides * Credit Cards Guide Compare Cards * What is the Best Credit Card for You? * Life Insurance Life Insurance Life Insurance Calculators * How Much Life Insurance Do I Need? Compare Quotes * Life Insurance Quotes Helpful Guides * Life Insurance Guide * Refinance Refinance Refinance Calculators * Refinance Calculator Compare Rates * Compare Refinance Rates Helpful Guides * Refinance Guide * Personal Loans Personal Loans Personal Loans Calculators * Personal Loan Calculator Compare Rates * Personal Loan Rates Helpful Guides * Personal Loans Guide * Student Loans Student Loans Student Loans Calculators * Student Loan Calculator Compare Rates * Student Loan Refinance Rates Helpful Guides * Student Loans Guide * SmartReads * SmartAdvisor * * About * Press * Terms of Service * Privacy Policy * More Credit Cards Best Credit Cards * Best Credit Cards Helpful Guides * Credit Cards Guide Compare Cards * What is the Best Credit Card for You? Life Insurance Calculators * How Much Life Insurance Do I Need? Compare Quotes * Life Insurance Quotes Helpful Guides * Life Insurance Guide Refinance Calculators * Refinance Calculator Compare Rates * Compare Refinance Rates Helpful Guides * Refinance Guide Personal Loans Calculators * Personal Loan Calculator Compare Rates * Personal Loan Rates Helpful Guides * Personal Loans Guide Student Loans Calculators * Student Loan Calculator Compare Rates * Student Loan Refinance Rates Helpful Guides * Student Loans Guide * I'm an Advisor Find an Advisor Search Tap on the profile icon to edit your financial details. Got It FLORIDA PROPERTY TAX CALCULATOR Your Details Done OVERVIEW OF FLORIDA TAXES At a 0.80% average effective property tax rate, property taxes in Florida rank below the national average, which currently stands at 0.99%. Median annual property tax bills in the Sunshine State follow suit, as its $2,338 mark is over $400 cheaper than the U.S. median. Not in Florida? Florida Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Enter your financial details to calculate your taxes Enter Your Location Dismiss Assessed Home Value Dismiss Average County Tax Rate 1.030% (Clay County) Property Taxes $5,150 (Annual) How Your Property Taxes Compare Based on an Assessed Home Value of $500,000 Clay County$5,150 1.030% of Assessed Home Value Florida$4,000 0.800% of Assessed Home Value National $4,950 0.990% of Assessed Home Value Today's Best 30 Year Fixed Mortgage Rates Based on a $200,000 mortgage Home Value$500,000 Points0 LocationZIP, 32003 Credit ScoreExcellent Not what you're looking for? View personalized rates * 30 yr Fixed 30yr Fixed * 15 yr Fixed 15yr Fixed * 5/1 ARM 5/1ARM Zero Down For Veterans, Zero Closing Cost Option Complimentary Pre-Approval With No Hit To Credit Score Get Started No mortgages were found. Searching for Mortgages... PenFed Credit Union NMLS: 401822Fees in APR: $4,000Points: 0.00 APR: 6.470% Rate: 6.375% Monthly Payment $2,495 Monthly Payment $2,495 APR: 6.470% Rate: 6.375% View Details PenFed Credit Union NMLS: 401822Fees in APR: $4,000Points: 0.00 Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $667Points: -0.21 APR: 6.516% Rate: 6.500% Monthly Payment $2,528 Monthly Payment $2,528 APR: 6.516% Rate: 6.500% View Details Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $667Points: -0.21 Valley West Mortgage NMLS: 65506Fees in APR: $7,000Points: -0.07 APR: 6.642% Rate: 6.124% Monthly Payment $2,430 Monthly Payment $2,430 APR: 6.642% Rate: 6.124% View Details Valley West Mortgage NMLS: 65506Fees in APR: $7,000Points: -0.07 2024 VA Loans For Veterans Check Requirements & Prequalify In Minutes Get a Quote Source: Icanbuy Disclosure View more mortgages Zero Down For Veterans, Zero Closing Cost Option Complimentary Pre-Approval With No Hit To Credit Score Get Started No mortgages were found. Searching for Mortgages... Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $795Points: -0.17 APR: 5.656% Rate: 5.625% Monthly Payment $3,294 Monthly Payment $3,294 APR: 5.656% Rate: 5.625% View Details Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $795Points: -0.17 PenFed Credit Union NMLS: 401822Fees in APR: $3,500Points: -0.13 APR: 6.513% Rate: 6.375% Monthly Payment $3,457 Monthly Payment $3,457 APR: 6.513% Rate: 6.375% View Details PenFed Credit Union NMLS: 401822Fees in APR: $3,500Points: -0.13 MIDFLORIDA Credit Union NMLS: 417627Fees in APR: $1,793Points: 0.00 APR: 6.563% Rate: 6.500% Monthly Payment $3,484 Monthly Payment $3,484 APR: 6.563% Rate: 6.500% View Details MIDFLORIDA Credit Union NMLS: 417627Fees in APR: $1,793Points: 0.00 2024 VA Loans For Veterans Check Requirements & Prequalify In Minutes Get a Quote Source: Icanbuy Disclosure View more mortgages Zero Down For Veterans, Zero Closing Cost Option Complimentary Pre-Approval With No Hit To Credit Score Get Started No mortgages were found. Searching for Mortgages... MIDFLORIDA Credit Union NMLS: 417627Fees in APR: $1,793Points: 0.00 APR: 6.288% Rate: 6.250% Monthly Payment $2,462 Monthly Payment $2,462 APR: 6.288% Rate: 6.250% View Details MIDFLORIDA Credit Union NMLS: 417627Fees in APR: $1,793Points: 0.00 Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $867Points: -0.16 APR: 7.021% Rate: 7.000% Monthly Payment $2,661 Monthly Payment $2,661 APR: 7.021% Rate: 7.000% View Details Empire of America NMLS: 1146941State Lic: MLD1914Fees in APR: $867Points: -0.16 2024 VA Loans For Veterans Check Requirements & Prequalify In Minutes Get a Quote Source: Icanbuy Disclosure View more mortgages * About This Answer To calculate the exact amount of property tax you will owe requires your property's assessed value and the property tax rates based on your property's address. Please note that we can only estimate your property tax based on median property taxes in your area. There are typically multiple rates in a given area, because your state, county, local schools and emergency responders each receive funding partly through these taxes. In our calculator, we take your home value and multiply that by your county's effective property tax rate. This is equal to the median property tax paid as a percentage of the median home value in your county. ...read more * Our Expert ...read more Share More from SmartAsset * Mortgage rates in Florida * Florida mortgage calculator * Florida income tax calculator * Florida retirement taxes * Estimate your tax refund More About This Page * About this answer * How Florida Property Taxes Work * Florida Tax Rates * Infographic: Where Property Taxes offer the best bang for your buck Share Your Feedback How would you rate your experience using this SmartAsset tool? 1 2 3 4 5 Needs improvement Excellent What is the most important reason for that score? (optional) Please limit your response to 150 characters or less. Submit Thank you for your answer! Your feedback is very important to us. FLORIDA PROPERTY TAXES Photo credit: ©iStock.com/Aneese Property taxes in Florida come in a bit below national averages. The state’s average effective property tax rate is 0.80%, which is lower than the U.S. average (0.99%). The typical homeowner in Florida pays $2,338 annually in property taxes, although that amount varies greatly between counties. There are some laws that limit the taxes due on owner-occupied homes in Florida. For example, the Save Our Homes assessment limitation caps increases in assessments for property taxes at 3% annually. Property taxes are just one of the many things to consider when purchasing a home. If you're looking to refinance an old mortgage or get a new one, you’ll want to look at SmartAsset’s Florida mortgage guide for information on current mortgage rates in the Sunshine State and more. A financial advisor can help you understand how homeownership fits into your overall financial goals. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. HOW DO FLORIDA PROPERTY TAXES WORK? The first step in the Florida property tax process is property appraisal, which is the act of placing a value on a piece of real estate. Every county in Florida has a property appraiser, which is an elected official who's responsible for the annual appraisal of every lot in the county. In general, this person does this through a mass appraisal, or a systematic analysis of market data in order to assign values to multiple properties at once. Property tax rates are applied to the assessed value, not the appraised value, of a home. Assessed value takes into account exemptions, including the Save Our Homes assessment limitation. The most widely claimed exemption is the homestead exemption, which you can claim on owner-occupied residences to protect the value of the home from property taxes, creditors and challenges that arise from the death of a homeowner spouse. It frees the first $25,000 of the home’s assessed value from all property taxes, and it exempts another $25,000 from non-school property taxes. This can get confusing, so here’s an example: Let’s say you have a home with an assessed value of $80,000. The first $25,000 would be exempt from all property taxes. The next $25,000 (the assessed value between $25,000 and $50,000) is subject to taxes. Then, the next $25,000 (the assessed value between $50,000 and $75,000) is exempt from all taxes except school district taxes. The remaining $5,000 in assessed value is taxable, though. The end result is that the homestead exemption reduces assessed value by $25,000 for school taxes and by $50,000 for all other types of property taxes. Homeowners who receive the homestead exemption also benefit from the Save Our Homes assessment limitation, which caps increases in assessed value at 3% or the rate of inflation, whichever is lower. So even if you own a home in a hot housing market, your taxes won’t skyrocket (unless one of your local government bodies increases rates). It's a good idea for homeowners to review their annual Truth in Millage (TRIM) notice, which declares their home’s appraised and assessed value. If the appraised value is too high (higher than what you could get for selling your home), you can file an appeal to the county adjustment board. It’s important to act quickly, though, as you have only 25 days to file an appeal. FLORIDA PROPERTY TAX RATES Property taxes in Florida are implemented in millage rates. A millage rate is one-tenth of a percent, which equates to $1 in taxes for every $1,000 in home value. A number of different authorities, including counties, municipalities, school boards and special districts, can levy these taxes. The table below shows the median property tax payment and average effective tax rate for every county in Florida. The effective tax rate is the median annual tax payment as a percentage of median home value. It can help compare tax burdens between counties and even between states, as it reflects actual payments and incorporates differences in assessments and exemptions. CountyMedian Home ValueMedian Annual Property Tax PaymentAverage Effective Property Tax RateAlachua County$201,600$2,5991.29%Baker County$158,000$1,0790.68%Bay County$195,000$1,1990.69%Bradford County$118,900$8620.72%Brevard County$220,000$20130.92%Broward County$282,400$3,3751.20%Calhoun County$91,100$5840.64%Charlotte County$209,500$2,4491.17%Citrus County$144,100$1,2530.87%Clay County$195,900$2,0161.03%Collier County$366,600$3,0360.83%Columbia County$128,800$1,3611.06%DeSoto County$103,600$1,1231.08%Dixie County$85,000$5430.64%Duval County$195,600$1,9000.97%Escambia County$157,200$1,2950.82%Flagler County$232,700$2,2850.98%Franklin County$193,800$1,2610.65%Gadsden County$98,100$8140.83%Gilchrist County$125,900$9640.77%Glades County$72,100$8161.13%Gulf County$170,700$1,1120.65%Hamilton County$85,900$6550.76%Hardee County$94,100$1,0611.13%Hendry County$105,900$1,1061.04%Hernando County$158,400$1,5690.99%Highlands County$120,500$1,1530.96%Hillsborough County$233,200$2,6771.15%Holmes County$86,400$5210.60%Indian River County$220,700$1,9720.89%Jackson County$101,300$6510.64%Jefferson County$137,300$1,0810.79%Lafayette County$100,600$7540.75%Lake County$202,500$1,9850.98%Lee County$235,300$2,4321.03%Leon County$212,900$1,9760.93%Levy County$119,000$8420.71%Liberty County$83,700$8260.99%Madison County$89,100$8901.00%Manatee County$250,700$2,5751.03%Marion County$151,700$1,5651.03%Martin County$293,000$2,8780.98%Miami-Dade County$310,700$3,1311.01%Monroe County$558,100$3,7150.67%Nassau County$243,700$2,4921.02%Okaloosa County$234,600$1,6620.71%Okeechobee County$116,500$1,1030.95%Orange County$257,800$2,6211.02%Osceola County$221,600$2,3491.06%Palm Beach County$301,000$3,3441.11%Pasco County$173,900$1,7421.00%Pinellas County$219,800$2,1070.96%Polk County$162,400$1,5780.97%Putnam County$103,400$9880.96%St. Johns County$326,300$3,2400.99%St. Lucie County$209,700$2,7471.31%Santa Rosa County$214,900$1,6420.76%Sarasota County$269,300$2,6350.98%Seminole County$263,700$2,2840.87%Sumter County$267,100$2,7921.05%Suwannee County$107,100$9240.86%Taylor County$81,900$5960.73%Union County$112,600$8250.73%Volusia County$194,900$1,7870.92%Wakulla County$171,200$1,3280.78%Walton County$245,400$1,4640.60%Washington County$120,800$6800.56% Want to learn more about your mortgage payments? Check out our mortgage loan calculator. MIAMI-DADE COUNTY Miami-Dade County is the southernmost county in the mainland U.S., and it's home to some of the most beautiful beach-front property in the world. So how are the area’s property taxes? The county has an effective property tax rate of 1.01% %. That's slightly higher than the 0.99% % national average. If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Miami can help you out. BROWARD COUNTY Broward County sits north of Miami-Dade and contains the cities of Fort Lauderdale and Hollywood, among others. It has one of the highest average effective property tax rates of any Florida county at 1.20%. Homeowners in Broward County pay a median property tax bill of $3,375 annually. PALM BEACH COUNTY While Palm Beach County contains lots of nice real estate, it has some hefty property taxes. Palm Beach County’s average effective property tax rate is 1.11%, which is higher than most Florida counties. The median real estate tax payment is $3,344, also one of the highest. HILLSBOROUGH COUNTY Hillsborough County contains the city of Tampa and has a population of nearly 1.4 million people. In terms of both annual payments and effective property tax rates, this county is pricier than Florida averages. In fact, there's a $2,677 median annual property tax payment and a 1.15% average effective rate, the latter of which is higher than the state average. ORANGE COUNTY Homeowners in Orange County pay a median annual property tax bill of $2,621 annually in property taxes. In Orlando, Orange County’s largest city, the millage rate varies from about 18.5 and up to more than 19.7 mills depending on where in the city you reside. PINELLAS COUNTY Photo credit: ©iStock.com/Meinzahn Pinellas County sits between Old Tampa Bay and the Gulf of Mexico and has property taxes well below both state and national averages. Homeowners in Pinellas County pay a median property tax of $2,107 per year. That’s less than the state average and much less than the national average. Tax rates in the county are likewise relatively low. The average effective tax rate in Pinellas County is 0.96%. DUVAL COUNTY The average effective property tax rate in Duval County is 0.97%. This means that the typical Duval County homeowner can expect to pay about 1% of their home value in property taxes each year. So, for example, if your home has a market value of $150,000 (close to the county’s median value) you may be paying about $1,410 annually in real estate taxes. LEE COUNTY Lee County is in Southwest Florida along the Gulf Coast. It has an effective property tax rate of 1,03%. The median annual real estate tax payment in Lee County is $2,432. POLK COUNTY The median home value in Polk County, which sits between the cities of Tampa and Orlando, is $162,400. The typical Polk County homeowner pays $1,578 in annual real estate taxes. Therefore, the county’s average effective property tax rate is 0.97%. BREVARD COUNTY Property taxes in Brevard County are somewhat lower than state and national averages. The county’s average effective property tax rate comes in at 0.92%, with a median annual property tax bill of $2013. CALCULATE YOUR PROPERTY TAXES IN THESE OTHER STATES * California Property Tax Calculator * Texas Property Tax Calculator * New York Property Tax Calculator PLACES RECEIVING THE MOST VALUE FOR THEIR PROPERTY TAXES SHOW 2022 SmartAsset’s interactive map highlights the places across the country where property tax dollars are being spent most effectively. Zoom between states and the national map to see the counties getting the biggest bang for their property tax buck. Best Overall ValueHome Value GrowthSchool ValueLowest Average Property Tax Worst Better Methodology: Our study aims to find the places in the United States where people are getting the most value for their property tax dollars. To do this, we looked at property taxes paid, school rankings and the change in property values throughout a five-year period. First, we used the number of households, median home value and average property tax rate to calculate a per capita property tax amount that is collected for each county. As a way to measure the quality of schools, we analyzed the math and reading/language arts proficiencies for every school district in the country. We created an average score for each district by looking at the scores for every school in that district, weighting it to account for the number of students in each school. Within each state, we assigned every county a score between 1 and 10 (with 10 being the best) based on the average scores of the districts in each county. Then, we calculated the change in property tax value in each county throughout a five-year period. Places where property values rose by the greatest amount indicated where consumers were motivated to buy homes, and a positive return on investment for homeowners in the community. Finally, we calculated a property tax index, based on the criteria above. Counties with the highest scores were those where property tax dollars are going the furthest. Sources: US Census Bureau 2020 American Community Survey, Department of Education, Zillow, National Association of Realtors Share More About This Map * View the data behind these rankings * How do we calculate these rankings * Interactive: Calculate your property taxes More from SmartAsset * Mortgage rates in Florida * Florida mortgage calculator * Florida income tax calculator * Florida retirement taxes * Estimate your tax refund Get in touch Contact Careers SmartAsset Search About SmartReads Captivate SmartAdvisor Press SmartAdvisorMatch Get Social Like on Facebook Follow on Twitter Legal Stuff Terms of Service Privacy Policy AdChoices GLB Notice Online Tracking Opt-Out Guide SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAsset’s services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. SmartAsset receives compensation from Advisers for our services. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any user’s account by an Adviser or provide advice regarding specific investments. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. This is not an offer to buy or sell any security or interest. All investing involves risk, including loss of principal. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Smartly made in NYC © 2023 SmartAsset, all rights reserved. OK Cancel Sending you to 's secure website. Stay on SmartAsset An error occurred Please reload the page.