How is Florida property tax calculated?

Florida property tax equals taxable value times the millage rate. Taxable value is the assessed (just) value minus any exemptions. One mill is one dollar of tax per 1,000 dollars of taxable value, so a 20-mill rate is 2% of taxable value.

What is the Florida homestead exemption?

Permanent Florida residents can exempt up to 50,000 dollars of their primary home's assessed value. The first 25,000 applies to all property taxes; the second 25,000 applies to value between 50,000 and 75,000 and does not apply to school district taxes.

What is a typical Florida millage rate?

Combined millage rates (county, city, school, and special districts) commonly range from about 15 to 23 mills, or roughly 1.5% to 2.3% of taxable value. Check your county property appraiser or tax collector for your exact rate.

Does the Save Our Homes cap affect my tax?

Yes. Save Our Homes limits annual increases in the assessed value of a homesteaded property to 3% or the change in CPI, whichever is lower. This estimator uses the value you enter, so use your current assessed value for accuracy.

How accurate is this estimate?

It is a close estimate based on the values and millage rate you enter. Actual bills can vary with non-ad-valorem assessments, special district fees, and exemptions such as senior, veteran, or disability exemptions not modelled here.

Florida Property Tax Estimator

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Florida property taxes are ad valorem — based on the value of your property. There is no state property tax; instead, counties, cities, school districts, and special districts each levy a millage rate that combines into your total bill. This estimator takes your assessed value, subtracts the homestead exemption you qualify for, and applies the millage rate to estimate your annual property tax.

How it works

The estimator applies Florida’s ad valorem formula:

Taxable value. Start with the assessed (just) value, then subtract exemptions. The standard homestead exemption is up to $50,000: the first $25,000 applies to all taxes, and the second $25,000 applies only to value between $50,000 and $75,000 and not to school taxes.
Apply millage. Multiply taxable value by the millage rate. One mill equals $1 of tax per $1,000 of taxable value, so a combined rate of 20 mills means 2% of taxable value.
School-tax split. Because the second homestead exemption is exempt from school taxes, the estimator splits the millage into a school portion and a non-school portion so the exemption is applied correctly.

Tips and example

Suppose your home’s assessed value is $300,000, you claim the full homestead exemption, and your combined millage is 18 mills (assume 7 of those are school millage). Your non-school taxable value is $300,000 - $50,000 = $250,000, and your school taxable value is $300,000 - $25,000 = $275,000. The estimator taxes each portion at its rate and adds them together.

Use your county property appraiser’s TRIM notice for your exact millage rate and assessed value. Remember that non-ad-valorem assessments (such as fire, garbage, or stormwater fees) and additional exemptions for seniors, veterans, or persons with disabilities are not included here.