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Florida property tax guide

How property tax works in Florida

Florida’s average effective property tax rate is 0.83% of a home’s market value — ranking #26 of 51 states (including D.C.), from highest to lowest. That average masks real county-by-county variation, but it’s the right starting point for budgeting what homeownership actually costs.

Why Florida's rate sits in the middle

Like Texas, Florida has no state income tax, so property tax carries more of the local funding load than in income-tax states — but Florida’s rate still lands closer to the national average than Texas’s, in part because of Save Our Homes. For a primary residence with a homestead exemption on file, Florida caps annual assessed-value growth at 3% or the rate of inflation, whichever is lower — similar in spirit to California’s Prop 13, though less restrictive. Like Texas’s cap, it protects assessed (taxable) value, not market value, and resets when the property sells.

That cap only applies to homesteaded primary residences. Second homes, vacation properties, and investment properties — common in a state with heavy seasonal and out-of-state ownership — pay tax on the full assessed value each year with no growth cap, which is worth knowing if you’re buying a Florida property you won’t live in year-round.

Worked example

A $400,000 home in Florida — a realistic figure for the state’s current median — comes out to $3,320 a year in property tax at the state average rate, or about $277 a month if it’s escrowed into a mortgage payment.

Disclaimer

This calculator uses Florida’s average effective property tax rate (taxes paid ÷ home market value), sourced from Tax Foundation and WalletHub 2024 data. Actual rates vary by county, city, and school district, and exemptions or assessment limitations you qualify for aren’t reflected here. For your actual tax liability, contact your local county assessor’s office.