Free property tax calculator tailored for Florida (FL). Calculate instantly with state-specific rates and rules.
Florida has an effective property tax rate of 0.86%, producing an average annual bill of $2,338. The US national average is 1.07% — Florida's rate is below, placing it at rank #22 out of 50 states (rank 1 = lowest).
Property is assessed at fair market value. However, the Save Our Homes cap limits annual increases in assessed value to 3% or the Consumer Price Index (CPI), whichever is lower, for primary residences — providing significant long-term protection.
Florida's Homestead Exemption is one of the most generous in the US: $25,000 applied to the first $25,000 of assessed value (all taxes), and an additional $25,000 applied to the $50,000-$75,000 range (all taxes except school district). The Senior Exemption can add up to $50,000 for qualifying households.
The Save Our Homes (SOH) cap is Florida's most powerful taxpayer protection. Long-term homeowners can accumulate substantial "portability" savings — transferable to a new Florida home.
Florida has no state income tax, making property taxes a critical state revenue source. Miami-Dade, Broward, and Palm Beach counties carry some of the highest dollar bills in the state due to high home values.
The median home value in Florida is $395,000. Florida experienced extraordinary appreciation 2020-2023 (50%+ in many markets) driven by migration from high-cost states. Insurance costs are now a significant housing affordability factor. At the 0.86% effective rate, a homeowner at the median value pays roughly $2,338/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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