Property Tax in Florida (2026): Rates, Exemptions, and Real Numbers

Florida Property Tax Rates by County

Highest and lowest effective rates within Florida

Property Tax Calculator — Florida

Pre-loaded with Florida's 0.78% effective rate and $384,811 median price

Property Tax by City in Florida

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Florida Homestead Exemption

How Florida Assesses Property Values

Assessment cycle: Annual reassessment to 'just value' (market value) as of January 1. Save Our Homes cap applies for homestead properties.

Property Tax's Impact on Your True Monthly Cost

On a $384,811 home in Florida

Property tax represents 7% of the true monthly cost in Florida.

Mortgage Calculator Including Property Tax — Florida

See your full PITI (principal, interest, taxes, insurance) payment

How Florida's Property Tax Affects Affordability

$250/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Florida

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Florida?

Florida's effective property tax rate is 0.78%, ranking #28 nationally. The median annual property tax bill is $3,002 ($250/month). Rates range from 0.45% in Walton County to 1.02% in Miami-Dade County. Source: Tax Foundation Property Taxes by State 2024.

Does Florida have a homestead exemption?

Yes — Florida offers a homestead exemption for primary residences. $25,000 exemption on assessed value for all taxing authorities; additional $25,000 for assessed value between $50K–$75K (excludes school district taxes). 'Save Our Homes' cap limits annual reassessment increases to 3% or CPI for homestead properties.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Florida?

Florida reassesses property on a annual reassessment to 'just value' (market value) as of january 1. save our homes cap applies for homestead properties. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Florida?

Property tax = Assessed Value × Mill Rate (or effective rate). In Florida, the effective rate is 0.78% of market value. On a $384,811 home: $384,811 × 0.78% = $3,002/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Florida?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Florida?

Most lenders require an escrow account that collects $250/month ($3,002/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Florida counties have the highest and lowest property taxes?

Florida's highest effective rate is in Miami-Dade County at 1.02%. The lowest is Walton County at 0.45%. That's a 0.57% spread — on a $384,811 home, the difference is $2,193/year.