How to calculate property taxes in Florida
To estimate property taxes in Florida, multiply the home value by the local property tax rate. This page applies the state average effective rate of 0.86%, so a property valued at $500,000 would have an estimated annual property tax of $4,300.
Florida property taxes vary by county and can be reduced by the homestead exemption and the Save Our Homes assessment cap.
Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.
Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.