Property tax
What the taxes
will really be.
The number on the listing is the seller's tax, not yours. This estimates your bill after the assessment resets at your purchase price, with the homestead exemption applied the way Florida actually applies it.
Estimate uses typical countywide millage. Your exact rate depends on the city and special taxing districts. When a home sells, the assessed value resets to market — which is why the seller's bill is rarely what you'll pay.
Estimated property tax
$1,014
per month
Annual bill
$12,170
School levies
Second $25K exemption does not apply here
$4,250
County, city & district levies
$7,920
Effective rate
1.87%
The assessment resets when you buy
The seller may have owned for 15 years with a capped assessment. On January 1 after your purchase, the county reassesses at market value — your bill can easily double theirs. Never budget off the current tax bill.
Homestead exemption: file by March 1
If the home is your primary residence, up to $50,000 comes off the taxable value and Save Our Homes caps future increases at 3% a year. It is free to file and it is the single biggest tax break in Florida.
Portability moves your savings
Already homesteaded in Florida? You can transfer up to $500,000 of accumulated Save Our Homes benefit to your next home. File Form DR-501T with the new property appraiser.
Additional exemptions add up
Seniors with limited income, veterans with a service-connected disability, surviving spouses of first responders and widows/widowers all qualify for extra reductions. Ask before you assume you don't qualify.
Want the exact millage for an address?
City rates and special districts change the number. Send me the address and I'll pull the appraiser record and give you the real figure.