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Florida Specifics

What should buyers know about Florida property taxes?

Florida has no state income tax but does have property taxes, set by your county. Your bill is based on assessed value minus exemptions, times the local millage rate. Budget for it, and file for homestead to lower it.

Florida trades a state income tax (which it doesn't have) for property taxes that fund local services. Your bill is roughly the property's assessed value, minus any exemptions, multiplied by the local 'millage' (tax) rate set by your county and city.

A key thing for buyers: your taxes may differ from what the current owner pays, because the assessed value can reset when a home sells. So don't assume the seller's tax bill is yours. If it's your primary residence, file for the homestead exemption to lower it. I'll help you estimate the real number for any home — and your county property appraiser's site is a great resource. (I'm a REALTOR®, not a tax advisor.)

Mayra Cordero
Mayra Cordero
REALTOR® · Central Florida

This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.

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