Florida Property Tax Calculator
See what your tax bill becomes after closing, not what the seller has been paying.
What This Calculator Does
Uses the purchase price, homestead status, and applicable millage rate to project the assessment reset that follows a sale, since Florida reassesses property at market value the January after a transfer.
Who Is This For
Buyers who assumed a listing's current tax figure would carry over, homeowners moving within Florida evaluating portability, and out-of-state buyers pricing the full carrying cost of a purchase.
How It Works
Enter the purchase price, indicate whether the property will be a homestead, and add the applicable millage rate to see the projected assessed value, exemptions, and estimated annual tax.
Frequently Asked Questions
Why might the seller's tax bill be lower than mine will be?
A homestead assessment cap limits annual increases for as long as the prior owner held the homestead, and the assessed value resets to market value on the January 1 after a sale, so a long-held property's listed tax figure often understates what a new owner will pay.
How much is the homestead exemption?
The standard homestead exemption applies in tiers, with part of it applying to all taxing authorities and part exempted from levies dedicated to public education; your county property appraiser publishes the current combined amount. This calculator applies the full combined exemption against the full millage, so where that rate includes such a levy the estimate can land slightly below the actual bill.
What is the Save Our Homes cap?
Once homestead status is in place, annual increases in assessed value are limited to a set percentage or the change in a standard price index, whichever is lower; the cap does not transfer to a new owner.
Can I bring a prior assessment cap with me?
Portability allows an eligible homeowner to transfer accumulated Save Our Homes benefit to a new Florida homestead up to a statutory limit; you must file for it with the new homestead application, and the transfer is available only if you held the prior homestead in one of the three preceding years.