Florida variant. This is a Florida-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Florida's effective property tax rate of 0.8% means the owner of a median $410,000 home pays roughly $3,280 per year - a figure that varies widely by state.
How Florida property tax is calculated
Property tax = assessed value × local millage rate. The 0.8% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $410,000 Florida median home, that works out to about $3,280/year or $273/month - often escrowed into your mortgage payment.
About taxes and housing in Florida
Florida levies no state income tax, funding government primarily through sales taxes and tourism-related revenue.
Florida's homestead exemption reduces taxable home value and its Save Our Homes provision caps annual assessment increases for primary residences.
Florida's economy is driven by tourism, real estate, and an influx of retirees and new residents drawn by the lack of an income tax.
Worked example: tax on a $410,000 home
$410,000 × 0.8% = $3,280 per year. A $500,000 home in Florida would owe about $4,000 annually at the same effective rate.
Quick reference
- State income tax: No state income tax
- State sales tax: 6% (plus 1.02% avg local)
- Median home value: $410,000
- Median household income: $73,311
- Effective property tax rate: 0.8%
- Avg auto insurance: $2,694/yr
Frequently Asked Questions
What is the property tax rate in Florida?
Florida's effective property tax rate averages 0.8% of market value per year.
How much property tax on a $410,000 home in Florida?
About $3,280 per year at the 0.8% effective rate.