Real Estate
Property Tax Calculator
Estimate your annual property tax bill based on assessed home value and local tax rate.
Annual Property Tax
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How It Works
Annual Property Tax = Assessed Value Γ (Tax Rate / 100). Tax rates vary widely by county and city. Florida's average effective property tax rate is about 0.86%, compared to the US average of ~1.1%.
Example
A $350,000 home at a 1.1% tax rate = $3,850/year in property taxes, or about $321/month.
Frequently Asked Questions
What is an assessed value?
The value assigned to your property by the local tax assessor, often 80β100% of market value. It can differ significantly from what your home would sell for.
How can I lower my property taxes?
File a homestead exemption if eligible, appeal your assessment if it seems high, or check for senior, veteran, or disability exemptions in your county.
Are property taxes deductible?
Yes, up to $10,000 total for state and local taxes (SALT) under current federal law. Check IRS Publication 17 for the latest rules.