Florida Property Tax

Effective Property Tax Rate

78.62%

Median Annual Tax

$2,555

Median Home Value

$325,000

Florida Property Tax Overview

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Key Statistics

Metric	Value (2023 ACS)
Median home value	$325,000
Effective property tax rate*	0.79 %
Median annual property tax	$2,555
Rank among U.S. states/territories (by effective rate)	#25 of 52

*The effective property tax rate is the ratio of the annual tax bill to the home’s market value.

Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).

Example Tax Bills

Home value	Approximate annual tax*
$250,000	$1,966
$500,000	$3,931

*Calculated using the state‑wide average effective rate of 0.79 %. Individual counties may have higher or lower rates, so actual bills can differ.

Comparison to the National Average

National average effective property tax rate (2026): 0.97 %
Florida’s rate: 0.79 %
Difference: Florida’s rate is 18.76 % lower than the national average.

These figures place Florida near the middle of the national distribution (rank #25 of 52).

Reference: Based on the most recent ACS estimates, the United States overall shows a higher effective property tax rate than Florida.

Variation by County

Property tax rates in Florida are set at the local level. Each county (and many municipalities) determines its own millage rates, which are applied to the assessed value of the property. Consequently:

Some counties (e.g., Miami‑Dade, Orange) have rates that exceed the state average.
Rural counties often have rates below the state average.

Prospective homeowners should consult the specific county tax collector’s office or an online property tax estimator for the most accurate projection.

Implications for Retirees and Landlords

Retirees

No state income tax combined with a property tax rate below the national average can make Florida financially attractive for retirees.
However, local variations mean that the overall cost of homeownership still depends on the county of residence.

Landlords

Lower effective property tax rates reduce the operating expenses of rental properties relative to many other states.
Landlords must still account for county‑specific millage rates, special assessments, and any applicable homestead exemptions that may affect net taxable value.

Both groups should consider the total tax burden—including any county or municipal surcharges—when evaluating the affordability of a specific location in Florida.

Frequently Asked Questions

Question	Answer
What is the average effective property tax rate in Florida?	According to U.S. Census Bureau data, the average effective property tax rate is 0.79 %.
How does Florida’s property tax compare to the national average?	Florida’s effective rate of 0.79 % is 18.76 % lower than the national average of 0.97 %.
Do property tax rates vary by county in Florida?	Yes. Each county sets its own millage rates, so the effective tax rate can be higher or lower than the statewide average of 0.79 %.

All monetary figures are expressed in U.S. dollars and are based on the 2023 American Community Survey 5‑year estimates.

Neighboring States

Alabama

Georgia