Florida vs Indiana
Property‑Tax Comparison: Florida vs. Indiana
Introduction
Both Florida and Indiana levy property taxes that fund local services such as schools, public safety, and infrastructure. The two states differ in median home values, effective tax rates, and the resulting annual tax payments. The figures below are taken from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Side‑by‑side comparison
| Metric | Florida | Indiana |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 0.74 % |
| Median home value | $325,000 | $201,600 |
| Median annual property tax | $2,555 | $1,496 |
| Tax on a $250,000 home | $1,966 | $1,855 |
| Tax on a $500,000 home | $3,931 | $3,711 |
| Median household income | $71,711 | $70,051 |
Data source: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which state has the lower property‑tax burden?
- Winner (lower tax rate): Indiana – its effective property‑tax rate of 0.74 % is 0.04 percentage points lower than Florida’s 0.79 %.
- Rate difference: 0.04 % (a 5.61 % relative difference).
- Annual tax difference on a $250,000 home: $111 less in Indiana.
- Annual tax difference on a $500,000 home: $220 less in Indiana.
Because the tax rate is the primary driver of the annual amount owed, Indiana’s lower rate results in a modestly lower property‑tax bill for comparable home values.
Who benefits most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current homeowners | Understanding how much they would pay if they moved between the two states, given their home’s assessed value. |
| Prospective homebuyers | Ability to estimate future property‑tax costs when evaluating homes priced around $250 k or $500 k. |
| Retirees | Property‑tax level influences overall cost of living; a lower rate may make Indiana relatively more affordable for fixed‑income budgets. |
| Real‑estate investors | Tax rate differences affect cash‑flow projections for rental or resale properties. |
| Policy analysts | The data illustrate how state‑level tax structures interact with median home values and household incomes. |
The comparison is factual and does not imply that one state is universally “better” than the other; it simply shows that, based on the most recent ACS estimates, Indiana imposes a slightly lower property‑tax rate than Florida.
Related links
- Detailed information on Florida’s property‑tax system: Florida property tax
- Detailed information on Indiana’s property‑tax system: Indiana property tax
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates).
All figures are presented as reported by the ACS; local assessment practices and exemptions may cause actual tax bills to vary.
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Discover how property taxes compare across all states in our comprehensive comparison guide.
Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.