Florida vs Ohio
Property Tax Comparison: Florida vs. Ohio
Introduction
Both Florida and Ohio levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Florida’s effective property tax rate is lower than Ohio’s, which results in different annual tax amounts for comparable home values. The following sections present the key metrics side by side, identify which state has the lower rate, and outline the types of taxpayers for whom this comparison is most relevant.
Side‑by‑Side Metrics
| Metric | Florida | Ohio |
|---|---|---|
| Effective property tax rate | 0.79 % | 1.36 % |
| Median home value | $325,000 | $199,200 |
| Median annual property tax | $2,555 | $2,712 |
| Property tax on a $250,000 home | $1,966 | $3,404 |
| Property tax on a $500,000 home | $3,931 | $6,807 |
| Median household income | $71,711 | $69,680 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which State Wins on Property Tax?
- Winner (lower effective rate): Florida (0.79 % vs. 1.36 %).
- Rate difference: 0.58 percentage points, which is a 42.25 % lower rate in Florida relative to Ohio.
- Annual tax difference on a $250,000 home: $3,404 − $1,966 = $1,438.
- Annual tax difference on a $500,000 home: $6,807 − $3,931 = $2,876.
Because the effective property tax rate is the primary driver of the amounts shown, Florida consistently yields lower annual property tax bills for the same home value.
Who Benefits Most from This Comparison?
| Audience | Relevance |
|---|---|
| Current or prospective homeowners | Understanding the ongoing tax cost of owning a home in each state helps in budgeting and long‑term financial planning. |
| Retirees considering relocation | Property tax levels affect net disposable income in retirement; lower rates may make Florida more attractive for those on fixed incomes. |
| Real‑estate investors | Investors can compare after‑tax cash flow prospects for similar properties across the two states. |
| Policy analysts and local officials | The data provide a baseline for evaluating the impact of tax policy differences on household finances. |
The comparison does not account for other tax categories (e.g., income or sales tax), local variations within each state, or non‑tax factors such as climate, cost of living, or public services. Users should incorporate those elements when making comprehensive decisions.
Further Reading
- Detailed information on Florida’s property tax system: Florida property tax
- Detailed information on Ohio’s property tax system: Ohio property tax
Based on the most recent ACS estimates, the figures above reflect statewide averages and median values.
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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.