Florida vs Texas
Property‑tax comparison – Florida vs. Texas
Intro
Both Florida and Texas rely heavily on local property taxes to fund schools, roads, and other services. According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Florida’s effective property‑tax rate is roughly half of Texas’s. The difference in rates translates into lower annual property‑tax bills for comparable home values in Florida.
Side‑by‑side metrics
| Metric (2023 ACS) | Florida | Texas |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 1.58 % |
| Median home value | $325,000 | $260,400 |
| Median annual property tax | $2,555 | $4,111 |
| Property tax on a $250,000 home | $1,966 | $3,947 |
| Property tax on a $500,000 home | $3,931 | $7,893 |
| Median household income | $71,711 | $76,292 |
| Internal link | Florida property tax | Texas property tax |
Who “wins” on property taxes?
Winner (lower tax rate): Florida
- Tax‑rate difference: 0.79 percentage points, which is a 50.20 % lower rate than Texas’s 1.58 % (based on the rates above).
- Annual tax difference on a $250k home: $1,981 less in Florida.
- Annual tax difference on a $500k home: $3,962 less in Florida.
Because the effective rate is lower, homeowners with comparable property values will pay less each year in Florida than in Texas.
Which buyers or residents might find the comparison most relevant?
| Audience | Relevance of the data |
|---|---|
| Current or prospective homeowners | Directly see the impact of the tax rate on annual cash outlay for a given home price. |
| Retirees | Lower property taxes can reduce fixed‑income expenses, especially when combined with Florida’s lack of state income tax. |
| Real‑estate investors | Property‑tax burden influences net operating income and overall return on investment. |
| Relocating families | The median household‑income figures help gauge the affordability of each market relative to tax costs. |
The comparison is factual and does not incorporate other cost‑of‑living factors such as sales tax, insurance, or utility rates. Decision‑makers should consider the full tax environment and personal circumstances when evaluating which state better meets their financial goals.
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates). Calculations are based on the effective property‑tax rates reported in that dataset.
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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.