Florida vs Vermont
Property‑Tax Comparison: Florida vs. Vermont
Overview
Both Florida and Vermont 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 substantially lower than Vermont’s. The difference affects homeowners, retirees, and other property owners who base purchasing decisions on annual tax costs.
Side‑by‑Side Metrics
| Metric | Florida | Vermont |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 1.71 % |
| Median home value | $325,000 | $290,500 |
| Median annual property tax | $2,555 | $4,956 |
| Tax on a $250,000 home | $1,966 | $4,265 |
| Tax on a $500,000 home | $3,931 | $8,530 |
| Median household income | $71,711 | $78,024 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which State Has the Lower Tax Burden?
Winner: Florida – it has the lower effective property‑tax rate (0.79 % vs. 1.71 %).
Rate difference: 0.92 percentage points, which represents a 53.92 % lower rate than Vermont’s.
Annual tax difference on typical home values
| Home value | Florida tax | Vermont tax | Difference (Vermont – Florida) |
|---|---|---|---|
| $250,000 | $1,966 | $4,265 | $2,299 |
| $500,000 | $3,931 | $8,530 | $4,599 |
Because the effective rate in Florida is roughly half that of Vermont, property owners in Florida pay significantly less each year for comparable home values.
Who Is This Comparison Most Relevant For?
| Audience | Relevance |
|---|---|
| Current or prospective homeowners | Directly impacts the cost of owning a home; lower annual taxes improve cash flow. |
| Retirees | Fixed‑income households benefit from reduced tax obligations, especially in states with no income tax like Florida. |
| Real‑estate investors | Property‑tax expense is a key component of net operating income; a lower rate improves investment returns. |
| Policy analysts & local officials | Highlights the fiscal disparity between the two states, useful for benchmarking. |
The data are purely quantitative; they do not account for other cost‑of‑living factors, state income taxes, or variations in local assessment practices.
Further Reading
- Detailed information on Florida’s property‑tax system: Florida property tax
- Detailed information on Vermont’s property‑tax system: Vermont property tax
Based on the most recent ACS estimates, Florida’s property‑tax burden is lower than Vermont’s across all listed metrics.
Explore More Comparisons
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.