USUSAFlorida Property Tax & Homestead ExemptionFinance & Salary

Florida Property Tax & $50,000 Homestead Exemption Calculator

Calculate annual Florida county property taxes with the statutory $50,000 Homestead Exemption and the Save Our Homes (SOH) 3% annual assessment cap on primary residences.

Calculator Inputs

Live Real-Time
$
Quick select:
1.15 %
0.5 %2.5 %
Calculated ResultFlorida Property Tax & Homestead Exemption

Estimated Annual Florida Property Tax

$4,312.5

Monthly Property Tax Escrow Payment

$359.38

Annual Savings from Homestead Exemption

$575

Detailed Calculation Breakdown

Assessed Value
$425,000
Homestead Exemption
$50,000
Net Taxable Value
$375,000
Annual Tax
$4,312.5

Calculation Methodology

Taxable Value = Assessed Market Value - Homestead Exemption ($50,000 max for values over $75k). Annual Property Tax = (Taxable Value * Millage Rate) / 1000.

Important Legal & Educational Disclaimer

Florida has 0% state personal income tax. Average county property tax rates range from 0.85% to 1.35% of assessed value.

This calculator is designed for educational and informational purposes only based on public statutory frameworks. The outputs do not constitute binding financial, tax, or legal advice. We assume no liability for decisions made based on these estimations. Always verify with the relevant official authorities or a certified professional advisor.

Frequently Asked Questions

The first $25,000 applies to all taxing authorities including school districts. The second $25,000 applies to assessed value between $50k and $75k for non-school county/city levies.
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