Property Tax Calculator
Estimate your Florida property taxes using the local millage rate and the homestead exemption on a primary residence.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
Florida millage rates vary by county and taxing district (often 15–25 mills). The homestead exemption reduces taxable value by up to $50,000 on a primary residence. Estimate only.
Florida property taxes are based on the assessed value of your home and the local millage rate, expressed in mills — dollars of tax per $1,000 of taxable value. Rates differ by county and taxing district.
If the home is your primary residence, the homestead exemption reduces your taxable value by up to $50,000, which lowers your tax bill and caps how fast the assessed value can rise each year.
How to Use This Calculator
- 1
Enter the assessed value of the home, which the county sets and is often near market value.
- 2
Enter the local millage rate; many Florida districts fall between 15 and 25 mills.
- 3
Indicate whether you will claim the homestead exemption as your primary residence.
- 4
Read your estimated annual and monthly property tax.
The Formula & Assumptions
Taxable value =
assessed value − homestead
Annual tax =
taxable value × millage ÷ 1,000
Monthly = annual ÷ 12
Millage is the tax rate per $1,000 of taxable value. An 18-mill rate on a $350,000 taxable value, for example, produces $6,300 in annual tax.
The homestead exemption removes up to $50,000 of taxable value on a primary residence and triggers the Save Our Homes cap, which limits annual assessment increases to 3% or the change in CPI, whichever is lower.
Your county property appraiser sets the assessed value and the taxing authorities set the millage each year, so confirm both for the specific property and district before budgeting.
Frequently Asked Questions
How are Florida property taxes calculated?
They equal your taxable value times the local millage rate divided by 1,000. Taxable value is the assessed value minus any exemptions, such as the homestead exemption on a primary residence.
What is the Florida homestead exemption?
It exempts up to $50,000 of assessed value from taxation on your primary residence and activates the Save Our Homes cap, which limits annual assessment increases to 3% or inflation, whichever is less.
What is a millage rate?
A mill is one dollar of tax per $1,000 of taxable value. The total millage combines county, city, school, and special-district rates, and it varies across Florida, commonly landing between 15 and 25 mills.
Are property taxes included in my mortgage payment?
Usually yes. Most lenders collect one-twelfth of the annual tax each month into an escrow account and pay the county on your behalf, which is why taxes are part of your total monthly payment.
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Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.