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
Assessed Value Breakdown
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.
These figures are estimates. For neutral, official guidance on mortgage costs and what lenders can charge, see the CFPB's Owning a Home guide.
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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It estimates your annual and monthly property tax. The result is based on the home's assessed value, the local millage rate, and any exemptions you qualify for.
Property Tax Calculator in Florida
Florida's homestead exemption removes up to $50,000 from the taxable value of a primary residence, and the Save Our Homes cap limits how fast assessed value can rise each year. Millage rates vary widely by county and city, so the same home can carry very different tax bills across Florida.
How the Property Tax Calculator Works
The calculator subtracts exemptions from the assessed value to get the taxable value, multiplies by the millage rate to find the annual tax, and divides by twelve for the monthly escrow figure.
The Property Tax Formula, Explained
Annual tax = (assessed value − exemptions) × millage rate
Property tax is the assessed value times a local rate, often quoted in mills (dollars per thousand of value). Exemptions reduce the taxable value before the rate is applied, lowering the bill.
The monthly figure matters for your mortgage because lenders collect property tax in escrow as part of your payment. The calculator gives both the annual bill and the monthly escrow amount.
The Complete Property Tax Calculator Guide
Property tax is the steadiest part of your housing cost and the easiest to forecast. It is the assessed value times a local millage rate, minus exemptions, and in Florida the exemptions can make a real dent.
The homestead exemption is the big one: claim it on your primary residence and up to $50,000 comes off the taxable value. The Save Our Homes provision then caps how fast your assessment can climb, protecting long-term owners from rapid increases.
Because rates differ by county and city, always check the local millage before you buy. A home that fits your budget in one county can carry a meaningfully higher tax bill a few miles away in another jurisdiction.
Property Tax Calculator FAQ
How does the Florida homestead exemption work?
It removes up to $50,000 from the taxable value of your primary residence and qualifies you for the Save Our Homes cap, which limits annual increases in assessed value. You must apply and the home must be your permanent residence.
Why is my tax estimate different from the seller's?
When a home sells, it is often reassessed at the new market value, and the prior owner's exemptions and Save Our Homes cap do not carry over. Your bill can be higher than the seller paid.