How the Property Tax Calculator Works

It estimates your annual and monthly property tax based on the home's assessed value, the local millage rate, and any exemptions you qualify for.

How It Works, Step by Step

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.

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.

Want the underlying math? See the property tax formula page, or open the calculator to try it with your own figures.