Florida Property Tax Calculator
See what your tax bill actually becomes after closing — not what the seller has been paying.
What This Calculator Does
Enter the purchase price, your homestead status, and the millage that applies to the address, and the calculator projects the assessment reset that follows a sale. Florida reassesses property at market value on the January 1 after a transfer, so the number you should budget is built on your price rather than on the seller's capped assessed value.
Who Is This For
Buyers who saw the current tax figure on a listing and assumed it would carry over, homeowners moving within Florida who want to see what portability preserves, and out-of-state purchasers pricing the true carrying cost of a Miami property.
How It Works
Enter the purchase price, choose whether the property will be your homestead, and add the millage rate for the taxing authorities that cover the address. The calculator shows the projected assessed value after reset, the exemptions applied, and the estimated annual tax.
Frequently Asked Questions
Why is the seller's tax bill lower than mine will be?
Because Save Our Homes capped their assessed value for as long as they held the homestead, while your assessment resets to market value on the January 1 following the sale. On a property held for many years the gap between assessed and market value can be very large, and it disappears the moment ownership changes. Treat the tax figure on the listing as history, not as a forecast.
How much is the homestead exemption?
For 2026 the standard homestead exemption totals $51,411. The first tier applies to all taxing authorities; the second tier is indexed to CPI each year and does not apply to school district levies, which is why the exemption cuts your school taxes by less than the headline number suggests.
What is the Save Our Homes cap?
Once homestead is in place, the annual increase in your assessed value is limited to 3% or the change in the Consumer Price Index, whichever is lower. The cap protects you going forward from your own reset assessment; it does not travel with the house to the next buyer.
Can I bring my old assessment with me?
Partly. Portability lets you transfer accumulated Save Our Homes benefit — the difference between market and assessed value — up to $500,000 to a new Florida homestead. You have to file for it, and the deadline is tied to the homestead application, so raise it before your first January in the new home.
What if the property is not my homestead?
Second homes, rentals, and investment property get no homestead exemption and no Save Our Homes cap. They are covered instead by a 10% annual cap on assessed value increases for non-school levies, which is a much weaker protection and can still leave you with sharp jumps.
Is the homestead exemption going up?
A constitutional amendment that would raise the homestead exemption is on the November 3, 2026 ballot. It is not current law, and this calculator applies the rules in force today. Do not build a purchase budget on a ballot measure that has not passed.