Florida

Florida has an effective property tax rate of 0.8%, with a median annual property tax of $2,855. Properties are assessed at 100.0% of market value and reassessed annual (january 1 assessment date). Payments are due annual.

Effective Rate

0.80%

Assessment Ratio

100.0%

Median Annual Tax

$2,855

Payment Frequency

Annual

Appeal Deadline

Within 25 days of TRIM notice (typically mid-August to mid-September) to Value Adjustment Board

Due Dates

Due November 1; delinquent after March 31. Discounts: 4% if paid in November, 3% December, 2% January, 1% February

Reassessment Cycle

Annual (January 1 assessment date)

Homestead Exception

Up to $50,000 ($25,000 applies to all taxes; additional $25,000 for assessed value $50K-$75K, excludes school taxes). Save Our Homes cap limits increases to 3% or CPI.

Key Notes

No state income tax; property tax is major revenue source. Save Our Homes (SOH) amendment caps annual assessment increases at 3% or CPI for homesteaded properties. Portability allows transferring SOH savings to new homestead.

Late Penalty

3% penalty on April 1; additional 1.5% per month interest; tax certificate sale on June 1

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