How Are Property Taxes Calculated in Florida?

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    Assessed Value

    Exemptions

    • Each exemption for which you qualify will lower the amount of property taxes you end up paying on your property. Florida's most well-known is the Homestead Exemption, worth up to $50,000 on the one property where a Florida resident actually lives. Other exemptions exist for widows and widowers, disabled veterans, seniors and blind individuals, to name a few.

      Once you've subtracted all the applicable exemptions from the total assessed value of your property, you have what's called the "taxable value." From this dollar amount, you can start calculating what you owe.

    Millage Rate

    Local Governments

    • Different governing bodies will levy different millage rates.gavel image by Cora Reed from Fotolia.com

      It's important to note that you will pay property taxes to each governing authority under which you live, each with its own millage rate. Your county government and school district will likely levy the largest millage rates. If you live within city limits, you'll pay a separate city property tax. Other potential taxing entities include special developments or districts, a dedicated EMS service tax and your respective water management district.

      Multiply your taxable value by each millage rate, and add the totals together to determine your total property tax liability for the year.

    Local Resources

    • Your county property appraiser can provide you with the annual millage rates that apply to your property. Many county offices have websites with a search application where you can look up a property's assessed value, exemptions associated with it and other pertinent facts (see Resources). Otherwise, call or visit your local office.

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