As you may know, Florida is a popular destination for retirement because it has no state income tax, but unless you plan on renting all throughout your retirement, you won’t be able to escape paying property taxes.
In light of today being Tax Day, I thought I’d take a look at the Florida Counties with the highest and lowest property tax rates.
Now keep in mind, property taxes often don’t tell the whole story about how expensive or inexpensive an area will be to live in.
Depending on which community you purchase a home in, you might be subject to other fees (such as CDD’s) which do not figure into the property tax millage rates above. So, its wise to take all factors into account when making your final purchase decision.
Onward to the data.
10 Florida Counties With the LOWEST Property Tax Rates
Walton – 9.7536
Monroe – 10.1257
Collier – 11.7923
Bay – 12.1271
Franklin – 12.9457
Okaloosa – 13.4039
Sumter – 13.5546
Santa Rosa – 14.4789
Jackson – 14.5345
Sarasota – 14.5627
10 Florida Counties With the HIGHEST Property Tax Rates
Alachua – 23.442
Volusia – 23.2216 (Ugh…this is where I live)
St. Lucie – 22.7249
Dixie – 21.9206
Broward – 21.0593
Pinellas – 21.0416
Hendry – 20.8776
Hillsborough – 20.7007
Palm Beach – 20.5622
Miami-Dade – 20.1139
*This data is from January 2013.
For visual reference here’s a map of where each Florida County is located:
The tax rates above are what are called “millage rates”. The millage rate is expressed as “mils per thousand.” For example if the millage rate is “23.2216”, then you will pay approximately $23.22 per $1,000 of assessed value.
(Learn more in my Guide to Florida Real Estate Taxes.)
On the bright side, Florida does offer some property tax relief in the form of Homestead Exemptions which can help quite a bit if you qualify for them.
If you’re interested you can pour through all the data yourself at the Florida Department of Revenue’s Property Tax Data Portal.
There’s enough spreadsheets there to keep any Excel junkie happy for days