What Is Property Tax in Florida?


Quick Answer

As of 2015, the median yearly property tax in Florida is $1,773 for a median home worth $182,400. The yearly property tax is an average of 0.97 percent of a property's assessed fair market value.

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Full Answer

Since each county in Florida is responsible for collecting property taxes, property taxes are assessed at a county level instead of at the state level. Because of this, there is no uniform property tax rate that applies to the whole state. The median income in Florida is $53,595 a year as of 2015, so 3.31 percent is the median percentage of a Florida resident's yearly income that is paid to property taxes.

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