Tax Rate for Properties in Florida
The tax rate or millage rate for each County in Florida
varies. This can be found by going to
the Tax Collector website for the county you are inquiring about. The
millage rate is used to calculate the taxes which is based on the assessed
value of the home which is determined by the Property Appraiser.
For reference, here is a tax bill from the Hillsborough
Tax Collector for a property to show how the tax bill is calculated:
Hillsborough County is currently 19.3131.
The
Total Millage rate is: 19.3131 and is calculated based on the homes
assessed value of $251,152. The Ad Valorem Taxes are based on the on the
millage rate or tax rate. The Non-Ad Valorem Assessments are fees charged
to all residents of Hillsborough County are not based on the millage
rate.
Each
County sets their own millage rate or tax rate which can be found on the Tax
Collector website for that County. When
looking up information for a client, be sure to check the current millage
rate. Also, the tax bill the current
owner is paying may be different when a buyer purchases the home and should be
made aware of this.
Related Articles
What is the Licensing Information for Florida Agents?
Dalton Wade, Inc. Firm License #: CQ1047837 Office Address: 260 1st Ave S, Ste 200 St. Petersburg, FL 33701 Managing Broker: Phillip Wade – License # BK3314021
Florida Realtors NAR Update
Hi there, Our industry is always evolving and with national news of some MLSs changing the way brokers do business, it is more important than ever that all Realtors have all the tools and knowledge possible to do business successfully. Here is the ...
Florida Realtors New Forms: Compensation forms
Hi there, Here is a comprehensive list of the new/updated compensation forms and when to use them. Click the link next to each document to preview it and see the redline version. Compensation forms Released August 16, 2024 Compensation ...
Florida Realtors Legal Hotline Answers Your Questions for FREE
Florida Realtors Legal Hotline Answers Your Questions for FREE As a Realtor, you're bound to have questions on everything from license law to contracts. Our Legal Hotline attorneys are ready to answer them. The Florida Realtors Legal Hotline is a ...
Florida Realtors Tech Helpline Offers Free Support to Members
Florida Realtors Tech Helpline Offers Free Support to Members Everyone has tech troubles from time to time. Our experts are here to help you with everything from software upgrades to diagnosing computers. Need help setting up a new printer or ...