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.

 

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