Understanding Property Taxes in Florida - Key Factors and Exemptions

Factors Affecting Property Tax Rates in Florida

When buying a home in Florida, it's important to understand the various factors that can influence property tax rates. One of the main factors is the assessed value of the property, which is determined by the local county property appraiser. The higher the assessed value, the higher the property taxes will be.

Another factor that can impact property tax rates in Florida is the millage rate set by local governments. The millage rate is used to calculate property taxes based on the assessed value of the property. Different counties in Florida may have different millage rates, so it's important to research and compare rates when considering buying a home in a specific area.