Free educational cost guide

Florida Property Tax and First Year Cost Estimator

If you are moving to Florida from another state, the purchase price is only part of the picture. Use your own figures to get a plain, early estimate of property tax and first year carrying costs for a home in Lake, Sumter, or Marion County, including homes in and around The Villages.

Last updated: October 2026. Information only. Your numbers stay in your browser and are not sent anywhere.

Enter your own figures

Fill in what you know and leave the rest blank. The results on this page update as you type. Blank amounts count as zero.

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The price you expect to pay, or the price of a home you are comparing.

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This starts out matching the purchase price above, and you can change it. The assessed value is set by the county property appraiser and often differs from the purchase price. A new sale often leads to a fresh value as of January 1 after the sale, so do not rely on the tax history shown for a prior owner.

Homestead exemption

Homestead generally applies when the home is your permanent residence on January 1 and you apply with the county property appraiser by March 1. If you are not sure yet, try both settings and compare.

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Add the dollar amount of any other value based exemptions you expect, beyond homestead. Leave this at zero if none apply or if you are not sure.

Where to find it: Look on your TRIM notice, which the property appraiser mails in August, or on your tax bill from the county tax collector. Add up the millage rates for each taxing authority listed for the home, or use the total shown on that notice or bill. You can also look up a specific home on the county property appraiser site. A mill is $1 of tax for every $1,000 of taxable value.

Example only: If a notice showed a total of 15.0000 mills, you would type 15. That number is only an example to show the format. It is not a rate for any county or home, so please enter the rate from your own notice or bill.

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Use a quote or a careful early guess for one year of homeowner insurance. Florida costs vary a lot by home, roof, and location.

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Some newer communities charge an annual amount for bond repayment and maintenance, often through a community development district or a similar district. It may appear on the tax bill as a non ad valorem assessment, or it may be billed separately. Use the figure for the specific home, if it has one.

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A monthly amenity fee, HOA fee, or similar recurring community fee for the specific home, if it has one. The results multiply this by 12 for the yearly total.

Your estimate

These figures update live from the numbers you entered. They are a starting point for budgeting, not a bill.

Estimated taxable value$0.00
Estimated annual property tax$0.00
Estimated monthly property tax$0.00
Homestead exemption used here$0.00
First year carrying cost total$0.00 per year$0.00 per month

First year carrying cost summary

CostPer yearPer month
Estimated property tax$0.00$0.00
Homeowner insurance$0.00$0.00
CDD or bond and maintenance assessment$0.00$0.00
Amenity or HOA fees (monthly fee times 12)$0.00$0.00
Total first year carrying cost in this estimate$0.00$0.00

This total does not include a mortgage payment, utilities, maintenance, flood insurance, or other ownership costs. Add those separately for a fuller monthly picture.

How the homestead math works here, in plain terms. If you select homestead, this tool takes the first $25,000 off the assessed value, plus up to another $25,000 for assessed value above $50,000. It then takes off any other exemptions you entered. What is left is the estimated taxable value, and the tax is that value times your millage rate divided by 1,000.

Why this is a simplified estimate. The second $25,000 does not apply to school taxes, so a real bill splits school and non school taxes and can come out different from the single rate math used here. The actual bill will vary. Exemption amounts can also be adjusted over time, and assessed value, millage rates, and assessments change.

Please note: This tool is an estimate only. It is not tax or financial advice. Check the county property appraiser and tax collector for your county, and your own TRIM notice and tax bill, for exact figures. Rules, rates, exemption amounts, fees, and deadlines change, and every home is different.

A warm welcome, and a little homework

Many buyers arriving from the North are used to very different tax bills and closing costs. Florida has no state personal income tax, but property tax, insurance, and community assessments still need a place in the monthly budget. Running a rough number early, before you fall in love with a home, can make the first year feel calmer and more predictable.

Try a few homes side by side. Keep the insurance and fee figures honest, and use the millage rate from the notice or bill for that home rather than a general average.

What to check for a specific home

  • The assessed value and exemptions on the county property appraiser record for that home.
  • The total millage rate and any non ad valorem assessments on the TRIM notice or the most recent tax bill.
  • Whether a CDD or bond and maintenance assessment applies, and whether any bond amount changes over time.
  • The current monthly amenity or HOA fee, and what it covers.
  • A homeowner insurance quote for that home, and whether flood insurance is needed or wanted.
  • Whether you will own and live in the home on January 1, so you can plan the homestead filing by March 1.

Related guides

Estimate only

This estimator gives a simplified early estimate only. It is not a tax bill and it is not tax or financial advice. Check your TRIM notice, tax bill, and county property appraiser and tax collector for exact figures for a specific home.