If you are thinking of relocating to Florida, one of the first questions you are likely to have concerns the property taxes. Having a home is important to all of us, and in the uncertain economic climate we currently find ourselves in, how much we have to pay for that home is more important than ever. Luckily, Florida property taxes are some of the most reasonable in the country.
The median price for a home in Florida is $189,500. In many states that would put your taxes at $2,000 a year or more. However, with the Florida property tax rate sitting at 0.79% of your home’s value, if you owned the average Florida home, your taxes would amount to less than $1,500 annually. For many people, the property taxes on a home can be the difference between comfort and struggling. Florida’s tax rate currently comes in as the 28th highest in the nImage via Wikipediaation, meaning that you pay less per dollar of your home’s value in Florida than you do in over the half the states in America.
On top of the already low property tax rate, if your Florida home is your primary residence you can also claim a homestead exemption to lower your property tax obligations even further. In many cases, the homestead exemption can cut your property tax liability to half, or less, of the stated tax rate.
To learn more about Florida property taxes visit us at Thinkcfcg.com for find out more about the options available to you.