canadafloridaThe reference manual

Chapter 02 · Topic 02.1 · Property tax

Florida property tax: assessment, millage, payment

The PA sets the value, taxing authorities set millages (15-22 mills typical), the TC bills. TRIM Notice in August, bill in November, 4% discount by November 30. No state property tax.

Published 2026-04-28Last reviewed 2026-04-29Reading time ≈ 12 minAuthor CanadaFlorida Editorial Team

Direct answer · 60-second summary

The 60-second version

Florida property tax is calculated yearly by the county Property Appraiser (PA) based on the property's Just Market Value on January 1. Formula: (Taxable value ÷ 1,000) × millage rate = tax owed. The PA sets the value, taxing authorities (county, city, school board, special districts) set millage rates, and the Tax Collector (TC) bills and collects. Annual TRIM (Truth In Millage) notice mailed in August, final bill in early November, payment due by March 31 of the following year. Early payment discounts: 4% by November 30, 3% in December, 2% in January, 1% in February, 0% in March. Florida has no state property tax — only county, municipal and special district levels.

REFERENCE · ACRONYMS USED IN THIS GUIDE

Acronyms used in this guide

Who does what: PA, TC, taxing authorities

  • County Property Appraiser (PA): determines Just Market Value on January 1, applies exemptions (homestead, veteran, senior, etc.), publishes the assessment roll. Sources: F.S. §192.001, §193.011, §193.052.
  • Taxing authorities: county commission, city council, school board, water management districts, fire districts, CDDs. Each adopts its own millage rate. The sum = total millage applicable.
  • County Tax Collector (TC): issues the bill in November, collects the payment. F.S. §197.122.
  • Florida Department of Revenue (DOR): oversees PAs and TCs, publishes standard guides, certifies tax rolls.

No state-level property tax — local only. Florida funds state spending via the sales tax (6% + local).

How tax is calculated

Four distinct values:

  1. Just Market Value (JMV) = fair market value on January 1. Computed from comparables, replacement cost, or income method (rentals).
  2. Assessed Value (AV) = assessed value. Equal to JMV unless capped by Save Our Homes (SOH, 3%) on homestead, or the 10% cap on non-homestead. See dedicated articles.
  3. Taxable Value (TV) = AV minus applicable exemptions (homestead, veteran, senior, agricultural, etc.).
  4. Property Tax = (TV ÷ 1,000) × total millage.

Worked example (homestead primary residence)

House in Cape Coral, JMV $400,000. AV capped by SOH at $350,000. Homestead: −$51,411 (2026). School TV = 350,000 − 25,000 = $325,000. Non-school TV = 350,000 − 51,411 = $298,589. School millage 6.1 mills, non-school millage 11.2 mills. Total tax ≈ (325 × 6.1) + (298.6 × 11.2) ≈ $1,982 + $3,344 = $5,326 per year.

Millage: composition and cap

One mill = $1 per $1,000 of taxable value. A 18-mill millage = 1.8% of TV. Typical Florida composition:

AuthorityTypical millage
County Commission (general)4 to 8 mills
School Board5 to 7 mills
Municipality (city, if applicable)2 to 7 mills
Water Management District0.1 to 0.4 mill
Fire / EMS / Library / other districtsvaries by county
Typical total15 to 22 mills (1.5–2.2%)

Constitutional cap: 10 mills per non-school authority (F.S. §200.071). Separate school cap. Special districts are not capped at 10 mills.

The TRIM Notice (August): must-read

The TRIM (Truth In Millage) Notice is mailed yearly in August by the PA. It contains:

  • JMV, AV, TV for the current and prior year.
  • Exemptions applied.
  • Proposed millage by each taxing authority.
  • Tax estimate if proposed millage is adopted vs. roll-back rate (rate that would produce the same revenue as last year).
  • Dates of public hearings where final millage is voted.
  • Deadline and procedure to petition the Value Adjustment Board.

The TRIM is not a bill. The bill arrives in early November.

Payment and early discounts

Official schedule (F.S. §197.162):

DeadlineDiscount
November 304% off
December 313%
January 312%
Feb 28/291%
March 310% (full tax, no penalty)
April 1 onwardDelinquent — minimum 3% interest, possible tax certificate
  • Online, check, money order, or wire via the County Tax Collector website.
  • Possibility of quarterly installment plan if requested before April 30 (F.S. §197.222).
  • Delinquency: if unpaid by April 1, the TC may issue a tax certificate to an investor (public auction June 1). The owner keeps the property as long as the certificate is redeemed with interest within 2 years. Beyond that, the certificate holder can apply for a tax deed triggering forced sale.

Canadian-owner specifics

  • A Florida second home owned by a Canadian is not eligible for homestead (homestead requires primary residence and declaration of intent to the PA). See dedicated homestead article.
  • Without homestead, assessed value is capped by the 10% non-homestead cap (F.S. §193.1554, §193.1555) instead of SOH 3%.
  • U.S. property tax paid is generally deductible against rental income reported to IRS (Form 1040-NR or via Canada-US treaty).
  • The tax is not automatically credited in Canada — the property is taxed under CRA rules on net rental income.
  • Many Canadians prefer to pay by November 30 to capture the 4% discount (CAD↔USD spot rate at that date may affect the decision).

Formulaires officiels et pages de référence

Responsabilité du lecteur

Toujours utiliser la dernière version disponible sur le site officiel cité ci-dessous. Les seuils, taux et délais évoluent. CanadaFlorida ne se substitue pas à un professionnel licencié.

Editorial team

CanadaFlorida Editorial Team

Research drawn from primary public sources cited at the bottom of every guide: U.S. and Florida statutes, U.S. and Canadian federal agencies, official Florida county and state authorities, and Canadian provincial bodies where applicable.

Every figure, rate, threshold, and deadline in this guide is drawn from a verifiable primary source listed at the bottom of the page. The article is updated whenever the underlying rules change, with a fresh review date stamped at the top.

Sources and references

Public sources verified as of the last review date (Florida Statutes, Florida Department of Revenue, Citizens, FEMA, DBPR).

  1. Florida Statutes Chapter 192 — General provisions. leg.state.fl.us/§192
  2. F.S. §193.011 — Just market value factors. §193.011
  3. F.S. §197.162 — Discounts. §197.162
  4. F.S. §200.071 — Limitation of millage. §200.071
  5. Florida DOR — Property Tax Oversight. floridarevenue.com/property
  6. DOR Homeowner Guide — What is Millage?. PDF DOR

Disclaimer

This guide is for educational purpose only. Figures, rates, thresholds, timelines and rules are drawn from public sources at the date shown and may change.

For any concrete decision, consult a Florida-licensed attorney, a cross-border tax attorney, or a Florida-licensed insurance broker.