Property Taxes

The residential property tax laws in Florida are written in a way that protects homeowners from huge year to year increases in their taxes when property values rise rapidly. This means it is useless, however, to look at last year's tax records in order to estimate your taxes on a property you are considering buying.

Property taxes in Florida are lower than some states and higher than others. Since the state has no income tax, they need to get revenue from other sources.  A recent article noted that when you include all forms of taxes, on average, Florida takes less than all but about 6 states.

The following formula can be used to roughly estimate residential property taxes.

                                                         Example

Selling Price                         $200,000

Multiply by 92%                   92%                                       

                                                                    $184,000

            Multiply by the Millage rate from below   .0178

Estimated Property Tax              $3275

Add about $500 per year to this estimate if this won't be your "primary" residence.

This is your estimated ANNUAL property tax. For monthly, divide by 12.

2004 Millages 

Clay County                                          .0178

                Green Cove Springs                .0204

                Keystone Heights                    .0198

                Town of Orange Park              .0228 - Note  - Most Orange Park mailing addresses aren't in the town of Orange Park - They use the normal Clay County multiplier.

                Penny Farms                           .0178

Duval County  (Jacksonville)              .0188

                Jacksonville Beach                  .0194

                Atlantic Beach                        .0185

                Neptune Beach                       .0184

                Baldwin                                  .0177

                Beaches hospital                     .0188

Nassau County                                     .0173

                Callahan                                 .0195

                Amelia Island outside city       .0175

                Fernandina & Amelia Isle       .0227

                Hilliard                                   .0170

St. Johns County                                  .0163

                Ponte Vedra Beach                .0167

    Hastings                                 .0231

                St. Augustine                          .0218

                St. Augustine Beach               .0184