Florida Mortgage Calculator
Calculate your monthly payment in Florida, with property tax included using the state's effective rate of 0.76%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Florida: the numbers
At 0.76%, Florida comes in under the 0.92% national average (17% lower). By rate, Florida ranks 28th out of 50 when states are ordered from highest rate to lowest.
The median home value in Florida is $359,000, and the median annual property tax bill is $2,730. Spread over twelve months, that is about $228 a month in property tax for a median-priced home.
| Effective property tax rate | 0.76% |
|---|---|
| Median home value | $359,000 |
| Median annual property tax | $2,730 |
| Rank by rate (1 = highest of 50) | 28 |
| Difference vs 0.92% national average | 0.16 points below (17% below) |
What this means for your monthly payment
Two worked examples for Florida, using the figures above:
Example 1: the median home
$2,730 per year ÷ 12 = about $228 per month in property tax (median home value: $359,000).
Example 2: a $300,000 home
$300,000 × 0.76% ÷ 12 = about $190 per month, or $2,280 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Florida it is about $2,280, which is $480 less per year (about $40 less per month).
Compare with similar states
States ranked just above and just below Florida by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Missouri — 0.85% (rank 23)
- Washington — 0.81% (rank 24)
- Oregon — 0.81% (rank 24)
- Oklahoma — 0.80% (rank 26)
- Georgia — 0.77% (rank 27)
Ranked just below (lower rate)
- Kentucky — 0.75% (rank 29)
- Indiana — 0.74% (rank 30)
- Virginia — 0.73% (rank 31)
- Montana — 0.72% (rank 32)
- Mississippi — 0.72% (rank 32)
Florida property tax FAQ
What is the property tax rate in Florida?
The effective property tax rate in Florida is 0.76%. That is 17% below the 0.92% national average, and the state ranks 28th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Florida?
At Florida's effective rate of 0.76%, property tax on a $300,000 home works out to about $2,280 per year, or about $190 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Florida is about $480 less per year.
How much is property tax on the median home in Florida?
The median home value in Florida is $359,000, and the median annual property tax is $2,730, which is about $228 per month.
Does the property tax rate vary inside Florida?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.76% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.