Florida Taxes

Fla. property taxes not high, not low
WASHINGTON – Oct. 4, 2010 – Using 2009 U.S. Census data, the nonprofit Tax Foundation created a state-by-state comparison of property taxes using three criteria: median property tax paid, property tax as percentage of a home’s worth, and property tax as a percentage of median income. In all three comparisons, Florida ranked around the middle, New Jersey came in at No. 1 for most expensive, and Louisiana finished at No. 50.

The median property tax paid on a home in Florida was $1,773, which puts the state at No. 23 in the state-by-state comparison. New Jersey ranked No. 1 with the median homeowner paying $6,579; in No. 50, Louisiana, the median homeowner shelled out only $243. The median property tax nationwide was $1,917.

As a percentage of the home’s value, Florida ranked No. 22 based on a median home price of $182,400. New Jersey again ranked No. 1 based on a median price of $348,300, while Louisiana’s median home value was $135,400. The national median home value used for the study was $185,200.

As a percentage of homeowner’s income, Florida ranked No. 18 based on a median of $53,595 per household. New Jersey’s median income hit $88,343, while Louisiana homeowners made $50,545. The national median income was $63,306.

To read the complete report, visit the Tax Foundation’s website at: taxfoundation.orgl

© 2010 Florida Realtors®

Please contact us, Marie Avery and Terri Ayers, at 941-358-1818, if you have any questions about our Florida Real Estate market.

About Marie Avery


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