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State Real Estate Taxes: Florida in Middle of the Pack

Posted by Benjamin Dona on Tuesday, October 5th, 2010 at 3:45pm.

Florida Real Estate TaxesThe Tax Foundation has created a state by state comparison of property taxes using 2009 U.S. Census data. The review utilized 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 right in the middle. New Jersey came in at No. 1 and Louisiana finished at No. 50.

Based on the three criteria, the study found the following results:

  • The median property tax paid on a home in Florida was $1,773.00, ranking it at No. 23. New Jersey homeowners paid $6,579.00; in Louisiana, the median homeowner paid only $243.00. The median property tax paid nationwide was $1,917.00.
  • 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.
  • Using a percentage of homeowner's income, Florida ranked No. 18 based on a median of $53,595.00 per household. New Jersey's median income was $88,343.00, while Louisiana homeowners made $50,545.00. The national median income was $63,306.00.

To read the complete report, visit the Tax Foundation's review at: Tax Foundation - New Census Data on Property Taxes on Homeowners

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About the Author

Gulf Coast Associates, RealtorsBenjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.

Contact Benjamin Dona at 239-948-3955


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4 Responses to "State Real Estate Taxes: Florida in Middle of the Pack"

Steve in Mesa wrote:
It's really interesting to see how the numbers vary state to state. Arizona is similar to Florida in its middle stance. Thanks for posting this!

Posted on Friday, October 8th, 2010 at 2:04pm.

Benjamin wrote:
Yes, I found it pretty interesting too.

Guess we don't really have too much to complain about considering some of the other areas around the country.

Posted on Saturday, October 9th, 2010 at 1:45pm.

Jonathan in Chicago wrote:
Looks like New Jersey is on top this time. It's great that the Tax Foundation has given us a way to see the real estate tax status of every state. Thanks for sharing.

Posted on Wednesday, October 13th, 2010 at 12:20am.

Alicia wrote:
Excellent move. This kind of information is absolutely very helpful both for investors and the community. I don’t like numbers a lot, but information such as this is always nice to learn.

Posted on Friday, October 15th, 2010 at 4:42am.



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