Buying a home in Florida

Property taxes, transfer taxes, home values and first-time buyer help in Florida.

Effective property tax rate

0.76%

Median tax $2,730 ÷ median value $359,000 (ACS 2020–2024)

Typical home value

$375,470

Zillow ZHVI, 2026-08

Transfer & recording taxes Estimate

$2,628

Total on a $375,470 home; buyer’s typical share $0.

How we estimated

$0.70 per $100 (0.7%) documentary stamp tax on the deed (Fla. Stat. §201.02); Miami-Dade is $0.60 per $100 for single-family homes. Customarily paid by the seller. Excludes the 0.35% stamp tax and 0.2% intangible tax on a new mortgage. Sources: FL Dept. of Revenue: Documentary Stamp Tax. Checked 2026-10-15.

Estimated buyer closing costs Estimate

$3,700–$5,400

On a $375,470 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Florida's effective rate of 0.76%, a typical $375,470 home would owe about $2,854/year ($238/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

Florida Housing Finance Corporation

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Florida Housing Finance Corporation →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.