Taxes

The state of Florida has NO STATE INCOME TAX!

How can I calculate my taxes on a home I purchase?

There are a lot of variables that go into figuring how much tax will be levied against a particular home. The best source of information is the Property appraisers office. I recommend that you call them to get a ballpark figure.

You can contact the Sarasota County Property Appraiser at (941) 951-5650, or the Manatee County Property Appraiser at (941) 748-8208.
That being said, you can calculate a close ballpark tax figure by doing the following:

• If this will be your primary residence, deduct the $50,000 Florida Homestead Exemption from the sale price of your properly.
• Multiply that figure by 1.6%.

The Florida Homestead Exemptin & Save Our Homes Law

What is the Florida Homested Exemption

Click here to find out

Check out MyFlorida to find out what you must do to start saving!