Florida vs New York Property Tax Comparison

Two states, two very different tax systems. Compare property taxes and total tax burden to see which state saves you more.

Quick Answer

Florida has lower property tax rates (0.91%) than New York (1.23%), and Florida has no state income tax while New York's ranges from 4-10.9%. Florida therefore wins on both counts. For a household earning $150K with a $500,000 home, Florida saves roughly $13,455/year in total taxes.

Property Tax Comparison

Home Value: $500,000

Florida

$4,095/year

With $50K Homestead (saves $455/year)

Rate: 0.91% | No Income Tax

New York

$5,300/year

With STAR Exemption (~$850 savings)

Rate: 1.23% | Income Tax: 4-10.9%

Total Tax Burden: The Complete Picture

Household earning $150,000/year with $500,000 home:

Florida Total

Property Tax: $4,095

Income Tax: $0

Sales Tax: ~$3,750

Total: $7,845/year

New York Total

Property Tax: $5,300

Income Tax: ~$13,000

Sales Tax: ~$3,000

Total: $21,300/year

Florida saves ~$13,455/year in total taxes

Calculate Florida Property Taxes

Get exact calculations for all 67 Florida counties with homestead and Save Our Homes benefits.

Florida Calculator

Calculate New York Property Taxes

Calculate property taxes for all 62 New York counties with STAR and senior exemptions.

New York Calculator

Compare More States

Texas vs California →Texas vs Florida →Florida vs New York →

Sources & Data Verification

All data on this page is sourced from official government sources and verified as of 2025:

Florida Property Tax Rate (0.91% average): Florida Department of Revenue,Property Tax Overview
Florida Homestead Exemption ($50,000): Florida Constitution Article VII, Section 6;Florida DOR Homestead Exemption Guide
Florida Save Our Homes (3% cap): Florida Statutes Section 193.155;Florida DOR Save Our Homes Information
Florida Portability: Florida Statutes Section 193.155(8);Florida DOR Portability Guide
New York Property Tax Rate (1.23% average): New York State Department of Taxation and Finance,Property Tax Statistics
New York STAR Exemption: New York Real Property Tax Law Section 425;NYS Tax Department STAR Program
New York State Income Tax (4-10.9%): New York State Department of Taxation and Finance,Tax Rates and Tables

Disclaimer: Tax rates and regulations are subject to change. Always verify current rates with your local tax assessor's office. This comparison is for informational purposes and should not be considered tax or financial advice.

Important Disclaimer

This information is for educational purposes only and should not be considered tax, legal, or financial advice. Property tax rates, rules, and exemptions change frequently. Always verify current information with your local tax assessor or consult a qualified professional before making decisions.