Texas vs Florida Property Tax Comparison

Two popular no-income-tax states with very different property tax systems. Compare rates, exemptions, and total costs to find the best retirement or relocation destination.

Quick Answer

Florida has lower property tax rates (0.91% avg) than Texas (1.81% avg). On a $400,000 home, Florida property taxes average $3,640/year while Texas averages $7,240/year. Both states have no income tax, but Florida's lower property taxes make it more affordable for most homeowners, especially retirees on fixed incomes.

Compare Your Property Tax Bill

$200K$750K$1.5M

TXTexas

Without Exemptions
$7,240/year
$603/month
With $100K Homestead Exemption
$5,430/year
Saves $1,810/year
Average Rate: 1.81%
Homestead Exemption: Up to $100K
Over-65 Exemption: Additional $10K

FLFlorida

Without Exemptions
$3,640/year
$303/month
With $50K Homestead Exemption
$3,185/year
Saves $455/year
Average Rate: 0.91%
Homestead Exemption: $50K
Save Our Homes: 3% annual cap

For a $400,000 home:

Annual Difference
Florida saves $2,245/year
Monthly Savings (FL)
$187/month
10-Year Savings (FL)
$22,450

Best State for Your Situation

Retirees (Age 65+)

Florida Wins
  • ✓ Lower base property tax (0.91% vs 1.81%)
  • ✓ Additional $50K senior exemption
  • ✓ Save Our Homes caps increases at 3%
  • ✓ Warmer climate year-round
  • ✓ No estate tax

Working Families

Florida Wins
  • ✓ Lower property taxes free up income
  • ✓ No income tax (both states)
  • ✓ Better public school funding in many FL counties
  • ✓ Lower overall tax burden

High-Value Homes ($1M+)

Florida Wins
  • ✓ $1M home: FL pays $9,100/yr vs TX $16,290/yr
  • ✓ Save Our Homes protects long-term owners
  • ✓ Portability transfers savings to new home
  • ✓ $7,000+/year savings adds up quickly

Texas Property Taxes

Pros

  • ✓No state income tax
  • ✓$100,000 homestead exemption (larger than FL)
  • ✓Over-65 exemption: additional $10,000
  • ✓10% annual assessment cap for homesteaded properties
  • ✓Lower cost of living in many areas

Cons

  • ✗Highest average property tax rate in U.S. (1.81%)
  • ✗Nearly 2x Florida's property tax rate
  • ✗Some counties exceed 2.5% effective rate
  • ✗Extreme summer heat

Florida Property Taxes

Pros

  • ✓No state income tax
  • ✓Half the property tax rate of Texas (0.91% vs 1.81%)
  • ✓Save Our Homes caps assessment increases at 3%/year
  • ✓Portability allows transferring savings to new home
  • ✓Additional $50K senior exemption (65+)
  • ✓Year-round warm weather

Cons

  • ✗Smaller homestead exemption ($50K vs TX $100K)
  • ✗Higher home insurance costs (hurricanes)
  • ✗Hurricane risk and flood insurance requirements
  • ✗Higher coastal home prices

Real-World Examples

$300,000 Starter Home

Texas (Houston suburbs)
Annual Tax: $5,430
With Homestead: $3,620
Monthly: $302
Florida (Tampa area)
Annual Tax: $2,730
With Homestead: $2,275
Monthly: $190
Florida saves $1,345/year

$500,000 Family Home

Texas (Austin area)
Annual Tax: $9,050
With Homestead: $7,240
Monthly: $603
Florida (Jacksonville)
Annual Tax: $4,550
With Homestead: $4,095
Monthly: $341
Florida saves $3,145/year

$800,000 Retirement Home

Texas (Dallas suburbs)
Annual Tax: $14,480
With Homestead + Over-65: $12,489
Monthly: $1,041
Florida (Naples area)
Annual Tax: $7,280
With Homestead + Senior: $6,825
Monthly: $569
Florida saves $5,664/year

Over 20 years of retirement, Florida saves $113,280 in property taxes!

Retirement Comparison: Texas vs Florida

Both states are popular retirement destinations with no income tax. Here's the full picture:

Total Annual Cost Comparison (Retiree with $50K income, $400K home):

Texas Retirement Costs
Property Tax: $5,430 (with exemptions)
State Income Tax: $0
Homeowners Insurance: ~$2,000
Sales Tax: ~$2,000 (6.25-8.25%)
Total: $9,430/year
Florida Retirement Costs
Property Tax: $2,730 (with exemptions)
State Income Tax: $0
Homeowners Insurance: ~$3,500 (higher due to hurricanes)
Sales Tax: ~$2,100 (6-7.5%)
Total: $8,330/year
Florida saves $1,100/year total despite higher insurance costs

Calculate Texas Property Taxes

Get exact property tax calculations for all 254 Texas counties with homestead and over-65 exemptions.

Texas Calculator

Calculate Florida Property Taxes

Calculate Save Our Homes property taxes for all 67 Florida counties with homestead and senior exemptions.

Florida Calculator

Compare More States

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Sources & Data Verification

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

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.