Tax Calculator

REVISED:
You may want to recalculate your estimated property taxes under the plan approved by the legislature. The portability provision of the property tax plan applies to all levies, including schools. Our original calculations excluded schools.

Get assessed value from county appraiser's office
Please do not add $ signs or commas

Just (Market) Value:
Assessed Value Of Home:

Results: If You Don't Move

	New Taxable Value	Estimated Taxes
With Current Homestead Exemption	0	0
With New Homestead Exemption	0	0

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If Moving To A New Home

Existing Home's Just (Market) Value:
Assessed Value:
Sale Price Of New Home:

Results: If Moving

	New Taxable Value	Estimated Taxes
Your new home taxes will be:	0	0
New Save Our Homes Benefit	0

The Tampa Tribune

Sample Ballot | Back To Property Tax Page

To compute tax bills, we used a tax rate of 20 “mills,” with a “mill” being a charge of $1 in taxes per $1,000 in value. The aggregate tax rate in Hillsborough – the combination of tax rates for city, county, and special taxing districts such as water or library districts – varies around the county, but is close to 20 mills or $20 per $1,000 of value. In the legislation, school districts are exempt from the tax cuts.

But to protect education, many of the provisions of the new legislation exempt school districts from the new cutbacks. So our calculations of your tax bill adds back the amount of money that would have been generated by school taxes.

Under the proposed legislation, when a homeowner buys a home of the same or higher value, the full Save Our Homes benefit is portable. When the homeowner downgrades, the amount transferred is proportional. The benefit will remain the same percentage of market value of the new house as it was on the old house, even though it might not be as high a dollar figure.

Formula Used

Current Save Our Homes Benefit = Just (Market) Value - Assessed Value
Current Taxable Value = Assessed Value - $25,000
Current Estimated Taxes = Current Taxable Value x .02
{.02 is the estimated tax rate}

If you don't move

New Estimated Taxes = [(Assessed Value - $50,000) x .02] + $187.50

If you move to a more expensive home:

New Taxable Value = (Sale Price of New Home - Save Our Home Benefit) - $50,000
New Estimated Taxes = (New Taxable Value x .02) + 187.50

If you move to a less expensive home:

Save Our Home Benefit For New Home = (Old Save Our Home Benefit/Old Home value) x Sale Price Of New Home
New Taxable Value = Sale Price Of New Home - Save Our Home Benefit for new home - $50,000
Estimated Taxes = (New Taxable Value x .02) + $187.50

County Appraiser's Web Sites

Hillsborough: http://www.hcpafl.org/www/index.shtml
Pasco: http://appraiser.pascogov.com/
Pinellas: http://www.pcpao.org/
Polk: http://www.polkpa.org/
Sarasota: http://www.sarasotaproperty.net/
Manatee: http://www.manateepao.com/
Hernando: http://www.co.hernando.fl.us/pa/
Citrus: http://www.pa.citrus.fl.us/
Highlands: http://www.appraiser.co.highlands.fl.us/index.shtml