Tax Comparison

Comparison of Market and Assessed Values

Comparison of Taxable Values, Ad valorem Taxes and Millage Rates by Taxing Authority

Overall Comparison of Non-Ad Valorem Taxes

¹  Increase for 2025 is limited to 2.90% for Homestead properties and 10.00% for Non-Homestead Properties
    (This Limitation does not apply to any New Construction)

² A = Adopted Millage    P = Proposed Millage  R = Roll Back Millage Rate

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DISCLAIMERS AND GLOSSARY OF TERMS

Disclaimer
The comparison calculator is intended to illustrate the effect millage rates and value changes have on taxes. Official notices such as the Notice of Proposed Property Taxes (Truth in Millage - TRIM) is your legal notification. The property appraiser’s office disclaim liability for any errors, either by omission or commission, regarding this comparison calculator and the comparisons produced by its use

Proposed and Adopted Millage Rates
Until the taxing authorities have concluded their budget hearings and adopted their final millage (tax) rates, the rates used in the comparison calculator will reflect the proposed tax rates.  Upon conclusion of the budget hearings, the final adopted tax rates will be incorporated in this comparison calculator.

Increases in Assessed Values
Since 1994, the assessed values on properties with a Homestead Exemption have increased a maximum of only 3% or the Consumer Price Index (CPI), whichever is lower, each year under a benefit known as Save Our Homes (SOH). As a consequence, even when market values were increasing by double digits, SOH kept assessed values much lower than the market values. As long as the assessed value of your home remains lower than the market value, the SOH law requires the Property Appraiser to re-assess all properties, which have typically increased no more than 3%. For 2011, that increase is the CPI of 1.5%.

Exemption benefits and changes in ownership or use
If you purchase a home after January 1st, you may inherit the previous owner’s Homestead Exemption and assessment limitation for that year. However, the following year the homestead exemption and assessment limitation will be removed, which may result in a higher assessed value.

Non-Ad Valorem Assessments
These are assessments for Special District Services, such as garbage collection, and Community Development Districts (CDDs). They are included in the Tax Comparison Calculator however, they are not affected by changes in value or the millage (tax) rate.

Value Adjustment Board changes
Pending prior year changes pursuant to a Petition may not be reflected on the Tax Comparison Calculator.

Millage (tax) Rates
Millage (tax) rates are determined by taxing authorities, not the Property Appraiser’s Office. In cases where a taxing authority does not set a proposed tax rate, the Property Appraiser is statutorily required to calculate the “Rolled-Back” rate. However, the final tax rates used to calculate tax bills mailed by the Tax Collector in November must be set by the taxing authorities.

Discrepancies
The current years proposed millage rates are being updated to the actual millage rates as the taxing authorities ratify their respective rates. This may cause the amounts reflected on the comparison calculator to change.

Assessed value
The assessed value represents applicable deductions from the market value. These deductions include the Save Our Homes assessment limitation for a property receiving Homestead Exemption and a ten percent (10%) cap for non-homesteaded properties.

Cap Savings
Cap savings is the actual value deducted from the market value of any applicable Save Our Homes assessment limitation and/or ten percent (10%) cap for non-homesteaded properties.

Taxable Value
Taxable value is the assessed value minus all applicable exemptions. Property taxes are levied on taxable values. Not all exemptions and cap benefits apply equally to all taxing authorities, resulting in multiple taxable values.