Florida Specific

Florida Tax Prorations Calculator

Calculate the seller's prorated property tax credit at closing. Florida taxes are paid in arrears — understand exactly what you owe.

Closing Details

Closing Date

Annual Property Tax

Who Pays / Credits

Tax Proration Results

Closing: June 8, 2026 · Tax year: Jan 1–Dec 31, 2026

Seller's Days Owned

158

Jan 1 → June 8, 2026

Buyer's Days Owned

207

Closing → Dec 31

Daily Tax Rate

$21.92

per day

Seller's Prorated Tax Credit to Buyer

$3,463

158 days × 21.92/day

Seller credits this amount to buyer at closing

Buyer's Portion of Year's Tax

$4,537

207 days × 21.92/day

Buyer responsible from closing → Dec 31

How Florida Tax Prorations Work: Florida property taxes are assessed as of January 1st and are paid in arrears (November of the same year). At closing, the seller must credit the buyer for the days the seller owned the property that year — because the buyer will receive the November tax bill for the entire year. The proration runs from January 1st through the day before closing.

Questions About Closing?

Talk to an Agent

Our agents walk you through every closing cost before you sign. No surprises at the table.

Florida Tax Notes

Taxes paid in arrears

Florida taxes for Jan–Dec are billed and paid the following November (with early payment discounts). Sellers must credit buyers for their share.

Homestead Exemption

Florida homeowners who qualify for homestead exemption save up to $50,000 off assessed value. This applies to your primary residence.

Save Our Homes Cap

Homesteaded properties have assessed value capped at 3% increase per year — significant savings in appreciating markets.

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