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
Tax Proration Results
Closing: October 8, 2026 · Tax year: Jan 1-Dec 31, 2026
Seller's Days Owned
280
Jan 1 → October 8, 2026
Buyer's Days Owned
85
Closing → Dec 31
Daily Tax Rate
$21.92
per day
Seller's Prorated Tax Credit to Buyer
$6,137
280 days × 21.92/day
Seller credits this amount to buyer at closing
Buyer's Portion of Year's Tax
$1,863
85 days × 21.92/day
Buyer responsible from closing → Dec 31
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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.
How the Florida tax proration calculator works
Florida property taxes are paid in arrears, meaning the bill that arrives in November covers the year that is ending. Because the seller owned the home from January 1 up to closing but the buyer will pay the full bill later, the seller credits the buyer for that portion. The tool takes the annual tax, divides by 365 for a daily rate, and multiplies by the days from January 1 through the closing date.
Take a Port St. Lucie home with an annual tax of $9,125 closing on April 1. The daily rate is $25, and 91 days have elapsed since January 1. The seller credits the buyer 91 days, or $2,275, at closing. That credit lowers the seller's net proceeds and reduces the cash the buyer brings, since the buyer later pays the full year's tax bill.
Getting the proration right matters because South Florida tax bills vary widely by county, homestead status, and any Save Our Homes cap on the current owner. A new buyer often loses that cap, so the prior year's tax used for proration may understate what the buyer eventually owes. Estimating the credit up front keeps both sides clear on their true closing figures.