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Does Florida Have Property Taxes?

Does Florida Have Property Taxes?

Ofcourse it does. There is a difference between the property taxes that residents pay and non-residents pay (Canadians buying property). The difference is not in the tax rate, but it is based on the home’s assessed value. Also, the difference is also in the amount of tax rate growth year over year.

Residents of Florida have an advantage over Canadians buying Florida real estate in this regard as residents tax rates can only go up by 3% annually, whereas for Canadians it can go up 10% annually depending on the value of the assessed home.