California and Florida have surprisingly similar property tax rates — California averages 0.71% and Florida 0.86% effective rate. On a $500,000 home the difference is modest: roughly $3,550/year in California versus $4,300 in Florida. However, Florida has no state income tax while California's top rate reaches 13.3%. For retirees and high earners, the income tax difference dwarfs the property tax difference. Florida's homestead exemption ($50,000) and Save Our Homes cap (3% annual limit for primary residences) further protect long-term homeowners.

By Daniel, Founder of CountryTaxCalc

Daniel has spent 5+ years researching tax systems across 95+ countries and all US states to make tax comparison accessible to everyone. For corrections, contact us.

Last Updated: April 2026

The Big Picture

🌴 California

0.71%

Avg Effective Rate

Base 1% (Prop 13) plus local bonds/Mello-Roos; long-term owners pay far less

☀️ Florida

0.86%

Avg Effective Rate

No income tax; property tax funds most local services

Typical Annual Savings

At $500,000 home income:

$750

California saves on property tax

Tax Savings by Income Level

IncomeCA TaxFL TaxSavings10-Year
$300,000 home $2,130$2,580$450$4,500
$400,000 home $2,840$3,440$600$6,000
$500,000 home $3,550$4,300$750$7,500
$750,000 home $5,325$6,450$1,125$11,250
$1,000,000 home $7,100$8,600$1,500$15,000
$1,500,000 home $10,650$12,900$2,250$22,500
💡

CountryTaxCalc.com is reader-supported. When you use our partner links, we may earn a commission at no cost to you. This helps us provide free tax calculators and comparison tools. Learn more about our affiliate partnerships

Talk to a Real CPA

Taxhub

★ 4.8 verified reviews  ·  3,758 reviews

Moving from California to Florida? Partial-year residency returns, establishing FL domicile to escape CA tax, and timing your move to minimise CA's reach all require expert guidance. Get matched with a CPA who specialises in state moves. Virtual meetings, fixed pricing.

⚠ Not for simple single-state returns. Free filing is fine for straightforward W-2 situations.

Get Matched With a CPA →

California Pros and Cons

✅ Pros

  • Slightly lower property tax rate
  • Prop 13 caps assessed value growth at 2%/year
  • Long-term owners locked into very low bills
  • No Save Our Homes cap needed — Prop 13 does more

❌ Cons

  • State income tax up to 13.3%
  • New buyers pay full market value assessment
  • Local Mello-Roos districts add 0.1–0.5%+
  • High home prices mean high dollar bills

Florida Pros and Cons

✅ Pros

  • No state income tax (saves $5K–$20K+/year for earners)
  • Homestead exemption: $50,000 off assessed value
  • Save Our Homes cap: 3% max annual increase for residents
  • Low cost of living vs California in many areas

❌ Cons

  • Slightly higher property tax rate than California
  • Non-homestead (rental/second homes) reassessed to market value annually
  • Hurricane insurance adds thousands in coastal areas
  • No Save Our Homes protection for new buyers until homestead filed

Frequently Asked Questions

Q: Which state has higher property taxes — California or Florida?

Florida has a slightly higher average effective property tax rate than California: approximately 0.86% vs 0.71%. On a $500,000 home, that's roughly $4,300/year in Florida versus $3,550 in California — a difference of about $750/year. However, California's Proposition 13 means long-term owners often pay well below the 0.71% average, while new buyers pay the full assessed value. In Florida, the Save Our Homes cap (3%/year for homesteaded properties) similarly protects long-term residents.

Q: What is Florida's homestead exemption?

Florida's homestead exemption removes $50,000 from the assessed value of a primary residence for property tax purposes: the first $25,000 applies to all taxing authorities; the second $25,000 applies only to non-school taxing districts. On a $500,000 home, the exemption reduces the taxable value to $475,000 (or $462,500 for non-school millage), saving approximately $500–$800/year depending on local rates.

Q: Is it cheaper to own a home in California or Florida overall?

It depends heavily on where and at what price. In comparable metropolitan areas: a $600,000 Florida home costs roughly $800–1,000 more per year in property tax than the same home in California. But a California resident earning $150,000 pays approximately $11,000–13,000 in state income tax; a Florida resident pays $0. Florida is typically far cheaper in total tax burden for most professional and retirement households, even accounting for the slightly higher property tax rate.

Q: Does Florida have any property tax breaks for seniors or retirees?

Yes — Florida offers several additional property tax benefits for seniors and long-term residents: (1) Additional homestead exemption for low-income seniors aged 65+: up to $50,000 additional exemption if income is below a threshold (approximately $35,000). (2) Senior long-term residency exemption: some counties offer this for residents 65+ who have lived in the county for 25+ years and meet income tests. (3) Florida's Save Our Homes cap protects long-term homestead owners from large reassessment jumps. These make Florida significantly more attractive for retirees than the headline rate suggests.

Related Comparisons

CA vs FL Income TaxCalifornia vs Florida RetirementCalifornia CalculatorFlorida Calculator