Compare taxes and see how much you save moving from Florida to New York
New York has more than double Florida's property tax rate—1.62% vs 0.73% average effective rate. On a $500,000 home, you'd pay approximately $8,100/year in New York versus $3,650 in Florida. Combined with Florida's lack of state income tax (vs NY's 10.9% top rate), Florida offers substantial tax savings for most homeowners. However, New York property taxes vary dramatically—rural upstate areas can be cheaper than some Florida counties.
Avg Effective Rate
Homestead exemption up to $50,000
Avg Effective Rate
Varies dramatically by county (0.7%-3%)
At $500,000 home income:
That is $371/month back in your pocket!
| Income | FL Tax | NY Tax | Savings | 10-Year |
|---|---|---|---|---|
| $300,000 home | $2,190 | $4,860 | $2,670 | $26,700 |
| $400,000 home | $2,920 | $6,480 | $3,560 | $35,600 |
| $500,000 home | $3,650 | $8,100 | $4,450 | $44,500 |
| $750,000 home | $5,475 | $12,150 | $6,675 | $66,750 |
| $1,000,000 home | $7,300 | $16,200 | $8,900 | $89,000 |
| $1,500,000 home | $10,950 | $24,300 | $13,350 | $133,500 |
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Moving from Florida to New York? Multi-state returns are tricky—partial-year residency, different deadlines, avoiding double taxation. Get matched with a CPA who specializes in state moves. Virtual meetings, fixed pricing.
Get Matched With a CPA →On a $500,000 home, you'd save approximately $4,450 per year—$8,100 in NY vs $3,650 in FL. Add Florida's lack of state income tax (vs NY's up to 10.9%), and a $150,000 earner saves roughly $15,000+ annually in total state/local taxes.
Florida offers up to $50,000 homestead exemption for primary residences. The first $25,000 applies to all property taxes; an additional $25,000 (on value between $50K-$75K) applies to non-school taxes. This can save $500-$1,000 annually depending on your county's millage rate.
NY property taxes range from 0.7% (Kings County/Brooklyn) to nearly 3% (Orleans County). School district funding drives most variation—wealthy districts with high property values have lower rates, while rural areas with lower values need higher rates to fund schools. Long Island and Westchester have some of the nation's highest bills.
The School Tax Relief (STAR) program reduces school property taxes for eligible homeowners. Basic STAR is for homeowners with income under $500,000 (saves ~$300/year). Enhanced STAR is for seniors 65+ with income under $98,700 (saves ~$700/year). New homeowners receive a credit rather than exemption.