Compare taxes and see how much you save moving from Texas to Florida
The hidden trap: Both states have 0% income tax, but Texas property tax averages 1.60% vs Florida's 0.80%—Texas homeowners pay DOUBLE. On a $500,000 home, that's $8,000/year in Texas vs $4,000 in Florida. But Texas has no homestead cap increase like Florida's Save Our Homes (3%/year max), so Texas values can spike. Sales tax is similar (6.25% TX vs 6% FL, both with local additions reaching 8.25%). Choose Texas if: you're a renter (property tax doesn't affect you directly), work in tech/energy (higher salaries offset costs). Choose Florida if: you're buying a home (Save Our Homes protection + lower rates), retiring, or relocating from high-tax state.
No Income Tax
1.60% property tax (highest)
No Income Tax
0.80% property tax
At Homeowner ($500K home) income:
That is $333/month back in your pocket!
| Income | TX Tax | FL Tax | Savings | 10-Year |
|---|---|---|---|---|
| Renter ($100K salary) | $0 income tax | $0 income tax | Identical for renters | $0 |
| $300K home owner | $4,800 property tax | $2,400 property tax | Florida saves $2,400/yr | $24,000 |
| $500K home owner | $8,000 property tax | $4,000 property tax | Florida saves $4,000/yr | $40,000 |
| $750K home owner | $12,000 property tax | $6,000 property tax | Florida saves $6,000/yr | $60,000 |
| $1M home owner | $16,000 property tax | $8,000 property tax | Florida saves $8,000/yr | $80,000 |
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Moving from Texas to Florida? 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 →For homeowners, Florida wins decisively: 0.80% property tax vs Texas's 1.60%. On a $500K home, that's $4,000/year savings in Florida. For renters, they're identical—both have 0% income tax and similar sales tax (~8%). The property tax difference is the only meaningful distinction.
Texas relies heavily on property tax to fund schools and local government—it's constitutionally prohibited from having income tax. Average effective rate is 1.60%, among the highest nationwide. Florida balances with tourism taxes, while Texas has no equivalent revenue source, pushing more burden onto homeowners.
Save Our Homes caps annual homestead property assessment increases at 3%, regardless of market appreciation. If your $400K Florida home jumps to $500K market value, your taxable value only rises 3%. Texas has no such protection—your $400K home reassessed at $500K means immediate 25% tax increase.
Yes—Florida home insurance averages $4,000-6,000/year for standard coverage, potentially $8,000+ in coastal areas. Texas averages $2,500-4,000. Hurricane and flood risk drive Florida costs. This can offset much of Florida's property tax savings, especially in Miami, Tampa, or coastal areas.
Florida wins for most retirees: Lower property taxes, Save Our Homes protection (assessments stay low as you age in place), no income tax on pensions/Social Security/IRA withdrawals (same as Texas), plus homestead exemption reduces taxable value by $50,000. Texas's higher property taxes hit fixed-income retirees harder.