Compare taxes and see how much you save moving from Texas to Florida
Both Texas and Florida have 0% state income tax, but their property taxes differ dramatically. Texas averages 1.60% while Florida averages just 0.73%. On a $500,000 home, you'd pay $8,000/year in Texas versus $3,650 in Florida—saving $4,350 annually. Florida's Save Our Homes amendment caps annual assessment increases at 3%, providing long-term protection that Texas lacks.
7th Highest
High rates offset no income tax
Below Average
Homestead exemption + Save Our Homes cap
At $500,000 home income:
That is $363/month back in your pocket!
| Income | TX Tax | FL Tax | Savings | 10-Year |
|---|---|---|---|---|
| $300,000 home | $4,800 | $2,190 | $2,610 | $26,100 |
| $400,000 home | $6,400 | $2,920 | $3,480 | $34,800 |
| $500,000 home | $8,000 | $3,650 | $4,350 | $43,500 |
| $750,000 home | $12,000 | $5,475 | $6,525 | $65,250 |
| $1,000,000 home | $16,000 | $7,300 | $8,700 | $87,000 |
| $1,500,000 home | $24,000 | $10,950 | $13,050 | $130,500 |
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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 →Florida is generally cheaper for homeowners due to lower property taxes. A $500K home costs $4,350/year less in Florida. Texas has lower sales tax (6.85% vs 6%) and sometimes lower home prices, but property tax differences usually outweigh these factors for homeowners.
Save Our Homes (1995) caps annual increases in assessed value at 3% or CPI, whichever is lower, for homesteaded properties. After years of ownership, your assessed value can be far below market value. When you sell, the new buyer pays taxes on current market value. You can transfer some savings when moving within Florida (portability).
Texas has no cap on how much your assessed value can increase. However, you can protest your appraisal annually. Texas does offer a $100,000 homestead exemption for school district taxes, plus seniors can freeze their school tax amount. Some cities offer additional homestead exemptions.
Florida edges ahead for retirees. Both have no income tax on retirement income. But Florida's lower property taxes, Save Our Homes protections for long-term owners, and additional senior exemptions make it more affordable. Florida also has no estate tax. Texas property taxes can increase significantly over time.