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Florida Property Tax for Investors: What You Need to Know (2026)
2026-03-29 · 7 min read
Florida Property Tax Basics for Investors
Florida has no state income tax — great. But property taxes are how the state gets its money, and they hit investors harder than homeowners.
As an investor (non-homestead), you do NOT get the Save Our Homes 3% cap on annual assessment increases. Your assessed value can jump to full market value every year.
Average effective rates by county:
Miami-Dade: 1.02%
Broward: 1.08%
Hillsborough: 0.97%
Duval: 0.91%
Orange: 0.95%
Lee: 1.06%
How Property Tax Kills (or Makes) Your Cashflow
On a $300K property, the difference between 0.9% and 1.1% tax rate is $50/month — that's $600/year straight off your cashflow.
Always use the actual millage rate for the specific property, not county averages. SpillDeals pulls real tax data for every listing so you see true cashflow, not an optimistic estimate.
Tax Strategies for FL Investors
- Challenge your assessment — FL allows annual appeals. Non-homestead properties are frequently over-assessed.
- Pay early — FL offers up to 4% discount for early payment (November = 4%, December = 3%, etc.)
- Factor non-homestead into your analysis — Don't use the seller's tax bill if they had homestead. Your bill will be higher.
- Consider tangible personal property — File DR-405 for appliances, fixtures, etc. to get additional exemptions.