Florida property taxes are paid in arrears, so the seller credits the buyer for the days they owned the home this year (annual taxes ÷ 365 × days owned). Estimate for planning only — your settlement statement uses the exact tax bill and closing date. Questions? Call Butler Title at 954.616.8735.
How property tax proration works in Florida
Because Florida property taxes are paid in arrears, the seller owes the share of the year's taxes for the days they owned the home. This property tax proration calculator divides the annual tax bill into a daily amount and multiplies by the seller's days of ownership to compute the credit the seller gives the buyer at closing.
Butler Title calculates the exact proration on your settlement statement using the current tax figures for your parcel.
Paying your bill: Florida tax bills mail November 1, and paying that month earns a 4% discount, stepping down to 1% by February. See the Florida property tax discount schedule.
Frequently Asked Questions
How are property taxes prorated in Florida?
Florida taxes are paid in arrears, so the seller credits the buyer for the days the seller owned the property that year, based on the annual tax amount divided by 365.
Who pays property taxes at closing?
The seller credits the buyer for their share of the year, and the buyer pays the full bill when it comes due — so each party effectively pays for the time they owned the home.
Is this exact?
It's a close estimate. The settlement statement uses the actual current tax bill and the precise closing date.