When a Florida home changes hands, its assessed value resets to just (market) value on the next January 1. For 2025 buyers, the November 2026 tax bill is the first one based on the home's current value — not the seller's. This estimator shows what that bill could look like and what it may do to your escrow payment.
Palm Beach • Broward • any Florida county
For Florida homeowners who bought recently and want to see the escrow change before it shows up.
If the seller had a homestead exemption, Save Our Homes may have kept the home's assessed value well below market for years. That cap ends with the sale. Enter what you paid — and, if you have it, the seller's annual tax from your closing statement — to see the difference.
Estimates only • Not tax or legal advice • Not an offer or commitment to lend • Assumptions shown below
When it hits
Assessed value resets on January 1, the bill follows in November, and your escrow catches up at the next annual escrow analysis.
How the estimate is built
School and non-school taxes are figured separately because the second homestead exemption only applies to non-school levies.
While a home is someone's homestead, Florida limits how much its assessed value can rise each year to 3% or the change in CPI, whichever is lower (Fla. Stat. §193.155(1)). After years of rising prices, a long-time owner's assessed value can sit far below market.
The cap doesn't pass to the buyer. The home is assessed at just value as of January 1 of the year following a change of ownership (§193.155(3)(a)). Bought in 2025? Your reset date was January 1, 2026 — and Florida property taxes come due in November (§197.333).
From that reset value forward, if the home is your homestead, its assessed value is again limited to 3% or CPI a year. The big jump happens once; after that, increases are capped.
Florida homestead portability
If you had a Florida homestead exemption as of January 1 of any of the 3 years before making this home your homestead, you may be able to transfer up to $500,000 of your prior home's Save Our Homes benefit to it. It isn't automatic — it has to be applied for with your homestead exemption application (Fla. Stat. §193.155(8)). This estimator does not include portability.
Estimate your portability benefit →Book a free 15-minute call. I'll check this estimate against your actual loan and escrow account and walk you through what your payment is likely to do — and what, if anything, is worth doing about it.
Sources: Fla. Stat. §193.155 (Save Our Homes cap, reset after change of ownership, portability) • Fla. Stat. §197.333 (taxes due November 1) • 12 CFR 1024.17 (annual escrow analysis, shortages) • Florida DOR additional homestead exemption adjustment • Fla. Stat. §196.031 (homestead exemption) • Millage: BCPA 2026 proposed rate table, PBCPAO 2026 proposed rates. This tool is not affiliated with any county property appraiser or tax collector. Not tax or legal advice.