What happens to property tax when you buy in Citrus County, Florida?
Why your bill can jump at purchase
Florida uses a reviewed market-value transfer rule (Florida Save Our Homes assessment limitation (DOR)): after a qualifying ownership change, assessed value resets toward just value, so a new owner's bill can differ sharply from what the seller paid. After a qualifying homestead is established, annual assessed-value growth is limited to the lower of 3% or CPI; portability and exemptions are not modeled.
Current owners here pay a typical bill of about $1,430/yr (on the $245,500 county-median home).
Estimated bill by your purchase price
| Purchase price | Estimated annual tax | vs typical bill |
|---|---|---|
| $245,500 | $1,430/yr | +$0/yr |
| $306,875 | $1,788/yr | +$358/yr |
| $368,250 | $2,145/yr | +$715/yr |
Effective rate: 0.58% · Tier 1 · Confidence: Medium. Reassessment toward the sale price modeled from the jurisdiction's assessment basis.
How Citrus County compares before reassessment
Citrus County ranks 53 of 67 published Florida counties by effective property-tax rate.
The county's 0.58% effective rate is 0.12 percentage points below the Florida published-county average of 0.7%.
The $245,500 median home value ranks 41 of 67 and is $30,500 below the Florida county median of $276,000.
Similar-rate counties
- Bay County: 0.58% effective rate; $310,500 median home value
- Escambia County: 0.58% effective rate; $257,200 median home value
- Union County: 0.58% effective rate; $169,500 median home value
Source, method & confidence
Data as of 2024-12-31 (data version 2024.1).
Sources: U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25103; U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25077; Florida Department of Revenue, Save Our Homes assessment limitation.
How we model reassessment (methodology) · Florida reassessment guide · Citrus County property tax overview