06/01/2026
Same price. Very different tax bills. Here is why. 🏡
Nordis took a client out to see two properties both listed at $1.5 million. Everything seemed comparable on paper. But then they looked at the tax bills. One was $8,500 a year. The other was $15,000.
The client’s question was simple. Why are they so different?
Here is what most buyers do not realize. In Florida, property taxes are based on what the seller paid for the home, not what you are buying it for. So if a seller bought their home 10 years ago for $800,000, their tax bill reflects that purchase price. But if another seller bought just two years ago for $1,350,000, their taxes are already closer to today’s market value.
The moment you purchase a property, the county reassesses it at your purchase price. That is when your new tax bill kicks in.
So while both properties are listed at the same price, your actual cost of ownership can look very different depending on the seller’s history.
This is exactly why working with an agent who walks you through every number before you make a decision matters. 🔑
Have questions about buying a home in Miami? Send us a DM and let’s talk. 👇🏼
