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Ask clear questions about the Florida real estate course and learn from course-specific answers.

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How do I calculate tax from millage?

Staff Q&A from the 63Hours team.

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Discussion prompt: Is taxable value supplied?

Best Answer

One mill is $1 per $1,000 of taxable value. In a simplified example, 18 mills becomes 0.018; multiplied by $200,000 taxable value, that gives $3,600. Use taxable value, not purchase price, and check which taxing authority applies.

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General educational information. Confirm current requirements with the relevant licensing authority.

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