Taxes on Selling a House in Florida: What to Expect

Florida isn’t just famous for beaches and oranges. It’s also the second-best state in the country if you want to keep more of your money. The reason? The Sunshine State doesn’t charge any income tax, which is a huge win for residents. That said, selling a home in Florida still comes with some taxes to keep in mind. So even in paradise, there are a few costs to watch out for. In this guide, we’ll break down the key taxes you’ll face when selling your Florida home, including capital gains tax, transfer tax, and property taxes. We’ll also share tips for navigating these financial obligations, straight from an expert Florida real estate agent. What's Your Florida Home Worth Now? Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. What taxes will you pay when selling a house in Florida? When selling a house in Florida, you’ll encounter three main types of taxes. These can affect your overall profits and the final amount you walk away with after the sale. Here are the most common taxes yo...