A Florida property's assessed value is $280,000. The homestead exemption is $50,000. The school board millage is 6 mills and the county millage is 10 mills. What is the total annual property tax?

Explanation

The homestead exemption of $25,000 applies against all taxing authorities; the second $25,000 applies only to non-school taxes. Against school: $280,000 - $25,000 = $255,000 × 6 mills = $1,530. Against county: $280,000 - $50,000 = $230,000 × 10 mills = $2,300. Total = $1,530 + $2,300 = $3,830.