Estimating Property Taxes

Property Taxes in Holmes Beach, Florida – We are often asked by home buyers how much are the property taxes?  Well it depends.  People tend to rely on what the current owner is paying in property tax on homes that are for sale.  That may not be the best idea because the assessed value is often changed after a transfer of ownership.

Here’s how we estimate taxes.  Each city is different, but this is an estimate based on Holmes Beach. If we take the 2016 mill rate of 16.1090 for properties in Holmes Beach and divide by 1000 that gives us .016109.  We then multiply that by the assessed value.  For this example, let’s say we have an assessed value of $475,000.  That would be $7651.78 or just over 1.6% of the assessed value.

Now we would deduct any exemptions.  The homestead exemption is $25,000 of the assessed value.  So the taxable value has been reduced to $450,000.  Then the taxes are $7249.05.

There is an additional homestead exemption of $25,000 for homes valued at more than $50,000 and that does not apply to the school board mill rate  which is 6.92.  That will reduce your taxes another $229.73.  That brings your taxes to $7019.32 which is just under 1.5% of the sales price for a home with homestead exemption.

If you currently have Homestead Exemption on a property in Florida, you can transfer the “Save Our Homes” cap from an existing property to a new homestead, thereby saving you on your assessed value.

There are additional exemptions for disabled, widow/widowers, low income over 65 years old and deployed military.

More information is available on the Manatee County tax assessor’s website.

Estimating Property Taxes Anna Maria Island

In general, for Holmes Beach we can estimate that property taxes will be around 1.5 -1.6% of the assessed value.

The mill rate for the city of Anna Maria is 15.908700.  So we can use the same formula to guesstimate the taxes at just under 1.6% of the assessed value. The current mill rate for Bradenton Beach is 16.1920 so we can also estimate just over 1.6% of the assessed value to be the taxes.

Please remember, this is not to be considered legal or tax advice, just something to help you guesstimate the property taxes on your new home.  We’d love to be your Anna Maria Island Realtor.  Please contact us if we can help.

Jen and Mark Bowman, Keller Williams on the Water 941-840-0117 Anna Maria Island Real Estate



234 Gladiolus St Anna Maria, FL

234 Gladiolus St Anna Maria, FL is in the Luana Isles  neighborhood in Anna Maria. It  has 2 true bedrooms with an optional 3rd bedroom/office/den.  There’s 2 full baths.  This single level home is concrete block with a tile barrel roof.  This homes is listed at $699,900. It will be exclusively listed by Jen and Mark Bowman, Keller Williams on the Water.    941-840-0117


234 Gladiolus St


There’s easy living at 234 Gladiolus St. because the yard is ultra low maintenance with xeriscape landscaping.  Xeriscape landscaping uses drought tolerant plants.  The landscaping is done with pebbles and stone walkways.  This makes it the ideal vacation or winter home.

There’s a screened in lanai in the back yard.  It’s the perfect place to sit and watch the white egret that visits daily.

The kitchen has Kraftmaid solid cherry wood cabinetry with a honey glaze finish.  There’s granite counters and an island as well.   The backsplash is glass tile.

Both bathrooms have been redone with tile, glass shower doors, upscale bathroom vanities and new light fixtures.

There’s a 1 car garage with cabinets for additional storage.   The laundry room is tucked away in the garage on a raised 1 step platform.  There’s even an ironing board attached to a drop down board for easy access.

Let’s talk about location because that’s what really matters, right?  Just 5 doors down there’s a City Access Path to the beach! Walk up the path and end up at Bay Front Park, the beach on the Bay side of Anna Maria.  There’s towering shade trees and picnic pavilions.   The beach on the Gulf of Mexico is just a short golf cart ride away.   This location in Anna Maria is close to the Anna Maria City Pier, Rod and Reel Restaurant, and Historic Pine Ave.  Pine Ave is full of quaint shops and restaurants.   Pine Ave is home to the Food and Wine on Pine Festival, the Chalk Fest and Bay Fest.

Bayfront Park Anna Maria

Bayfront Park Anna Maria

See all the property for sale in the city of Anna Maria. including vacant lots/land, condos and single family homes.

See Houses for Sale in Anna Maria.

Sell your Anna Maria home. 

Call Jen and Mark Bowman, Keller Williams on the Water 941-840-0117 for more info on 234 Gladiolus St in Anna Maria, Florida or any other property.