Texas vs Florida: Mortgage Comparison for Homebuyers

No Income Tax, But Different Property Taxes

Both states have no state income tax, but property taxes tell a very different story.

Texas: 1.68% property tax rate — on a $300K home, that is $420/month just in taxes.
Florida: 0.86% rate — same home costs only $215/month in taxes.

Home Prices

Texas median: $300K. Florida median: $390K. Despite higher prices, Florida monthly payments can be similar to Texas because of lower taxes.

The Bottom Line

For the same $350K home: Texas PITI is roughly $2,600/month vs Florida's $2,350/month. The $250/month difference adds up to $90,000 over 30 years.