Frequently Asked Questions About Property Taxes & Fees

How can I estimate property taxes on a home in Sarasota?
Start with the property’s assessed value from the county appraiser, factor in any exemptions you may qualify for (such as homestead), and apply the local millage rates for that specific property. Online tax estimators and millage tables can provide a helpful ballpark, but keep in mind that taxes can change after a purchase.

What is a CDD fee and where does it show up?
A Community Development District (CDD) fee helps pay for infrastructure like roads, utilities, and amenities in certain communities. This fee appears as a non-ad valorem assessment on your annual property tax bill.

What do HOA or condo fees typically include?
HOA and condo dues generally cover community maintenance, reserves, management, and amenities such as pools, fitness centers, and landscaping. In many condominium communities, fees may also include exterior building insurance. Costs vary depending on the neighborhood, level of services, and amenities offered.

Who pays documentary stamp taxes in Florida?
In most Sarasota-area transactions, the seller typically pays the documentary stamp tax on the deed, while the buyer usually pays taxes related to financing, such as mortgage stamps and intangible tax. That said, these costs are negotiable and ultimately defined in your contract.

When are property taxes due? Are there discounts?
Property tax bills are typically issued around November 1. Discounts are available for early payment through February. The full amount is due by March 31, and any unpaid taxes become delinquent on April 1.

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