There are basically 52 different property tax rates (ad valorem taxes) in Brevard County, Florida, one for each municipality or unincorporated area. Property taxes, technically called Ad Valorem taxes, are based on the value of the property. Overall, the rates are extremely inexpensive compared with many cities in other states, especially those to the far North. When you combine the low ad valorem rates with Florida’s lack of any income tax, the desirable climate along with all of the perks that go along with that climate, the state becomes a very nice place to live.
Brevard County rates vary from approximately 17 to 24 Mils. a Mil is one dollar for every thousand dollars of a homes assessed value. For example, a house assessed at $250,000 and a millage rate of 19 would have a preliminary annual tax bill of $4750. However, a homestead exemption would cut that by several hundred dollars. There are other exemptions that could reduce the bill even farther. They are widow/widower, disability, limited-income seniors, veterans and combat-duty, etc. What a deal! Here is a wide-ranging sample of the 2013 rates (rounded):
Cape Canaveral 17.5 Mils
Cocoa Beach 18.5
Palm Bay 23
Cocoa (mainland) 20-20.5
Now, having written the previous, I am not a tax attorney and wish you to know that any official amounts may vary as the assessed value is both objective and subjective, depending on location. You can contact John Bond most anytime on his cell phone @321-298-1118 or email him at firstname.lastname@example.org.