This is a general comment and not specific to Fl.
The taxing authority creates an annual budget of expenses. Then they determine what part of the budget is to be paid for by property owners. Say the budget allocated to property owners is 10,000 and the value of all property is 1,000,000. Dividing 10,000 by 1,000,000 gives a 1% tax rate. Thus your taxes are 1% of the value of your home. The tax value of your home may not be what you paid for it. Some taxing authorities may give you a homestead credit, Senior Citizen discount etc. but the above should give you an idea and you should not have had a big difference between the two numbers.
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