November 3, 2026: Florida Amendment 3 is on the ballot. Rentals do not get the new homestead exemption.County impact →

Seminole County · Table 5 · 2028 model

Sanford rental holding costs and Amendment 3

People searching “is it worth buying a rental in Sanford” need tax, millage, and insurance — not a slogan. Below are the cited figures. We do not declare this market a buy.

· · Figures retrieved 2026-10-18

Amendment 3 modeled 2028 tax (Table 5)

TypeAdditional taxPercent
Apartment unit$50221.68%
Single-family rental$1,10620.75%

Walczak Table 5 · county-level Table 4 is on the Seminole Amendment 3 page.

Millage used for a purchase-year tax sketch

The county millage sheet prints a Sanford total of 18.1284 mills(Sanford total on the Seminole County Property Appraiser Final 2025 Millage Rates sheet). Illustration only: just value of $350,000 × millage ÷ 1,000 = $6,344.94 ad valorem tax, ignoring non-ad valorem assessments.Seminole County Property Appraiser, Final 2025 Millage Rates (FY 2025-26 MillageRateReport).

OIR homeowners-with-wind average for Seminole as of 2025-09-30: $3,527. That is a labeled placeholder, not a Sanford DP-3 quote.Insurance page.

Is it worth buying a rental in Sanford?

This site does not rate Sanford as a buy or a pass. Worth depends on rent, millage, insurance, flood, and HOA on the specific parcel. Walczak Table 5 models $1,106 (20.75%) additional 2028 tax on the average Sanford single-family rental if millage is raised to replace homestead revenue — an assumption, not a forecast.

Does a Sanford rental get the Amendment 3 homestead exemption?

No. Homestead is for a permanent resident’s primary home. Source: Pinellas County Property Appraiser Amendment 3 FAQs.

Calculator starting from Seminole

If Sanford millage is in our files, type 18.1284 into the millage field. Label: Sanford total on the Seminole County Property Appraiser Final 2025 Millage Rates sheet.