Hampton, Florida Property Taxes
The median property tax rate in Hampton, FL is 3.10%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $21,384 in Hampton, the typical annual property tax bill reaches $663, which is still below the national median of $2,690. Property taxes in Hampton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hampton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hampton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hampton, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$663
$627
Ownwell’s Hampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hampton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hampton, Florida
Property taxes in Hampton, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hampton is 3.10%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Hampton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hampton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hampton's effective property tax rate to other counties in Florida and the national median. For comparison, the 32044 zip code has the highest median property tax rate of 3.10%, while the same zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with Hampton provides valuable insights into the varying tax landscape across Alachua County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hampton Tax Rate
3.10%
Average Alachua County Tax Rate
1.47%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hampton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32044 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Hampton, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hampton, Florida. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Alachua County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hampton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Hampton is $21,384, with the median tax bill at $663. Interestingly, both the highest and lowest median tax bills are found in the 32044 zip code, with values at $663. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hampton Assessed Value
$21,384
Average Alachua County Assessed Value
$201,074
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hampton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32044 | $21,384 | $21,384 | $21,384 | $21,384 | $21,384 |
Source: Ownwell
Property Tax Bills Across Hampton, Florida
In Hampton, located in Alachua County, FL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county property appraiser, who evaluates the market value of the property. The local tax rate, which is set by the local taxing authorities, is then applied to this assessed value to compute the tax bill. For homeowners in Hampton, the median home price is $21,384, with the median property tax bill being $663. This amount is consistent across various percentiles, indicating a uniform tax rate application. Compared to the national median property tax rate of 0.99%, Hampton's property tax rate may appear relatively modest. The consistency in the tax bill amount across different percentiles suggests a stable tax environment, which can be beneficial for homeowners planning their finances. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their budgets more effectively.
Average Hampton Tax Bill
$663
Average Alachua County Tax Bill
$2,949
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hampton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32044 | $663 | $663 | $663 | $663 | $663 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Alachua Property Appraiser | |
| Website | qpublic.schneidercorp.com |