Melrose, Florida Property Taxes
The median property tax rate in Melrose, FL is 1.44%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Melrose at $162,046, the typical annual property tax bill reaches $2,309, slightly below the national median of $2,690. Property taxes in Melrose are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Melrose'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 Melrose or another part of Alachua County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Melrose, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$2,333
$2,206
Ownwell’s Melrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Melrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Melrose 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 Melrose, Florida
Property taxes in Melrose, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Melrose is 1.44%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Melrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melrose 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 Melrose's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32666 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Melrose 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 Melrose Tax Rate
1.44%
Average Alachua County Tax Rate
1.47%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melrose, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | 0.87% | 1.10% | 1.44% | 2.09% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Melrose, Florida
In Melrose, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Melrose, 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. 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 Melrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Melrose is $162,046, with the highest median tax bill in zip code 32666 being $2,309.
Average Melrose Assessed Value
$162,046
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 Melrose, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | $59,206 | $91,806 | $162,046 | $277,659 | $406,534 |
Source: Ownwell
Property Tax Bills Across Melrose, Florida
In Melrose, located in Alachua County, FL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local property appraiser and is typically a percentage of the property's market value. Factors such as property size, location, and market trends are considered in this assessment. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Melrose, the median home price stands at $162,046. Tax bills in this area can vary significantly, with the 25th percentile tax bill at $1,182 and the 75th percentile reaching $4,167. At the 90th percentile, tax bills can soar to $7,270. The highest and lowest median tax bills in the area are both $2,309, indicating a uniformity in the median tax rate. These property taxes play a crucial role in funding local services, but they also represent a significant expense for homeowners, impacting their overall financial planning and property affordability.
Average Melrose Tax Bill
$2,309
Average Alachua County Tax Bill
$2,949
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Melrose, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | $788 | $1,182 | $2,309 | $4,167 | $7,270 |
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 |