Port Saint Joe, Florida Property Taxes
The median property tax rate in Port Saint Joe, FL is 1.33%, noticeably higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $395,070 in Port Saint Joe, the typical annual property tax bill reaches $5,952, surpassing the national median of $2,690. Property taxes in Port Saint Joe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Port Saint Joe'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 Port Saint Joe 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
Port Saint Joe, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$5,254
$4,973
Ownwell’s Port Saint Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Saint Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Saint Joe 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 Port Saint Joe, Florida
Property taxes in Port Saint Joe, Florida, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Saint Joe is 0.68%, lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Port Saint Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Saint Joe 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 Port Saint Joe's effective property tax rate to other counties in Florida and the national median. For comparison, the 32456 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Port Saint Joe provides valuable insights into the varying tax landscape across Gulf County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Saint Joe Tax Rate
1.33%
Average Bay County Tax Rate
1.10%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Saint Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | 1.07% | 1.19% | 1.33% | 1.56% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Port Saint Joe, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Port Saint Joe, 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 Bay County Appraisal District 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 Port Saint Joe, 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. The median home price in Port Saint Joe stands at $395,070, with the median tax bill ranging from $4,550 at the 25th percentile to $11,448 at the 90th percentile. Notably, the zip code 32456 has the highest median tax bill at $5,952 and also the lowest. Being aware of these valuation processes in Port Saint Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Saint Joe Assessed Value
$395,070
Average Bay County Assessed Value
$235,244
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Saint Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $229,918 | $329,234 | $395,070 | $610,436 | $829,108 |
Source: Ownwell
Property Tax Bills Across Port Saint Joe, Florida
In Port Saint Joe, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Port Saint Joe, the median home price stands at $395,070. Tax bills can vary significantly, with the 25th percentile at $4,550 and the 75th percentile reaching $7,216. The 90th percentile tax bill can go as high as $11,448, indicating a broad range depending on property specifics. The highest median tax bill in the area is $5,952, which falls within the zip code 32456. Compared to the national median property tax rate of 0.99%, homeowners in Port Saint Joe may find their tax bills to be relatively moderate or high, depending on their property's assessed value. This can significantly impact annual expenses, making it crucial for homeowners to understand how these taxes are calculated and budget accordingly.
Average Port Saint Joe Tax Bill
$5,952
Average Bay County Tax Bill
$2,427
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Saint Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $2,444 | $4,550 | $5,952 | $7,216 | $11,448 |
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 | |
|---|---|
| Bay Property Appraiser | |
| Website | qpublic.schneidercorp.com |