Keystone Heights, Florida Property Taxes
The median property tax rate in Keystone Heights, FL is 0.99%, which matches the national median but is lower than Florida's state median of 1.14%. With a median home value of $151,808 in Keystone Heights, the typical annual property tax bill amounts to $1,536, falling below the national median of $2,690. Property taxes in Keystone Heights are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Keystone Heights' property tax system, including exploring available exemptions and identifying opportunities for reductions, can result in substantial annual savings. Whether you're located in the heart of Keystone Heights or another area within the city, gaining insight into the local property tax system will benefit homeowners and real estate investors alike.
Last Updated June 14, 2024
Keystone Heights, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,503
$1,422
Ownwell’s Keystone Heights Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keystone Heights effortlessly. By simply inputting your property's assessed value, the calculator utilizes the median tax rate in Keystone Heights to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax obligations, helping you make informed decisions. For those interested in more granular data, you can explore neighborhood-specific trends by scrolling down. Your property’s assessed value, determined by the county for tax purposes, includes any applicable exemptions, ensuring you receive a comprehensive estimate.
Property Tax Rates Across Keystone Heights, Florida
Property taxes in Keystone Heights, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keystone Heights is 0.99%, aligning with both the Florida state median and the U.S. national median of 0.99%. Local government entities within Keystone Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keystone Heights 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 Keystone Heights' effective property tax rate to other counties in Florida and the national median. For comparison, the 32656 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Keystone Heights provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keystone Heights Tax Rate
0.99%
Average Bradford County Tax Rate
0.94%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | 0.62% | 0.78% | 0.99% | 1.31% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Keystone Heights, Florida
In Keystone Heights, 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 Bradford 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. 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 Keystone Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keystone Heights is $151,808, with the highest and lowest median tax bills both recorded at $1,536 in the 32656 zip code.
Property Tax Assessment Values Across Keystone Heights, Florida
Source: Ownwell
$86,718
$377,287
$667,856
Average Keystone Heights Assessed Value
$151,808
Average Bradford County Assessed Value
$96,435
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $76,049 | $99,522 | $151,808 | $222,124 | $307,194 |
Source: Ownwell
Property Tax Bills Across Keystone Heights, Florida
In Keystone Heights, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the Bradford County Property Appraiser and is meant to reflect the property's market value. The tax rate, which is applied to this assessed value, is set by local taxing authorities and can include county, city, and school district taxes. Several factors influence the final tax bill, including the property's location, size, and any exemptions for which the homeowner may qualify. For instance, homestead exemptions can significantly reduce the assessed value, thereby lowering the tax bill. Homeowners in Keystone Heights face varying tax bills, with the 25th percentile at $879 and the 75th percentile at $2,405. The highest median tax bill in the area is $1,536, which is still below the national median property tax rate of 0.99%. These property taxes contribute to local services such as schools, infrastructure, and public safety, directly affecting the quality of life for residents.
Average Keystone Heights Tax Bill
$1,536
Average Bradford County Tax Bill
$903
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $554 | $879 | $1,536 | $2,405 | $3,348 |
Source: Ownwell