Grant, Florida Property Taxes
The median property tax rate in Grant, FL is 0.88%, which is notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Grant, the typical annual property tax bill reaches $3,319, surpassing the national median of $2,690. Property taxes in Grant are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grant'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 Grant 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
Grant, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,582
$3,390
$1,148
Average Grant, Florida Tax Savings
Ownwell’s Grant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grant to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Grant. 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 Grant, Florida
Property taxes in Grant, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grant is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Grant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grant 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 Grant's effective property tax rate to other areas in Brevard County and the national median. For comparison, the 32949 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Grant provides valuable insights into the varying tax landscape across Brevard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grant Tax Rate
0.88%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | 0.58% | 0.68% | 0.88% | 1.28% | 1.40% |
Source: Ownwell
$1,148
Average Grant Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grant, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grant, 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 Brevard 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 Grant, 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 Grant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Grant is $407,030, with the highest median tax bill recorded at $3,319 in zip code 32949.
Average Grant Assessed Value
$407,030
Average Brevard County Assessed Value
$243,020
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grant, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | $50,000 | $232,348 | $407,030 | $517,205 | $621,515 |
Source: Ownwell
$1,148
Average Grant Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grant, Florida
In Grant, Brevard County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $407,030, homeowners can see tax bills ranging from $2,109 at the 25th percentile to $6,620 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $3,319 in the 32949 zip code. High property taxes can significantly impact homeowners, making it essential to ensure that assessments are accurate. Ownwell offers property tax appeal services to help homeowners challenge over-assessed values, potentially lowering their tax bills. By leveraging our expertise, homeowners in Grant can save on their property taxes, ensuring they only pay their fair share.
Average Grant Tax Bill
$3,319
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | $842 | $2,109 | $3,319 | $4,799 | $6,620 |
Source: Ownwell
$1,148
Average Grant Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Brevard Property Appraiser | |
| Website | www.bcpao.us |
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