Blountstown, Florida Property Taxes
The median property tax rate in Blountstown, FL is 0.91%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Blountstown at $67,820, the typical annual property tax bill amounts to $534, significantly less than the national median of $2,690. Property taxes in Blountstown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Blountstown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blountstown 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
Blountstown, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$617
$584
Ownwell’s Blountstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blountstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blountstown 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 Blountstown, Florida
Property taxes in Blountstown, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blountstown is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Blountstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blountstown 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 Blountstown's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32424 in Blountstown has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these figures compare with Blountstown provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blountstown Tax Rate
0.91%
Average Calhoun County Tax Rate
0.84%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blountstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32424 | 0.31% | 0.59% | 0.91% | 1.52% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Blountstown, Florida
In Blountstown, 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 Calhoun 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 Blountstown, 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 Blountstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Blountstown are both $534.00, found in the 32424 zip code.
Average Blountstown Assessed Value
$67,820
Average Calhoun County Assessed Value
$61,907
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blountstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32424 | $19,001 | $32,690 | $67,820 | $116,879 | $182,300 |
Source: Ownwell
Property Tax Bills Across Blountstown, Florida
In Blountstown, located in Calhoun County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Blountstown is $67,820, with property tax bills varying significantly across different percentiles. For instance, homeowners at the 25th percentile pay approximately $307, while those at the 75th percentile face a tax bill around $1,156. At the 90th percentile, the tax bill can reach up to $1,896. The highest and lowest median tax bills in Blountstown are both recorded at $534, within the zip code 32424. Compared to the national median property tax rate of 0.99%, Blountstown’s tax bills can be seen as relatively moderate, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Blountstown Tax Bill
$534
Average Calhoun County Tax Bill
$495
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Blountstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32424 | $137 | $307 | $534 | $1,156 | $1,896 |
Source: Ownwell