Youngstown, Florida Property Taxes
The median property tax rate in Youngstown, FL is 1.02%, slightly higher than the national median of 0.99% but lower than Florida's state median of 1.14%. With a median home value of $59,696, the typical annual property tax bill in Youngstown is around $450, which is significantly below the national median of $2,690. Property taxes in Youngstown are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Youngstown'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 Youngstown or elsewhere in Calhoun County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngstown, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$609
$576
Ownwell’s YOUNGSTOWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in YOUNGSTOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in YOUNGSTOWN 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 Youngstown, Florida
Property taxes in Youngstown, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngstown is 1.02%, slightly higher than the U.S. national median of 0.99%. Local government entities within Youngstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngstown 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 Youngstown's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 32466 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Youngstown 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 Youngstown Tax Rate
1.02%
Average Calhoun County Tax Rate
0.84%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | 0.46% | 0.58% | 1.02% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Youngstown, Florida
In Youngstown, 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 Youngstown, 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. For example, the median home price in Youngstown is $59,696, with tax bills ranging from $358 at the 25th percentile to $2,586 at the 90th percentile. The highest and lowest median tax bills are both $450 in the 32466 zip code. 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 Youngstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Youngstown Assessed Value
$59,696
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 Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $19,317 | $32,299 | $59,696 | $124,205 | $222,992 |
Source: Ownwell
Property Tax Bills Across Youngstown, Florida
In Youngstown, located in Calhoun County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by the county. With a median home price of $59,696, homeowners can expect varying tax bills depending on their property's specific assessed value and any applicable exemptions. For instance, the tax bill for the 25th percentile is around $358, while it rises to $1,045 for the 75th percentile and can reach up to $2,586 for the 90th percentile. These figures highlight the range of property tax bills homeowners might encounter. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Youngstown need to be mindful of these factors as they significantly influence annual financial planning and the overall cost of homeownership. Understanding the local property tax system is crucial for managing expenses effectively.
Average Youngstown Tax Bill
$450
Average Calhoun County Tax Bill
$495
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $195 | $358 | $450 | $1,045 | $2,586 |
Source: Ownwell