Hastings, Florida Property Taxes
The median property tax rate in Hastings, FL is 0.92%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $213,316 in Hastings, the typical annual property tax bill amounts to $2,073, falling below the national median of $2,690. Property taxes in Hastings are calculated based on the tax assessed value, which usually is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hastings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hastings or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hastings, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,963
$1,857
Ownwell’s Hastings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hastings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hastings 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 Hastings, Florida
Property taxes in Hastings, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hastings is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Hastings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hastings 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 Hastings' effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32145 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Hastings provides valuable insights into the varying tax landscape across Flagler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hastings Tax Rate
0.92%
Average Flagler County Tax Rate
1.06%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | 0.53% | 0.68% | 0.92% | 1.17% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Hastings, Florida
In Hastings, 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 Flagler 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 Hastings, 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 Hastings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hastings, the highest median tax bill is $2,073 in zip code 32145, while the lowest median tax bill is also $2,073 in the same zip code.
Average Hastings Assessed Value
$213,316
Average Flagler County Assessed Value
$277,189
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | $196,154 | $202,590 | $213,316 | $224,041 | $230,477 |
Source: Ownwell
Property Tax Bills Across Hastings, Florida
In Hastings, located in Flagler County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property, reflecting its estimated selling price. The tax rate, applied to this assessed value, is a key factor in determining the final tax bill. For Hastings, the median home price is $213,316, and property owners can expect varying tax bills depending on their home's value and specific circumstances. Homeowners in Hastings typically see a range of property tax bills. For example, the 25th percentile tax bill is $1,453, while those in the 75th percentile face bills around $2,694. At the higher end, the 90th percentile tax bill reaches $3,067. The highest and lowest median tax bills in the area are both $2,073, indicating some consistency in tax assessments within the region. These property taxes directly impact homeowners' annual expenses and can influence decisions regarding homeownership and real estate investments.
Average Hastings Tax Bill
$2,073
Average Flagler County Tax Bill
$3,117
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | $1,080 | $1,453 | $2,073 | $2,694 | $3,067 |
Source: Ownwell