Chattahoochee, Florida Property Taxes
The median property tax rate in Chattahoochee, FL is 0.91%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With a median home value of $62,817 in Chattahoochee, the typical annual property tax bill amounts to $492, much less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Chattahoochee'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 Chattahoochee or another part of Gadsden County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chattahoochee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$572
$540
Ownwell’s Chattahoochee Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Chattahoochee with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Chattahoochee to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Chattahoochee, Florida
Property taxes in Chattahoochee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chattahoochee is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Chattahoochee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chattahoochee 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 Chattahoochee's effective property tax rate to other areas in Florida and the national median. For comparison, the 32324 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Chattahoochee provides valuable insights into the varying tax landscape across Gadsden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chattahoochee Tax Rate
0.91%
Average Gadsden County Tax Rate
0.91%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chattahoochee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32324 | 0.27% | 0.47% | 0.91% | 1.37% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Chattahoochee, Florida
In Chattahoochee, 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 Gadsden 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 Chattahoochee, 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. The median home price in Chattahoochee is $62,817, with tax bills ranging from $278 at the 25th percentile to $1,372 at the 90th percentile. The zip code with the highest median tax bill is 32324, with a tax bill of $492. 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 Chattahoochee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chattahoochee Assessed Value
$62,817
Average Gadsden County Assessed Value
$92,320
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chattahoochee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32324 | $20,258 | $41,349 | $62,817 | $97,624 | $145,269 |
Source: Ownwell
Property Tax Bills Across Chattahoochee, Florida
In Chattahoochee, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Gadsden County can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $278 and the 75th percentile reaching $851. The 90th percentile tax bill can go up to $1372. Factors that influence the tax bill include the home's assessed value, applicable exemptions, and the local tax rate. For instance, the highest median tax bill in the area is $492, which is associated with the zip code 32324. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Chattahoochee may appear more favorable, potentially making it an attractive location for homeowners looking for lower property taxes.
Average Chattahoochee Tax Bill
$492
Average Gadsden County Tax Bill
$831
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Chattahoochee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32324 | $137 | $278 | $492 | $851 | $1,372 |
Source: Ownwell