Gretna, Florida Property Taxes
The median property tax rate in Gretna, FL is 1.18%, higher than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Gretna at $55,414, the typical annual property tax bill is $550, which is below the national median of $2,690. Property taxes in Gretna are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Gretna'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 Gretna 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
Gretna, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$654
$618
Ownwell’s Gretna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gretna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gretna 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 Gretna, Florida
Property taxes in Gretna, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gretna is 1.18%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Gretna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gretna 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 Gretna's effective property tax rate to other counties in Florida and the national median. For comparison, the 32332 zip code has the highest median property tax rate of 1.18%, while the 32332 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Gretna 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 Gretna Tax Rate
1.18%
Average Gadsden County Tax Rate
0.91%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gretna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32332 | 0.27% | 0.61% | 1.18% | 1.65% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Gretna, Florida
In Gretna, 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 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 Gretna, 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 Gretna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 32332, with a median tax bill of $550.
Average Gretna Assessed Value
$55,414
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 Gretna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32332 | $20,934 | $35,604 | $55,414 | $89,056 | $130,636 |
Source: Ownwell
Property Tax Bills Across Gretna, Florida
In Gretna, located in Gadsden County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For context, the median home price in Gretna is $55,414. Property tax bills can vary significantly, with the 25th percentile paying around $333, while the 75th percentile pays approximately $895. The top 10% of taxpayers might see bills as high as $1,431. Several factors influence the assessed value, including the home's market value, location, and any applicable exemptions. Homeowners in Gretna should be aware that their property tax rate can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Gretna's rates may offer some relief, but individual circumstances and property values will ultimately determine the exact tax burden. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Gretna Tax Bill
$550
Average Gadsden County Tax Bill
$831
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Gretna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32332 | $150 | $333 | $550 | $895 | $1,431 |
Source: Ownwell