Ponce De Leon, Florida Property Taxes
The median property tax rate in Ponce de Leon, FL, is 0.80%, 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 Ponce de Leon, the typical annual property tax bill is $449, significantly below the national median of $2,690. Property taxes in Ponce de Leon are calculated based on the assessed value, which often falls below market value due to exemptions like primary residence and agricultural exemptions. Understanding Ponce de Leon'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 Ponce de Leon or another part of Holmes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ponce De Leon, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$437
$414
Ownwell’s Ponce de Leon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ponce de Leon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ponce de Leon 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 Ponce De Leon, Florida
Property taxes in Ponce De Leon, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ponce De Leon is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Ponce De Leon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ponce De Leon 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 Ponce De Leon's effective property tax rate to other areas in Holmes County and the national median. For comparison, the zip code 32455 has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Ponce De Leon provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ponce De Leon Tax Rate
0.80%
Average Holmes County Tax Rate
0.87%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | 0.30% | 0.62% | 0.80% | 1.50% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Ponce De Leon, Florida
In Ponce de Leon, 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 Holmes 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. Assessment notices in Ponce de Leon 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 Ponce de Leon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $449, found in the zip code 32455.
Average Ponce De Leon Assessed Value
$54,668
Average Holmes County Assessed Value
$55,786
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | $18,600 | $31,969 | $54,668 | $78,738 | $123,022 |
Source: Ownwell
Property Tax Bills Across Ponce De Leon, Florida
In Ponce de Leon, located in Holmes County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in this city is $54,668. The tax rate in this region is applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $263, while at the 75th percentile, it rises to $789, and at the 90th percentile, it reaches $1,323. These figures illustrate the range of tax bills homeowners might expect based on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Ponce de Leon may find their tax bills more manageable, though this can vary significantly based on individual property assessments and local tax rates. This variability in tax bills can impact homeowners' financial planning and overall cost of living.
Average Ponce De Leon Tax Bill
$449
Average Holmes County Tax Bill
$469
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | $126 | $263 | $449 | $789 | $1,323 |
Source: Ownwell