Greenville, Florida Property Taxes
The median property tax rate in Greenville, FL is 1.15%, slightly higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value in Greenville of $92,279, the typical annual property tax bill is $988, which is below the national median of $2,690. Property taxes in Greenville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenville'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 Greenville or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,061
$1,003
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Florida
Property taxes in Greenville, Florida, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Greenville stands at 1.15%, which exceeds both the Florida state median and the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in Florida and the national median. For comparison, the 32331 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with Greenville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenville Tax Rate
1.15%
Average Jefferson County Tax Rate
1.11%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | 0.75% | 0.91% | 1.15% | 1.57% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Florida
In Greenville, 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 Jefferson 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 Greenville, 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. The median home price in Greenville is $92,279, with annual tax bills ranging widely. For instance, the 25th percentile tax bill is $740, while the 75th percentile tax bill is $1,576, and the 90th percentile tax bill reaches $2,253. The highest and lowest median tax bills, both at $988, are found in the 32331 zip code. Being aware of these valuation processes in Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenville Assessed Value
$92,279
Average Jefferson County Assessed Value
$99,936
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | $45,517 | $66,637 | $92,279 | $137,685 | $223,675 |
Source: Ownwell
Property Tax Bills Across Greenville, Florida
In Greenville, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Greenville can expect their tax bills to vary significantly depending on the value of their property. For instance, the 25th percentile tax bill stands at $740, while the 75th percentile tax bill reaches $1,576. Those in the 90th percentile face a tax bill of $2,253. The median home price in Greenville is $92,279, and the median property tax rate in Jefferson County is comparable to the national median of 0.99%. This means that homeowners with properties valued around the median price can expect an annual tax bill close to the county's highest and lowest median tax bill of $988. Various factors, such as property improvements and neighborhood changes, can also influence the assessed value, thereby affecting the tax bill. Understanding these elements helps homeowners anticipate their annual property tax obligations more accurately.
Average Greenville Tax Bill
$988
Average Jefferson County Tax Bill
$1,108
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | $555 | $740 | $988 | $1,576 | $2,253 |
Source: Ownwell