Hilliard, Florida Property Taxes
The median property tax rate in Hilliard, FL is 0.82%, 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 $160,196 in Hilliard, the typical annual property tax bill comes to $1,340, significantly below the national median of $2,690. Property taxes in Hilliard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hilliard'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 Hilliard or another part of Nassau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilliard, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,314
$1,242
Ownwell’s Hilliard Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers in Hilliard, Florida. By simply entering your property's estimated assessed value, our calculator applies the median tax rate in Hilliard to give you an accurate estimate of your annual property tax bill. This tool provides a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular details, you can explore neighborhood-specific trends and insights by scrolling down. Your property’s assessed value, determined by Nassau County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hilliard, Florida
Property taxes in Hilliard, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilliard is 0.82%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Hilliard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilliard 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 Hilliard's effective property tax rate to other counties in Florida and the national median. For comparison, the 32046 zip code has both the highest and lowest median property tax rate of 0.82%. Understanding how these areas compare with Hilliard provides valuable insights into the varying tax landscape across Nassau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilliard Tax Rate
0.82%
Average Nassau County Tax Rate
1.05%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilliard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32046 | 0.39% | 0.54% | 0.82% | 1.35% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hilliard, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hilliard, Florida. 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 Nassau 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 Hilliard, 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 Hilliard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hilliard is $160,196, with the highest median tax bill found in the 32046 zip code at $1,340.
Average Hilliard Assessed Value
$160,196
Average Nassau County Assessed Value
$279,164
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilliard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32046 | $67,972 | $105,283 | $160,196 | $224,420 | $316,781 |
Source: Ownwell
Property Tax Bills Across Hilliard, Florida
In Hilliard, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Nassau County. The assessed value is determined by the county assessor and is a percentage of your property's market value. For homeowners in Hilliard, the median home price is $160,196. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence your property tax bill, including property size, location, and any improvements made to the home. In Hilliard, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $727, while at the 75th percentile, it is $2,143, and at the 90th percentile, it reaches $3,169. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparing these figures to the national median property tax rate of 0.99%, it's evident that property taxes in Hilliard can be a significant expense for residents.
Average Hilliard Tax Bill
$1,340
Average Nassau County Tax Bill
$2,832
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilliard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32046 | $416 | $727 | $1,340 | $2,143 | $3,169 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Nassau Property Appraiser | |
| Website | maps.nassauflpa.com |