Keystone Heights, Florida Property Taxes
The median property tax rate in Keystone Heights, FL is 0.30%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Keystone Heights at $1,285,190, the typical annual property tax bill is $3,823, which is above 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 exemptions like the primary residence and agricultural exemptions. Understanding Keystone Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Keystone Heights 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
Keystone Heights, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$3,856
$3,649
Ownwell’s Keystone Heights Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keystone Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keystone Heights 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 Keystone Heights, Florida
Property taxes in Keystone Heights, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keystone Heights is 0.30%, significantly lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Keystone Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keystone Heights 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 Keystone Heights' effective property tax rate to other counties in Florida and the national median. For comparison, the highest median property tax rate in Florida is significantly higher, while the lowest median tax rate is also higher than Keystone Heights' rate. Understanding how these cities compare with Keystone Heights provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keystone Heights Tax Rate
0.30%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Keystone Heights, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Keystone Heights, 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 Putnam 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 Keystone Heights, 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 Keystone Heights is $1,285,190, with the highest and lowest median tax bills both being $3,823 in the 32656 zip code. Being aware of these valuation processes in Keystone Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Keystone Heights, Florida
Source: Ownwell
$17,300
$651,245
$1,285,190
Average Keystone Heights Assessed Value
$1,285,190
Average Putnam County Assessed Value
$96,560
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $1,285,190 | $1,285,190 | $1,285,190 | $1,285,190 | $1,285,190 |
Source: Ownwell
Property Tax Bills Across Keystone Heights, Florida
In Keystone Heights, Putnam County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, any improvements made, and comparable property values in the area. For homeowners in Keystone Heights, the median home price stands at $1,285,190, leading to a median tax bill of $3,823. This figure is consistent across the 25th, 75th, and 90th percentiles, indicating a standardized approach to tax assessments in this region. Comparatively, the national median property tax rate is 0.99%, which highlights how Keystone Heights' property tax bills align with broader national trends. Understanding these factors is crucial for homeowners as they navigate their annual financial planning. Property taxes directly impact the affordability of homeownership, influencing decisions on buying, selling, or making improvements to their properties.
Average Keystone Heights Tax Bill
$3,823
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $3,823 | $3,823 | $3,823 | $3,823 | $3,823 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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