White Springs, Florida Property Taxes
The median property tax rate in White Springs, FL is 1.30%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in White Springs at $63,987, the typical annual property tax bill reaches $727, which is significantly lower than the national median of $2,690. Property taxes in White Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Springs or another part of Suwannee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Springs, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$832
$787
Ownwell’s White Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Springs 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 White Springs, Florida
Property taxes in White Springs, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Springs is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within White Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Springs 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 White Springs' effective property tax rate to other counties in Florida and the national median. For comparison, the 32096 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with White Springs provides valuable insights into the varying tax landscape across Suwannee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Springs Tax Rate
1.30%
Average Suwannee County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32096 | 0.44% | 0.90% | 1.30% | 1.79% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across White Springs, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in White Springs, 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 Suwannee 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. In White Springs, 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 White Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in White Springs is $63,987, with the highest and lowest median tax bills both being $727 in the 32096 zip code.
Average White Springs Assessed Value
$63,987
Average Suwannee County Assessed Value
$82,568
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32096 | $27,736 | $38,989 | $63,987 | $94,944 | $115,452 |
Source: Ownwell
Property Tax Bills Across White Springs, Florida
In White Springs, Suwannee County, FL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. Homeowners in White Springs face a median property tax bill of $727, which is below the national median property tax rate of 0.99%. Factors influencing the tax bill include the home's assessed value, which in this area has a median home price of $63,987. The tax bill varies significantly, with the 25th percentile at $523 and the 75th percentile at $879, reaching up to $1,343 at the 90th percentile. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. The relatively lower tax rate in White Springs can be advantageous for homeowners, making it a more affordable option compared to areas with higher property tax rates. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average White Springs Tax Bill
$727
Average Suwannee County Tax Bill
$983
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across White Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32096 | $350 | $523 | $727 | $879 | $1,343 |
Source: Ownwell