Santa Rosa Beach, Florida Property Taxes
The median property tax rate in Santa Rosa Beach, FL is 0.79%, which is significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Santa Rosa Beach at $615,292, the typical annual property tax bill reaches $4,315, surpassing the national median of $2,690. Property taxes in Santa Rosa Beach 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 Santa Rosa Beach'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 Santa Rosa Beach or another part of Walton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Santa Rosa Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$4,861
$4,596
Ownwell’s Santa Rosa Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Santa Rosa Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Santa Rosa Beach 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 Santa Rosa Beach, Florida
Property taxes in Santa Rosa Beach, Florida, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Santa Rosa Beach is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Santa Rosa Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Santa Rosa Beach 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 Santa Rosa Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 32459 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Santa Rosa Beach provides valuable insights into the varying tax landscape across Walton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Santa Rosa Beach Tax Rate
0.79%
Average Walton County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Santa Rosa Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32459 | 0.40% | 0.62% | 0.79% | 0.87% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Santa Rosa Beach, Florida
In Santa Rosa Beach, 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 Walton 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 Santa Rosa Beach, 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. The median home price in Santa Rosa Beach is $615,292, with tax bills ranging from $2,291 at the 25th percentile to $16,222 at the 90th percentile. The zip code 32459 has the highest and lowest median tax bill at $4,315. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Santa Rosa Beach, Florida
Source: Ownwell
$51,685
$710,978
$1,370,271
Average Santa Rosa Beach Assessed Value
$615,292
Average Walton County Assessed Value
$398,232
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Santa Rosa Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32459 | $223,948 | $357,916 | $615,292 | $1,165,941 | $2,060,858 |
Source: Ownwell
Property Tax Bills Across Santa Rosa Beach, Florida
In Santa Rosa Beach, located in Walton County, FL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county property appraiser and reflects the market value of the property. Homeowners in Santa Rosa Beach face varying tax bills depending on the value of their property. For instance, the median home price in the area is $615,292, which contributes to higher tax bills. The tax bill can range significantly; the 25th percentile sees bills around $2,291, while the 75th percentile faces approximately $8,785. For the top 10% of properties, tax bills can soar to $16,222. These figures highlight the variability in property tax burdens among homeowners. The highest and lowest median tax bills in the area are both $4,315, illustrating a level of consistency within certain brackets. Compared to the national median property tax rate of 0.99%, homeowners in Santa Rosa Beach may experience higher or lower rates based on their property's assessed value and the specific local tax rates imposed.
Average Santa Rosa Beach Tax Bill
$4,315
Average Walton County Tax Bill
$2,924
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Santa Rosa Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32459 | $1,141 | $2,291 | $4,315 | $8,785 | $16,222 |
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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