Ebro, Florida Property Taxes
The median property tax rate in Ebro, Florida is 0.85%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Ebro at $70,922, the typical annual property tax bill amounts to $549, significantly below the national median of $2,690. Property taxes in Ebro are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ebro'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 Ebro 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
Ebro, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$603
$571
Ownwell’s Ebro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ebro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ebro 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 Ebro, Florida
Property taxes in Ebro, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ebro is 0.85%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Ebro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ebro 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 Ebro's effective property tax rate to other counties in Florida and the national median. For comparison, the 32437 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Ebro provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ebro Tax Rate
0.85%
Average Washington County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ebro, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32437 | 0.24% | 0.42% | 0.85% | 1.24% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Ebro, Florida
In Ebro, 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 Washington 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 Ebro, 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 Ebro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 32437, with a median tax bill of $549.
Average Ebro Assessed Value
$70,922
Average Washington County Assessed Value
$92,402
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ebro, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32437 | $27,276 | $40,788 | $70,922 | $110,154 | $147,561 |
Source: Ownwell
Property Tax Bills Across Ebro, Florida
Property tax bills in Ebro, located in Washington County, FL, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. In Ebro, the median home price is $70,922, and the property tax rate is compared to the national median of 0.99%. Homeowners in this region can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $350, while the 75th percentile reaches $808, and the 90th percentile can go up to $1,159. The highest and lowest median tax bills in the area both stand at $549, indicating a relatively stable range within the zip code 32437. These property tax bills impact homeowners by influencing their annual expenses, which can affect budgeting and financial planning. Lower property taxes can be beneficial for homeowners, making Ebro an attractive place for those looking to manage their living costs effectively.
Average Ebro Tax Bill
$549
Average Washington County Tax Bill
$731
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ebro, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32437 | $139 | $350 | $549 | $808 | $1,159 |
Source: Ownwell