Grant Valkaria, Florida Property Taxes
The median property tax rate in Grant Valkaria, FL is 0.91%, slightly below the national median of 0.99% and considerably lower than the Florida state median of 1.14%. With a median home value of $415,475, the typical annual property tax bill in Grant Valkaria reaches $3,169, surpassing the national median of $2,690. Property taxes in Grant Valkaria 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 Grant Valkaria'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 Grant Valkaria or another part of Brevard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grant Valkaria, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$3,781
$3,575
$1,148
Average Grant Valkaria, Florida Tax Savings
Ownwell’s Grant Valkaria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grant Valkaria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grant Valkaria to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Grant Valkaria. 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 Grant Valkaria, Florida
Property taxes in Grant Valkaria, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grant Valkaria is 0.91%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Grant Valkaria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grant Valkaria 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 Grant Valkaria's effective property tax rate to other areas in Florida and the national median. For comparison, the 32949 zip code has the highest median property tax rate of 1.23%, while the 32950 zip code has the lowest median tax rate of 0.72%. Understanding how these areas compare with Grant Valkaria provides valuable insights into the varying tax landscape across Brevard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grant Valkaria Tax Rate
0.91%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant Valkaria, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | 0.79% | 0.90% | 1.23% | 1.36% | 1.44% |
| 32950 | 0.69% | 0.70% | 0.72% | 0.73% | 0.73% |
Source: Ownwell
$1,148
Average Grant Valkaria Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grant Valkaria, Florida
In Grant Valkaria, 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 Brevard 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 Grant Valkaria, 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 Grant Valkaria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,193 in zip code 32949, while the lowest median tax bill is $3,169 in zip code 32950.
Average Grant Valkaria Assessed Value
$415,475
Average Brevard County Assessed Value
$243,020
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grant Valkaria, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | $64,696 | $263,352 | $382,530 | $544,228 | $636,125 |
| 32950 | $371,198 | $408,485 | $450,445 | $496,318 | $540,647 |
Source: Ownwell
$1,148
Average Grant Valkaria Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grant Valkaria, Florida
In Grant Valkaria, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $415,475, homeowners in Brevard County can expect their tax bill to vary significantly. The 25th percentile tax bill is around $2,617, while the 75th percentile reaches $4,303, and the 90th percentile peaks at $7,016. These figures highlight the importance of accurate property assessments. Factors such as property size, location, and improvements influence your home's assessed value, directly impacting your tax bill. Compared to the national median property tax rate of 0.99%, the rates in Grant Valkaria may seem more manageable, but they can still pose a financial burden. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By ensuring your property is fairly assessed, Ownwell can help reduce your tax burden. Our team navigates the complex tax appeal process, potentially saving you hundreds or even thousands of dollars annually.
Average Grant Valkaria Tax Bill
$3,169
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant Valkaria, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32949 | $836 | $1,390 | $3,193 | $5,026 | $7,929 |
| 32950 | $2,725 | $2,997 | $3,169 | $3,402 | $3,787 |
Source: Ownwell
$1,148
Average Grant Valkaria Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Brevard Property Appraiser | |
| Website | www.bcpao.us |
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