Fountain, Florida Property Taxes
The median property tax rate in Fountain, FL is 0.74%, lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Fountain at $51,379, the typical annual property tax bill is $401, significantly below the national median of $2,690. Property taxes in Fountain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fountain'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 Fountain 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
Fountain, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$380
$360
Ownwell’s Fountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain 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 Fountain, Florida
Property taxes in Fountain, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Fountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain 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 Fountain's effective property tax rate to other counties in Florida and the national median. For comparison, the 32438 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Fountain provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fountain Tax Rate
0.74%
Average Calhoun County Tax Rate
0.84%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | 0.16% | 0.50% | 0.74% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Fountain, Florida
In Fountain, 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 Calhoun 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 Fountain, 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 Fountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 32438, with a median tax bill of $401.
Average Fountain Assessed Value
$51,379
Average Calhoun County Assessed Value
$61,907
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | $21,344 | $33,580 | $51,379 | $78,186 | $125,937 |
Source: Ownwell
Property Tax Bills Across Fountain, Florida
In Fountain, located in Calhoun County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, which for the median home price in Fountain is $51,379. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property location, home size, and any applicable exemptions or deductions. For instance, the 25th percentile of tax bills in Fountain is $243, while the 75th percentile reaches $734, and the 90th percentile goes up to $1,430. These variations demonstrate how different factors can significantly impact the final amount homeowners are required to pay. Compared to the national median property tax rate of 0.99%, Fountain's tax bills reflect a range that can either be below or above this average, affecting homeowners differently based on their specific circumstances.
Average Fountain Tax Bill
$401
Average Calhoun County Tax Bill
$495
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | $84 | $243 | $401 | $734 | $1,430 |
Source: Ownwell