Fleming Island, Florida Property Taxes
The median property tax rate in Fleming Island, FL is 1.29%, noticeably higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $313,272, the typical annual property tax bill in Fleming Island reaches $3,873, surpassing the national median of $2,690. Property taxes here 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 Fleming Island'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 Fleming Island or another part of Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fleming Island, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$4,041
$3,821
Ownwell’s Fleming Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fleming Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fleming Island to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Clay County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Fleming Island, Florida
Property taxes in Fleming Island, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fleming Island is 0.79%, lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Fleming Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fleming Island 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 Fleming Island's effective property tax rate to other counties in Florida and the national median. For comparison, the 32003 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 cities compare with Fleming Island provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fleming Island Tax Rate
1.29%
Average Clay County Tax Rate
1.07%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fleming Island, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32003 | 0.72% | 0.94% | 1.29% | 1.58% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Fleming Island, Florida
In Fleming Island, 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 Clay 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 Fleming Island, 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 Fleming Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32003 has the highest and lowest median tax bill at $3,873, reflecting the diverse property values within the region.
Average Fleming Island Assessed Value
$313,272
Average Clay County Assessed Value
$232,293
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fleming Island, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32003 | $184,865 | $251,779 | $313,272 | $393,116 | $498,527 |
Source: Ownwell
Property Tax Bills Across Fleming Island, Florida
In Fleming Island, located in Clay County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Fleming Island is $313,272, which provides a baseline for understanding property tax obligations. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, homeowners in the 25th percentile can expect a tax bill around $2,583, while those in the 75th percentile might see bills as high as $5,411. The highest median tax bill recorded in the area is $3,873, which is significantly below the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Properly assessing these costs helps in better financial planning and ensures homeowners are adequately prepared for their tax obligations.
Average Fleming Island Tax Bill
$3,873
Average Clay County Tax Bill
$2,353
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fleming Island, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32003 | $1,879 | $2,583 | $3,873 | $5,411 | $7,060 |
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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