Wellborn, Florida Property Taxes
The median property tax rate in Wellborn, FL is 1.16%, slightly higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Wellborn at $139,891, the typical annual property tax bill reaches $1,420, which is below the national median of $2,690. Property taxes in Wellborn are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wellborn'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 Wellborn or another part of Columbia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wellborn, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,623
$1,534
Ownwell’s Wellborn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellborn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellborn 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 Wellborn, Florida
Property taxes in Wellborn, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellborn is 1.16%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Wellborn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellborn 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 Wellborn's effective property tax rate to other counties in Florida and the national median. For comparison, the 32094 zip code has the highest median property tax rate of 1.16%, while the same 32094 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Wellborn provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wellborn Tax Rate
1.16%
Average Columbia County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellborn, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32094 | 0.75% | 0.87% | 1.16% | 1.56% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Wellborn, Florida
In Wellborn, 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 Columbia 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 Wellborn, 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. The median home price in Wellborn is $139,891, with tax bills ranging from $816 at the 25th percentile to $4,107 at the 90th percentile. The zip code 32094 has both the highest and lowest median tax bill at $1,420. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wellborn Assessed Value
$139,891
Average Columbia County Assessed Value
$136,286
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wellborn, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32094 | $49,940 | $80,236 | $139,891 | $192,308 | $294,586 |
Source: Ownwell
Property Tax Bills Across Wellborn, Florida
In Wellborn, Columbia County, FL, property tax bills are calculated based on the assessed value of your home, not its market value. This assessed value is determined by the county property appraiser and is used to calculate your tax liability. Factors such as the property's size, location, and any improvements or renovations can influence this assessed value. To determine the tax bill, the assessed value is multiplied by the local tax rate. In Wellborn, the median home price stands at $139,891. Property tax bills can vary significantly; the 25th percentile tax bill is $816, while the 75th percentile reaches $2,244, and the 90th percentile can be as high as $4,107. These variations highlight the impact of property characteristics and local tax rates on homeowners' annual expenses. Comparatively, the national median property tax rate is 0.99%, making Wellborn's property tax rates a critical factor for homeowners to consider when budgeting for annual expenses.
Average Wellborn Tax Bill
$1,420
Average Columbia County Tax Bill
$1,432
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellborn, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32094 | $500 | $816 | $1,420 | $2,244 | $4,107 |
Source: Ownwell