Steinhatchee, Florida Property Taxes
The median property tax rate in Steinhatchee, FL is 1.88%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Steinhatchee at $58,300, the typical annual property tax bill reaches $902, which is notably lower than the national median of $2,690. Property taxes in Steinhatchee 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 Steinhatchee'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 Steinhatchee 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
Steinhatchee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,096
$1,037
Ownwell’s Steinhatchee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steinhatchee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steinhatchee 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 Steinhatchee, Florida
Property taxes in Steinhatchee, Florida, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Steinhatchee is 1.88%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities in Steinhatchee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steinhatchee 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 Steinhatchee's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 32359 has both the highest and lowest median property tax rate of 1.88%. Understanding how these areas compare with Steinhatchee provides valuable insights into the varying tax landscape across Dixie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Steinhatchee Tax Rate
1.88%
Average Dixie County Tax Rate
1.35%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | 0.69% | 1.01% | 1.88% | 2.27% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Steinhatchee, Florida
In Steinhatchee, 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 Dixie 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 Steinhatchee, 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 Steinhatchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Steinhatchee is $58,300, with tax bills ranging from $540 at the 25th percentile to $4,411 at the 90th percentile. The zip code 32359 has the highest and lowest median tax bill, both at $902.
Average Steinhatchee Assessed Value
$58,300
Average Dixie County Assessed Value
$64,100
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | $23,490 | $37,000 | $58,300 | $128,325 | $243,990 |
Source: Ownwell
Property Tax Bills Across Steinhatchee, Florida
In Steinhatchee, located in Dixie County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market conditions, and comparable property values are considered in the assessment process. For homeowners in Steinhatchee, the median home price is $58,300. The property tax rates in this area can lead to significant variations in tax bills. For example, the 25th percentile tax bill is $540, while the 75th percentile tax bill is $2,028, and the 90th percentile reaches up to $4,411. This indicates that depending on the specific assessed value and applicable exemptions, homeowners can expect a wide range of property tax bills. Compared to the national median property tax rate of 0.99%, Steinhatchee’s rates reflect the localized economic factors, impacting homeowners differently based on their property’s assessed value.
Average Steinhatchee Tax Bill
$902
Average Dixie County Tax Bill
$835
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | $310 | $540 | $902 | $2,028 | $4,411 |
Source: Ownwell