Pensacola, Florida Property Taxes
The median property tax rate in Pensacola, FL is 0.92%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Pensacola, the typical annual property tax bill reaches $1,356, significantly below the national median of $2,690. Property taxes in Pensacola 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 Pensacola'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 Pensacola 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
Pensacola, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,487
$1,406
Ownwell’s Pensacola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pensacola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pensacola 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 Pensacola, Florida
Property taxes in Pensacola, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pensacola is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Pensacola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pensacola 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 Pensacola's effective property tax rate to other areas in Escambia County and the national median. For comparison, the 32502 zip code has the highest median property tax rate of 1.35%, while the 32534 zip code has the lowest median tax rate of 0.74%. Understanding how these areas compare with Pensacola provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pensacola Tax Rate
0.92%
Average Escambia County Tax Rate
0.90%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pensacola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32501 | 0.28% | 0.52% | 1.24% | 1.57% | 1.72% |
| 32502 | 0.32% | 0.69% | 1.35% | 1.61% | 1.72% |
| 32503 | 0.35% | 0.55% | 0.95% | 1.52% | 1.69% |
| 32504 | 0.46% | 0.65% | 0.91% | 1.40% | 1.66% |
| 32505 | 0.32% | 0.51% | 1.14% | 1.41% | 1.56% |
| 32506 | 0.44% | 0.55% | 0.81% | 1.35% | 1.43% |
| 32507 | 0.47% | 0.71% | 1.26% | 1.37% | 1.59% |
| 32514 | 0.46% | 0.57% | 0.77% | 1.33% | 1.41% |
| 32526 | 0.43% | 0.54% | 0.77% | 1.30% | 1.40% |
| 32534 | 0.44% | 0.54% | 0.74% | 1.35% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Pensacola, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pensacola, Florida. The market value represents 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 for tax purposes by the local appraisal district. 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 Pensacola, 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. For example, the highest median tax bill in Pensacola is $1,968 in the 32502 zip code, while the lowest is $800 in the 32505 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pensacola Assessed Value
$161,638
Average Escambia County Assessed Value
$168,090
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pensacola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32501 | $47,963 | $81,670 | $130,472 | $238,938 | $380,546 |
| 32502 | $72,450 | $111,446 | $182,082 | $293,178 | $544,436 |
| 32503 | $77,220 | $116,998 | $180,030 | $283,439 | $395,799 |
| 32504 | $93,444 | $128,098 | $177,104 | $236,940 | $341,897 |
| 32505 | $42,949 | $64,948 | $87,393 | $115,470 | $205,015 |
| 32506 | $67,913 | $102,148 | $150,105 | $214,229 | $271,542 |
| 32507 | $23,000 | $93,481 | $201,932 | $367,692 | $559,418 |
| 32514 | $88,396 | $123,272 | $174,022 | $222,260 | $301,502 |
| 32526 | $74,775 | $124,179 | $176,718 | $251,291 | $338,098 |
| 32534 | $42,636 | $98,689 | $146,769 | $196,040 | $240,077 |
Source: Ownwell
Property Tax Bills Across Pensacola, Florida
In Pensacola, located in Escambia 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 often a percentage of the market value of the property. For example, with a median home price of $161,638, the tax bill can vary significantly depending on the specific neighborhood and property characteristics. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For instance, the 25th percentile tax bill in Pensacola is $694, while the 75th percentile reaches up to $2,399, indicating a wide range of possible tax amounts. The highest median tax bill in the area is $1,968 in the 32502 zip code, whereas the lowest median tax bill is $800 in the 32505 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations.
Average Pensacola Tax Bill
$1,356
Average Escambia County Tax Bill
$1,398
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Pensacola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32501 | $300 | $584 | $1,202 | $2,443 | $4,462 |
| 32502 | $432 | $931 | $1,968 | $4,113 | $6,520 |
| 32503 | $464 | $776 | $1,629 | $2,918 | $4,520 |
| 32504 | $571 | $999 | $1,619 | $2,608 | $3,841 |
| 32505 | $226 | $429 | $800 | $1,222 | $1,855 |
| 32506 | $392 | $708 | $1,233 | $1,893 | $2,781 |
| 32507 | $161 | $664 | $1,795 | $4,023 | $6,643 |
| 32514 | $499 | $866 | $1,373 | $2,101 | $2,906 |
| 32526 | $450 | $743 | $1,405 | $2,360 | $3,466 |
| 32534 | $365 | $598 | $1,145 | $1,806 | $2,571 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Escambia Property Appraiser | |
| Website | www.escpa.org |