Bunnell, Florida Property Taxes
The median property tax rate in Bunnell, FL is 1.12%, slightly higher than the national median of 0.99% but just below the Florida state median of 1.14%. With a median home value of $148,950 in Bunnell, the typical annual property tax bill amounts to $1,458, which is lower than the national median of $2,690. Property taxes in Bunnell are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bunnell'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 Bunnell or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bunnell, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,668
$1,579
Ownwell’s Bunnell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunnell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunnell 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 Bunnell, Florida
Property taxes in Bunnell, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bunnell is 1.12%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Bunnell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunnell 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 Bunnell's effective property tax rate to other counties in Florida and the national median. For comparison, the 32110 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these areas compare with Bunnell provides valuable insights into the varying tax landscape across Flagler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bunnell Tax Rate
1.12%
Average Flagler County Tax Rate
1.06%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32110 | 0.47% | 0.62% | 1.12% | 1.68% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Bunnell, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bunnell, Flagler County, Florida. 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 Flagler 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 Bunnell, 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. For instance, in Bunnell, the median home price is $148,950, with tax bills ranging from $755 at the 25th percentile to $5,034 at the 90th percentile. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bunnell Assessed Value
$148,950
Average Flagler County Assessed Value
$277,189
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bunnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32110 | $54,309 | $95,373 | $148,950 | $247,218 | $307,405 |
Source: Ownwell
Property Tax Bills Across Bunnell, Florida
In Bunnell, property tax bills are calculated based on the assessed value of a home, which is determined by the Flagler County Property Appraiser. The median home price in Bunnell is $148,950. Property tax rates in the area are influenced by various factors including local government budgets, school funding requirements, and public services. Homeowners in Bunnell can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $755, while at the 75th percentile, it rises to $2,598. At the 90th percentile, homeowners might see a tax bill as high as $5,034. The median tax bill in the zip code 32110 is $1,458, which is above the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, affecting their annual budgets and overall financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Bunnell Tax Bill
$1,458
Average Flagler County Tax Bill
$3,117
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32110 | $415 | $755 | $1,458 | $2,598 | $5,034 |
Source: Ownwell