Palm Coast, Florida Property Taxes
The median property tax rate in Palm Coast, FL is 1.04%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Palm Coast, the typical annual property tax bill reaches $3,121, surpassing the national median of $2,690. Property taxes in Palm Coast are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Palm Coast'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 Palm Coast 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
Palm Coast, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,869
$2,715
Ownwell’s Palm Coast Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palm Coast with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palm Coast 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 Palm Coast, Florida
Property taxes in Palm Coast, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palm Coast is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Palm Coast set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palm Coast 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 Palm Coast's effective property tax rate to other areas in Flagler County and the national median. For comparison, the 32137 zip code has the highest median property tax rate of 1.12%, while the 32164 zip code has the lowest median tax rate of 0.94%. Understanding how these areas compare with Palm Coast 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 Palm Coast Tax Rate
1.04%
Average Flagler County Tax Rate
1.06%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palm Coast, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32137 | 0.52% | 0.74% | 1.12% | 1.56% | 1.73% |
| 32164 | 0.45% | 0.64% | 0.94% | 1.58% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Palm Coast, Florida
In Palm Coast, 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 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 Palm Coast, 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 instance, the highest median tax bill in Palm Coast is $3,592 in the 32137 zip code, while the lowest median tax bill is $2,689 in the 32164 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 Palm Coast Assessed Value
$275,826
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 Palm Coast, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32137 | $188,294 | $237,156 | $304,853 | $429,222 | $631,059 |
| 32164 | $204,755 | $229,550 | $260,494 | $296,949 | $339,020 |
Source: Ownwell
Property Tax Bills Across Palm Coast, Florida
In Palm Coast, located in Flagler County, FL, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and reflects a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Palm Coast experience varying tax bills. For instance, the 25th percentile tax bill stands at $1,851, while those in the 75th percentile pay around $4,571. At the 90th percentile, tax bills can reach up to $6,555. The highest median tax bill in the area is $3,592 in the 32137 zip code, whereas the lowest median tax bill is $2,689 in the 32164 zip code. These figures illustrate the range of property tax burdens and underscore the importance of understanding how assessed values and tax rates impact homeowners financially.
Average Palm Coast Tax Bill
$3,121
Average Flagler County Tax Bill
$3,117
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Palm Coast, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32137 | $1,165 | $2,138 | $3,592 | $5,504 | $8,247 |
| 32164 | $1,033 | $1,648 | $2,689 | $3,897 | $4,753 |
Source: Ownwell