Branford, Florida Property Taxes
The median property tax rate in Branford, FL is 1.01%, slightly above the national median of 0.99% but below the Florida state median of 1.14%. With the median home value in Branford, the typical annual property tax bill reaches $1,193, significantly lower than the national median of $2,690. Property taxes in Branford 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 Branford'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 Branford 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
Branford, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,119
$1,058
Ownwell’s Branford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Branford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Branford 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 Branford, Florida
Property taxes in Branford, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Branford is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Branford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Branford 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 Branford's effective property tax rate to other areas in Florida and the national median. For comparison, the 32008 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Branford provides valuable insights into the varying tax landscape across Gilchrist County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Branford Tax Rate
1.01%
Average Gilchrist County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Branford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32008 | 0.52% | 0.69% | 1.01% | 1.62% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Branford, Florida
In Branford, 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 Gilchrist 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 Branford, 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. With a median home price of $110,776, the tax bill for the 25th percentile is $673, while the 75th percentile sees a tax bill of $1,934. The highest median tax bill in Branford is $1,193, found in the 32008 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 Branford Assessed Value
$110,776
Average Gilchrist County Assessed Value
$108,197
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Branford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32008 | $53,416 | $78,178 | $110,776 | $171,685 | $264,948 |
Source: Ownwell
Property Tax Bills Across Branford, Florida
In Branford, located in Gilchrist 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 then multiplied by the local property tax rate. For homeowners in Branford, the median home price stands at $110,776. Property tax bills can vary significantly, with the 25th percentile at $673 and the 75th percentile reaching $1,934, indicating a wide range of tax liabilities depending on property value and applicable exemptions. The highest median tax bill in the area is $1,193, found in the zip code 32008, which is consistent across the board. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Branford's rates reflect the local economic conditions and public service needs, making it crucial for homeowners to understand how their tax bills are determined and how they contribute to the community.
Average Branford Tax Bill
$1,193
Average Gilchrist County Tax Bill
$1,052
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Branford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32008 | $387 | $673 | $1,193 | $1,934 | $3,137 |
Source: Ownwell