Trenton, Florida Property Taxes
The median property tax rate in Trenton, FL is 0.94%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Trenton, the typical annual property tax bill is $992, well below the national median of $2,690. Property taxes in Trenton 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 Trenton'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 Trenton 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
Trenton, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$935
$885
Ownwell’s Trenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trenton 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 Trenton, Florida
Property taxes in Trenton, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trenton is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Trenton set these rates annually, and they can vary across different neighborhoods. Each year, Trenton 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 Trenton's effective property tax rate to other areas in Gilchrist County and the national median. For comparison, the zip code 32693 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Trenton 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 Trenton Tax Rate
0.94%
Average Gilchrist County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | 0.57% | 0.74% | 0.94% | 1.60% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Trenton, Florida
In Trenton, 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 Trenton, 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 Trenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32693 has the highest and lowest median tax bill, both at $992, demonstrating a consistent tax environment across the region.
Average Trenton Assessed Value
$99,453
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 Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | $38,602 | $61,434 | $99,453 | $162,704 | $240,761 |
Source: Ownwell
Property Tax Bills Across Trenton, Florida
In Trenton, 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 tax rate to determine the annual property tax bill. For example, with a median home price of $99,453, the tax bill can vary significantly. Homeowners in Trenton typically see tax bills ranging from $624 at the 25th percentile to $1,756 at the 75th percentile, with the 90th percentile reaching up to $2,685. The tax rate in Trenton is compared to the national median property tax rate of 0.99%, offering a perspective on how local taxes align with broader trends. Factors influencing the tax bill include property improvements, market conditions, and any applicable exemptions. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their property expenses effectively.
Average Trenton Tax Bill
$992
Average Gilchrist County Tax Bill
$1,052
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | $330 | $624 | $992 | $1,756 | $2,685 |
Source: Ownwell