Chipley, Florida Property Taxes
The median property tax rate in Chipley, FL is 0.70%, 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 Chipley at $197,273, the typical annual property tax bill amounts to $1,438, falling well below the national median of $2,690. Property taxes in Chipley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chipley'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 Chipley 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
Chipley, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,381
$1,307
Ownwell’s Chipley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chipley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chipley 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 Chipley, Florida
Property taxes in Chipley, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chipley is 0.70%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Chipley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chipley 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 Chipley's effective property tax rate to other counties in Florida and the national median. For comparison, the 32428 zip code has the highest median property tax rate of 0.70%, while the 32428 zip code has the lowest median tax rate of 0.70%. Understanding how these cities compare with Chipley provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chipley Tax Rate
0.70%
Average Jackson County Tax Rate
0.68%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chipley, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32428 | 0.60% | 0.64% | 0.70% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Chipley, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chipley, 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 Jackson 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 Chipley, 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, the median home price here is $197,273, and the median tax bill ranges from $1,129 at the 25th percentile to $1,933 at the 90th percentile. The zip code 32428 has the highest and lowest median tax bill of $1,438. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chipley Assessed Value
$197,273
Average Jackson County Assessed Value
$75,077
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chipley, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32428 | $152,839 | $169,502 | $197,273 | $225,044 | $241,707 |
Source: Ownwell
Property Tax Bills Across Chipley, Florida
In Chipley, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For homeowners in Chipley, the median home price is $197,273. Property tax rates are applied to the assessed value, resulting in a tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, homeowners in Chipley can expect tax bills ranging from $1,129 at the 25th percentile to $1,747 at the 75th percentile, with the 90th percentile reaching up to $1,933. The highest and lowest median tax bills in the area are both $1,438, located in the 32428 zip code. Compared to the national median property tax rate of 0.99%, Chipley's tax rates can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Chipley Tax Bill
$1,438
Average Jackson County Tax Bill
$487
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Chipley, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32428 | $943 | $1,129 | $1,438 | $1,747 | $1,933 |
Source: Ownwell