Tallahassee, Florida Property Taxes
The median property tax rate in Tallahassee, FL is 1.94%, significantly higher than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $187,600 in Tallahassee, the typical annual property tax bill reaches $3,640, far exceeding the national median of $2,690. Property taxes in Tallahassee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tallahassee'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 Tallahassee 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
Tallahassee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$364
$344
Ownwell’s Tallahassee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tallahassee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tallahassee 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 Tallahassee, Florida
Property taxes in Tallahassee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tallahassee is 1.94%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Tallahassee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tallahassee 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 Tallahassee's effective property tax rate to other counties in Florida and the national median. For comparison, the 32309 zip code has the highest median property tax rate of 1.94%, while the lowest median tax rate is also 1.94% in the same 32309 zip code. Understanding how these areas compare with Tallahassee provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tallahassee Tax Rate
1.94%
Average Jefferson County Tax Rate
1.11%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Tallahassee, Florida
In Tallahassee, 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 Jefferson County Appraisal District 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. 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 Tallahassee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 32309, with a value of $364, while the lowest median tax bill also falls within the same zip code at $364.
Average Tallahassee Assessed Value
$18,760
Average Jefferson County Assessed Value
$99,936
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | $18,760 | $18,760 | $18,760 | $18,760 | $18,760 |
Source: Ownwell
Property Tax Bills Across Tallahassee, Florida
In Tallahassee, Jefferson County, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $18,760, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's market value, any improvements made, and the overall condition of the home. Homeowners in Tallahassee can expect their property tax bills to be relatively uniform, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $364. This consistency in tax bills suggests a stable tax rate across different property values within the area. Compared to the national median property tax rate of 0.99%, Tallahassee's property tax environment is quite favorable for homeowners. This predictable and relatively low tax bill can make homeownership more affordable, allowing residents to allocate more of their budget towards other expenses or savings.
Average Tallahassee Tax Bill
$364
Average Jefferson County Tax Bill
$1,108
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32309 | $364 | $364 | $364 | $364 | $364 |
Source: Ownwell