Crestview, Florida Property Taxes
The median property tax rate in Crestview, FL is 0.80%, 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 Crestview at $200,528, the typical annual property tax bill amounts to $1,533, falling below the national median of $2,690. Property taxes in Crestview are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crestview'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 Crestview 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
Crestview, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,604
$1,518
Ownwell’s Crestview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crestview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crestview 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 Crestview, Florida
Property taxes in Crestview, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crestview is 0.80%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Crestview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crestview 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 Crestview's effective property tax rate to other areas in Okaloosa County and the national median. For comparison, the 32536 zip code has the highest median property tax rate of 0.85%, while the 32539 zip code has the lowest median tax rate of 0.74%. Understanding how these areas compare with Crestview provides valuable insights into the varying tax landscape across Okaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crestview Tax Rate
0.80%
Average Okaloosa County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crestview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32536 | 0.45% | 0.56% | 0.85% | 1.38% | 1.48% |
| 32539 | 0.39% | 0.49% | 0.74% | 1.03% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Crestview, Florida
In Crestview, 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 Okaloosa 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 Crestview, 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 in Crestview is $200,528, with the 25th percentile tax bill at $832 and the 75th percentile tax bill at $2,367. The highest median tax bill is $1,798 in zip code 32536, while the lowest is $1,336 in zip code 32539. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crestview Assessed Value
$200,528
Average Okaloosa County Assessed Value
$253,315
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crestview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32536 | $94,680 | $152,559 | $217,225 | $281,338 | $345,855 |
| 32539 | $68,150 | $127,927 | $185,932 | $259,244 | $336,657 |
Source: Ownwell
Property Tax Bills Across Crestview, Florida
In Crestview, located in Okaloosa County, FL, property tax bills are calculated based on the assessed value of your home. The local tax authorities determine this value, which often differs from the market value. Factors considered include the property's size, location, and condition, as well as any improvements made. The median home price in Crestview is $200,528, and tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Crestview can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $832, while the 75th percentile reaches $2,367. At the higher end, the 90th percentile tax bill can be as much as $3,267. The highest median tax bill in the area is $1,798 in the 32536 zip code, while the lowest is $1,336 in the 32539 zip code. These taxes fund essential public services, impacting the overall quality of life and property values in the community.
Average Crestview Tax Bill
$1,533
Average Okaloosa County Tax Bill
$2,112
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Crestview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32536 | $492 | $1,073 | $1,798 | $2,600 | $3,545 |
| 32539 | $410 | $727 | $1,336 | $2,135 | $3,040 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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