San Mateo, Florida Property Taxes
The median property tax rate in San Mateo, FL is 0.89%, 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 San Mateo at $111,690, the typical annual property tax bill amounts to $1,024, significantly below the national median of $2,690. Property taxes in San Mateo are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Mateo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of San Mateo 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
San Mateo, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$994
$941
Ownwell’s San Mateo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Mateo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Mateo 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 San Mateo, Florida
Property taxes in San Mateo, Florida, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in San Mateo is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within San Mateo set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Mateo 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 San Mateo's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 32187 has both the highest and lowest median property tax rate of 0.89%, illustrating the uniformity in tax rates within the region. Understanding how these areas compare with San Mateo provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Mateo Tax Rate
0.89%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Mateo, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | 0.52% | 0.69% | 0.89% | 1.63% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across San Mateo, Florida
In San Mateo, 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 Putnam 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. In San Mateo, 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. For example, the median home price in San Mateo is $111,690, with tax bills ranging from $649 at the 25th percentile to $3,051 at the 90th percentile. The zip code 32187 has the highest and lowest median tax bill of $1,024. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average San Mateo Assessed Value
$111,690
Average Putnam County Assessed Value
$96,560
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Mateo, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | $31,582 | $64,200 | $111,690 | $198,896 | $304,212 |
Source: Ownwell
Property Tax Bills Across San Mateo, Florida
In San Mateo, Putnam County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in San Mateo, the median home price is $111,690. Property tax bills vary significantly, with the 25th percentile tax bill being $649 and the 75th percentile reaching $1,896. At the 90th percentile, homeowners may see tax bills as high as $3,051. The highest and lowest median tax bills in the area are both $1,024, occurring in the 32187 zip code. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These property taxes fund essential public services like schools, infrastructure, and emergency services, impacting homeowners' monthly budgets and overall cost of living. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average San Mateo Tax Bill
$1,024
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across San Mateo, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | $327 | $649 | $1,024 | $1,896 | $3,051 |
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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