O Brien, Florida Property Taxes
The median property tax rate in O'Brien, FL is 1.19%, which is notably higher than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in O'Brien, the typical annual property tax bill reaches $1,000, falling below the national median of $2,690. Property taxes in O'Brien are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding O'Brien'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 O'Brien 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
O Brien, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,012
$957
Ownwell’s O BRIEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in O BRIEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in O BRIEN 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 O Brien, Florida
Property taxes in O BRIEN, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in O BRIEN is 1.19%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within O BRIEN set these rates annually, and they can vary significantly across different neighborhoods. Each year, O BRIEN 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 O BRIEN's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32071 has the highest median property tax rate of 1.19%, while the lowest median tax rate is also 1.19%. Understanding how these areas compare with O BRIEN provides valuable insights into the varying tax landscape across Suwannee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average O Brien Tax Rate
1.19%
Average Suwannee County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across O Brien, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32071 | 0.71% | 0.97% | 1.19% | 1.74% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across O Brien, Florida
In O BRIEN, 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 Suwannee 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 O BRIEN, 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 O BRIEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in O BRIEN are both found in the 32071 zip code, amounting to $1000.
Average O Brien Assessed Value
$85,072
Average Suwannee County Assessed Value
$82,568
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across O Brien, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32071 | $37,079 | $54,984 | $85,072 | $128,460 | $191,721 |
Source: Ownwell
Property Tax Bills Across O Brien, Florida
In O'Brien, located in Suwannee County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $85,072, homeowners can expect their tax bills to vary widely. The 25th percentile tax bill is approximately $710, while the 75th percentile tax bill reaches around $1,587. At the higher end, the 90th percentile tax bill can be as much as $2,292. Factors influencing these tax bills include the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. Compared to the national median property tax rate of 0.99%, homeowners in O'Brien benefit from relatively moderate property tax rates. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average O Brien Tax Bill
$1,000
Average Suwannee County Tax Bill
$983
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across O Brien, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32071 | $409 | $710 | $1,000 | $1,587 | $2,292 |
Source: Ownwell