Alford, Florida Property Taxes
The median property tax rate in Alford, FL is 1.06%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Alford at $78,408, the typical annual property tax bill amounts to $719, which is significantly below the national median of $2,690. Property taxes in Alford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alford'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 Alford 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
Alford, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$831
$787
Ownwell’s Alford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alford 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 Alford, Florida
Property taxes in Alford, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alford is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Alford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alford 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 Alford's effective property tax rate to other areas in Florida and the national median. For comparison, the 32420 zip code has the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Alford provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alford Tax Rate
1.06%
Average Washington County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32420 | 0.58% | 0.69% | 1.06% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Alford, Florida
In Alford, 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 Washington 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. 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 Alford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Alford are both $719.00, found in the 32420 zip code, with tax bills ranging from $430 to $1,574.
Average Alford Assessed Value
$78,408
Average Washington County Assessed Value
$92,402
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32420 | $24,878 | $29,762 | $78,408 | $172,511 | $208,297 |
Source: Ownwell
Property Tax Bills Across Alford, Florida
In Alford, Florida, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value considers factors such as the property's market value, location, and any improvements made. The median home price in Alford is $78,408, and the property tax rate in Washington County is applied to this assessed value to determine the tax bill. Homeowners in Alford can expect a property tax bill ranging from $430 at the 25th percentile to $1,574 at the 90th percentile. The median property tax bill stands at $719, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Alford compared to other regions. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly. Additionally, knowing the assessed value and potential tax bill can be crucial for budgeting and long-term financial planning.
Average Alford Tax Bill
$719
Average Washington County Tax Bill
$731
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Alford, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32420 | $336 | $430 | $719 | $1,133 | $1,574 |
Source: Ownwell