Fountain, Florida Property Taxes
The median property tax rate in Fountain, FL is 1.22%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Fountain, the typical annual property tax bill reaches $884, which is below the national median of $2,690. Property taxes in Fountain are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fountain'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 Fountain 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
Fountain, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,209
$1,144
Ownwell’s Fountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain 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 Fountain, Florida
Property taxes in Fountain, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain 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 Fountain's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32438 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Fountain 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 Fountain Tax Rate
1.22%
Average Washington County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | 0.29% | 0.54% | 1.22% | 1.31% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Fountain, Florida
In Fountain, 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. In Fountain, 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 Fountain 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 32438 at $884, which is also the lowest median tax bill in the area.
Average Fountain Assessed Value
$99,102
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 Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | $45,117 | $62,385 | $99,102 | $138,560 | $152,672 |
Source: Ownwell
Property Tax Bills Across Fountain, Florida
In Fountain, located in Washington County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Fountain, the median home price stands at $99,102. Several factors influence the assessed value, including the home's location, size, and condition. Homeowners in Fountain can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $491, while the 75th percentile tax bill reaches approximately $1,296. At the higher end, the 90th percentile tax bill can be as high as $1,994. Compared to the national median property tax rate of 0.99%, Fountain's property tax bills offer a range that reflects both affordable and more substantial tax obligations. This variability can impact homeowners differently, affecting their annual budgeting and long-term financial planning.
Average Fountain Tax Bill
$884
Average Washington County Tax Bill
$731
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32438 | $157 | $491 | $884 | $1,296 | $1,994 |
Source: Ownwell