Ponte Vedra Beach, Tennessee Property Taxes
The median property tax rate in Ponte Vedra Beach, TN is 0.63%, slightly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Ponte Vedra Beach, the typical annual property tax bill amounts to $264, which is significantly below the national median of $2,690. Property taxes in Ponte Vedra Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Ponte Vedra Beach'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 Ponte Vedra Beach 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
Ponte Vedra Beach, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$265
Ownwell’s Ponte Vedra Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ponte Vedra Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ponte Vedra Beach 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 Ponte Vedra Beach, Tennessee
Property taxes in Ponte Vedra Beach, Tennessee, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ponte Vedra Beach is 0.63%, lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Ponte Vedra Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ponte Vedra Beach 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 Ponte Vedra Beach's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 32082 zip code has the highest median property tax rate of 0.63%, while the 32082 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Ponte Vedra Beach provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ponte Vedra Beach Tax Rate
0.63%
Average Polk County Tax Rate
0.63%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ponte Vedra Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Ponte Vedra Beach, Tennessee
In Ponte Vedra Beach, Tennessee, 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 Polk 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 Ponte Vedra Beach, 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 Ponte Vedra Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills in Ponte Vedra Beach is 32082, with a median tax bill of $264.
Property Tax Assessment Values Across Ponte Vedra Beach, Tennessee
Source: Ownwell
$1,950
$218,625
$435,300
Average Ponte Vedra Beach Assessed Value
$42,000
Average Polk County Assessed Value
$48,850
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ponte Vedra Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 |
Source: Ownwell
Property Tax Bills Across Ponte Vedra Beach, Tennessee
In Ponte Vedra Beach, located in Polk County, TN, property tax bills are calculated based on the assessed value of a property. The county assessor evaluates the market value of a home, and then the assessed value is typically a percentage of that market value. This assessed value is then multiplied by the local property tax rate to determine the tax bill. For example, with a median home price of $42,000, homeowners can expect a tax bill around $264, which is consistent across different percentiles in this area. Several factors influence the assessed value, including the property's size, location, and condition. Local government budgets and school funding needs also play a role in determining the tax rate. For homeowners, this means that property taxes can significantly impact annual expenses. While the national median property tax rate is 0.99%, the rate in Ponte Vedra Beach remains relatively stable, offering a predictable financial obligation for residents.
Average Ponte Vedra Beach Tax Bill
$264
Average Polk County Tax Bill
$310
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Ponte Vedra Beach, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | $264 | $264 | $264 | $264 | $264 |
Source: Ownwell