Glen Saint Mary, Florida Property Taxes
The median property tax rate in Glen Saint Mary, FL is 0.63%, which is significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Glen Saint Mary at $173,921, the typical annual property tax bill amounts to $1,146, well below the national median of $2,690. Property taxes in Glen Saint Mary 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 Glen Saint Mary'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 Glen Saint Mary 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
Glen Saint Mary, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,096
$1,036
Ownwell’s Glen Saint Mary Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Saint Mary with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Saint Mary 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 Glen Saint Mary, Florida
Property taxes in Glen Saint Mary, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Saint Mary is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Glen Saint Mary set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Saint Mary 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 Glen Saint Mary's effective property tax rate to other areas in Baker County and the national median. For comparison, the 32040 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Glen Saint Mary provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Saint Mary Tax Rate
0.63%
Average Baker County Tax Rate
0.69%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Saint Mary, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32040 | 0.35% | 0.48% | 0.63% | 0.99% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Glen Saint Mary, Florida
In Glen Saint Mary, 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 Baker 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 Glen Saint Mary, 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 Glen Saint Mary helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in the 32040 zip code is $1,146, which is consistent across the highest and lowest median tax bills in the area.
Property Tax Assessment Values Across Glen Saint Mary, Florida
Source: Ownwell
$92,923
$145,126
$197,329
Average Glen Saint Mary Assessed Value
$173,921
Average Baker County Assessed Value
$179,041
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Saint Mary, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32040 | $79,031 | $111,218 | $173,921 | $279,338 | $382,053 |
Source: Ownwell
Property Tax Bills Across Glen Saint Mary, Florida
In Glen Saint Mary, Baker County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate. For instance, with a median home price of $173,921, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. The 25th percentile tax bill in this area is $614, while the 75th percentile reaches $2,035, and the 90th percentile goes up to $3,043. These tax bills are influenced by several factors, including property location, home improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Glen Saint Mary's rates can significantly impact homeowners' annual expenses. Understanding these calculations helps homeowners budget effectively and potentially seek available exemptions to lower their tax burden.
Average Glen Saint Mary Tax Bill
$1,146
Average Baker County Tax Bill
$1,269
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Saint Mary, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32040 | $408 | $614 | $1,146 | $2,035 | $3,043 |
Source: Ownwell