Mexico Beach, Bay County, Florida Property Taxes
Median Mexico Beach, FL effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Mexico Beach, FL home value: $349,836
Median annual Mexico Beach, FL tax bill: $4,678, $2,278 higher than the national median property tax bill of $2,400.
How are property taxes in Bay calculated?
Property taxes in Mexico Beach, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mexico Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mexico Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mexico Beach, Bay County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.37%
Estimate Property Tax Bill
$4,793
$4,448
Property Tax Rates Across Mexico Beach, Bay County, Florida
Local government entities set property tax rates, which can vary significantly within Florida. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
Mexico Beach in Bay County has an effective property tax rate that stands out when compared to other cities in Florida. The city's rate is slightly above the state median of 1.37%, which itself is higher than the national median of 1.02%. Within Bay County, the highest median tax rate is found in the 32456 zip code, while the lowest is in the 32410 zip code. These variations highlight the importance of understanding local tax dynamics, especially when the national median property tax bill is $2400. By being informed, property owners in Mexico Beach can better navigate the complexities of property taxation and potentially reduce their tax burden.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mexico Beach Tax Rate
1.37%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bay County Tax Rate
1.10%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mexico Beach, Bay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32410 | 0.63% | 1.18% | 1.33% | 1.54% | 1.68% |
| 32456 | 0.76% | 1.14% | 1.37% | 1.59% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Mexico Beach, Bay County, Florida
When examining property taxes in Mexico Beach, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bay County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mexico Beach. For example, the median home price in Mexico Beach is $349,836, with tax bills ranging significantly across the county. Zip code 32410 has the highest median home price at $366,167.
Property Tax Assessment Values Across Mexico Beach, Bay County, Florida
Source: Ownwell
$49,367
$222,219
$395,070
Median Mexico Beach Market Value
$349,836
Median Bay County Market Value
$235,244
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mexico Beach, Bay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32410 | $224,498 | $300,750 | $366,167 | $577,300 | $746,333 |
| 32456 | $208,405 | $252,760 | $349,776 | $470,774 | $610,811 |
Source: Ownwell
Property Tax Bills Across Mexico Beach, Bay County, Florida
Median Mexico Beach Tax Bill
$4,678
Median Bay County Tax Bill
$2,427
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Mexico Beach, Bay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32410 | $1,917 | $3,665 | $5,325 | $7,416 | $10,021 |
| 32456 | $2,050 | $3,239 | $4,618 | $6,398 | $8,785 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Bay Property Appraiser | |
| Website | qpublic.schneidercorp.com |