Youngstown, Florida Property Taxes
The median property tax rate in Youngstown, FL is 0.83%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $87,694 in Youngstown, the typical annual property tax bill is approximately $683, significantly below the national median of $2,690. Property taxes in Youngstown 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. Gaining a thorough understanding of Youngstown'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 Youngstown or another part of Bay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngstown, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$728
$689
Ownwell’s Youngstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngstown 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 Youngstown, Florida
Property taxes in Youngstown, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngstown is 0.83%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Youngstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngstown 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 Youngstown's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 32466 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Youngstown provides valuable insights into the varying tax landscape across Bay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Youngstown Tax Rate
0.83%
Average Bay County Tax Rate
1.10%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | 0.28% | 0.55% | 0.83% | 1.28% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Youngstown, Florida
In Youngstown, 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 Bay 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 Youngstown, 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 Youngstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32466 in Youngstown has the highest median tax bill at $683.
Average Youngstown Assessed Value
$87,694
Average Bay County Assessed Value
$235,244
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $30,957 | $45,912 | $87,694 | $155,479 | $222,628 |
Source: Ownwell
Property Tax Bills Across Youngstown, Florida
In Youngstown, Bay 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 typically a percentage of the market value, reflecting the property's worth. Factors such as location, property size, and home improvements influence this assessed value. The median home price in Youngstown is $87,694, and tax rates are applied to this assessed value to determine the final tax bill. For instance, tax bills can vary significantly, with the 25th percentile tax bill at $363 and the 75th percentile at $1,364. At the 90th percentile, homeowners might see tax bills as high as $2,091. The highest median tax bill in Bay County stands at $683, showing a range of potential tax obligations. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparing this to the national median property tax rate of 0.99%, Youngstown's tax bills reflect the local economic conditions and property values.
Average Youngstown Tax Bill
$683
Average Bay County Tax Bill
$2,427
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $143 | $363 | $683 | $1,364 | $2,091 |
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 |