Bradford County, Florida Property Taxes
The median property tax rate in Bradford County is 0.94%, which is slightly lower than the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Bradford County at $96,435, the typical annual property tax bill is around $903, considerably below the national median of $2,690. Property taxes in Bradford County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bradford County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Starke or another part of Bradford County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bradford County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$906
$841
Ownwell’s Bradford County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bradford County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bradford County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bradford County, Florida
Property taxes in Bradford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bradford County is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Bradford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bradford County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Bradford County's effective property tax rate with other counties in Florida and the national median. For comparison, the city of Waldo has one of the higher property tax rates in Florida at 1.47%, while the city of Lake Butler boasts one of the lowest at 0.79%. Analyzing how Bradford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bradford County Tax Rate
0.94%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradford County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooker | 0.44% | 0.65% | 0.88% | 1.57% | 1.71% |
| Hampton | 0.40% | 0.63% | 0.98% | 1.61% | 1.78% |
| Keystone Heights | 0.62% | 0.78% | 0.99% | 1.31% | 1.57% |
| Lake Butler | 0.45% | 0.60% | 0.79% | 1.34% | 1.69% |
| Lawtey | 0.42% | 0.62% | 0.85% | 1.53% | 1.74% |
| Melrose | 0.59% | 0.80% | 1.08% | 1.43% | 1.62% |
| Starke | 0.46% | 0.67% | 0.92% | 1.61% | 1.95% |
| Waldo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bradford County, Florida
In Bradford County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bradford County Appraisal District. The assessed value, however, 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. Assessment notices in Bradford County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The median home price in Bradford County is $96,435, with tax bills ranging from $539 at the 25th percentile to $2,621 at the 90th percentile. Waldo has the highest median tax bill at $9,785, while Lake Butler has the lowest at $697. Being aware of these valuation processes in Bradford County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bradford County, Florida
Source: Ownwell
$86,718
$136,074
$185,430
Average Bradford County Assessed Value
$96,435
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradford County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooker | $34,289 | $55,570 | $86,718 | $135,068 | $187,577 |
| Hampton | $34,324 | $53,107 | $87,630 | $148,729 | $229,555 |
| Keystone Heights | $76,049 | $99,522 | $151,808 | $222,124 | $307,194 |
| Lake Butler | $38,319 | $57,792 | $99,660 | $127,678 | $165,383 |
| Lawtey | $40,059 | $61,853 | $91,022 | $131,243 | $188,470 |
| Melrose | $63,889 | $109,438 | $185,430 | $318,678 | $461,200 |
| Starke | $37,710 | $59,190 | $88,334 | $130,544 | $189,427 |
| Waldo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bradford County, Florida
In Bradford County, FL, property tax bills are calculated based on the assessed value of a home, which is often lower than its market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's location, size, and condition. For homeowners, this means that even within the same county, tax bills can vary significantly. For instance, the 25th percentile tax bill is $539, while the 75th percentile tax bill reaches $1,627. At the 90th percentile, homeowners could see bills as high as $2,621. The median home price in Bradford County is $96,435, and the property tax rates here are relatively moderate compared to the national median property tax rate of 0.99%. However, in cities like Waldo, the highest median tax bill can soar up to $9,785, whereas in Lake Butler, it can be as low as $697, demonstrating the range of property tax impacts on homeowners.
Average Bradford County Tax Bill
$903
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradford County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooker | $223 | $511 | $800 | $1,341 | $2,039 |
| Hampton | $205 | $478 | $805 | $1,636 | $2,837 |
| Keystone Heights | $554 | $879 | $1,536 | $2,405 | $3,348 |
| Lake Butler | $256 | $506 | $697 | $1,158 | $1,683 |
| Lawtey | $267 | $505 | $797 | $1,361 | $2,130 |
| Melrose | $469 | $954 | $1,952 | $3,780 | $5,580 |
| Starke | $263 | $528 | $826 | $1,444 | $2,260 |
| Waldo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell