Lawtey, Florida Property Taxes
The median property tax rate in Lawtey, FL is 0.85%, 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 $91,022 in Lawtey, the typical annual property tax bill amounts to $797, significantly below the national median of $2,690. Property taxes in Lawtey are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Lawtey, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Lawtey or another part of Bradford County, gaining insights into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Lawtey, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$774
$718
Ownwell’s Lawtey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawtey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawtey 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 Lawtey, Florida
Property taxes in Lawtey, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawtey is 0.85%, slightly lower than the U.S. national median of 0.99%. Local government entities within Lawtey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawtey 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 Lawtey's effective property tax rate to other areas in Bradford County and the national median. For comparison, the zip code 32058 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Lawtey provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawtey Tax Rate
0.85%
Average Bradford County Tax Rate
0.94%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | 0.42% | 0.62% | 0.85% | 1.53% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Lawtey, Florida
In Lawtey, 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 Bradford 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 Lawtey, 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 Lawtey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lawtey are both $797, specifically in the 32058 zip code.
Average Lawtey Assessed Value
$91,022
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 Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $40,059 | $61,853 | $91,022 | $131,243 | $188,470 |
Source: Ownwell
Property Tax Bills Across Lawtey, Florida
In Lawtey, Bradford 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 a percentage of the market value of the property. Homeowners in Lawtey can expect to pay property taxes that vary significantly based on the value of their property. For instance, the tax bill at the 25th percentile is $505, while at the 75th percentile, it is $1361. The highest median tax bill in the area is $797, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors and consider them when budgeting for annual expenses. Understanding how these elements interplay can help homeowners anticipate their financial obligations more accurately.
Average Lawtey Tax Bill
$797
Average Bradford County Tax Bill
$903
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $267 | $505 | $797 | $1,361 | $2,130 |
Source: Ownwell