Melrose, Bradford County, Florida Property Taxes

Name: Property Tax Bills Across Melrose, Bradford County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Melrose, FL effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Melrose, FL home value: $185,430
Median annual Melrose, FL tax bill: $1,952, $448 lower than the national median property tax bill of $2,400.

How are property taxes in Bradford calculated?

Property taxes in Melrose, 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 Melrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Melrose, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Melrose, Bradford County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$2,003

$1,858

Ownwell’s Melrose Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Melrose with just two data points. By entering your property's estimated assessed value, our calculator applies Melrose’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bradford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Melrose, Bradford County, Florida

Local government entities are responsible for setting tax rates, which can vary widely within a state. This is because each county annually estimates the budget required 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Melrose, located in Bradford County, Florida, property tax rates reflect this local government process. The effective property tax rate in Melrose is a key figure to consider when comparing it to other cities in Florida and the median property tax rates in the state and the U.S. With Florida's median property tax rate at 1.08%, it is slightly above the national median of 1.02%. This makes understanding the local tax landscape crucial for property owners. Whether you're a homeowner or investor, knowing how Melrose's property tax rates stack up can provide valuable insights for financial planning and decision-making.

Property Tax Rates Across Melrose, Bradford County, Florida

Source: Ownwell

0.79%

0.93%

1.08%

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 Melrose Tax Rate

1.08%

Median Effective Bradford County Tax Rate

0.94%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Melrose, Bradford County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32666	0.59%	0.80%	1.08%	1.43%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Melrose, Bradford County, Florida

When examining property taxes in Melrose, Florida, 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 Bradford County Property Appraiser 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 Bradford 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 Melrose. For example, the median home price in Melrose is $185,430, with tax bills ranging significantly across the county. Zip code 32666 has the highest median home price at $185,430.

Property Tax Assessment Values Across Melrose, Bradford County, Florida

Source: Ownwell

$86,718

$136,074

$185,430

Median Melrose Market Value

$185,430

Median Bradford County Market Value

$96,435

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Melrose, Bradford County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32666	$63,889	$109,438	$185,430	$318,678	$461,200

Source: Ownwell

Property Tax Bills Across Melrose, Bradford County, Florida

In Melrose, Bradford County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as the home's location, size, and condition. With a median home price of $185,430, homeowners in Melrose can expect tax bills that vary significantly. While the 25th percentile tax bill is around $954, it can climb to $3,780 at the 75th percentile and reach as high as $5,580 at the 90th percentile. This variability can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing a home's assessment and ensuring it's fair, Ownwell can help reduce the tax burden. This service is particularly beneficial in areas like Melrose, where tax bills can be disproportionately high relative to the national average.

Property Tax Bills Across Melrose, Bradford County, Florida

Source: Ownwell

$697

$1,325

$1,952

Median Melrose Tax Bill

$1,952

Median Bradford County Tax Bill

$903

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Melrose, Bradford County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32666	$469	$954	$1,952	$3,780	$5,580

Source: Ownwell