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Cape Canaveral, Brevard County, Florida Property Taxes

  • Median Cape Canaveral, FL effective property tax rate: 1.15%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Cape Canaveral, FL home value: $248,680

  • Median annual Cape Canaveral, FL tax bill: $2,288, $112 lower than the national median property tax bill of $2,400.

How are property taxes in Brevard calculated?

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

Last Updated March 1, 2025

Cape Canaveral, Brevard County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$2,860

$2,654

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Cape Canaveral Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cape Canaveral with just two data points. By entering your property's estimated assessed value, our calculator applies Cape Canaveral’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 more 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 Brevard County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cape Canaveral, Brevard County, Florida

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Cape Canaveral, located in Brevard County, the effective property tax rate is 1.15%. This rate is higher than the national median property tax rate of 1.02%. The median property tax bill for Cape Canaveral also reflects this higher rate, which is above the national median bill of $2,400. It's important to note that within Brevard County, the tax rates can vary, but Cape Canaveral's rate is consistent across the board. Comparatively, Cape Canaveral's rate aligns with the highest and lowest rates within the zip code 32920. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Cape Canaveral, Brevard County, Florida

Source: Ownwell

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0.73%

1.15%

1.56%

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 Cape Canaveral Tax Rate

1.15%

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 Brevard County Tax Rate

0.95%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cape Canaveral, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
329200.38%0.76%1.15%1.23%1.32%

Source: Ownwell

Property Tax Assessment Values Across Cape Canaveral, Brevard County, Florida

When examining property taxes in Cape Canaveral, 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 Brevard 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 Brevard 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 Cape Canaveral.

For example, the median home price in Cape Canaveral is $248,680, with tax bills ranging significantly across the county. Zip code 32920 has the highest median home price at $248,680.

Property Tax Assessment Values Across Cape Canaveral, Brevard County, Florida

Source: Ownwell

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$111,775

$284,218

$456,660

Median Cape Canaveral Market Value

$248,680

Median Brevard County Market Value

$243,020

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cape Canaveral, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32920$98,420$162,480$248,680$358,150$448,530

Source: Ownwell

Property Tax Bills Across Cape Canaveral, Brevard County, Florida

Property tax bills in Cape Canaveral, located in Brevard County, Florida, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. With a median home price of $248,680, homeowners in this area face varying tax bills, with the 25th percentile at $1,227 and the 75th percentile reaching $3,554. Notably, the highest median tax bill in the area is $2,288, which is below the national median property tax bill of $2,400. This can be a relief for some homeowners, but others may still find their tax bills burdensome. Ownwell can assist homeowners in Cape Canaveral by identifying potential savings through property tax appeals and exemptions, ensuring they pay only their fair share. This service can significantly reduce the financial burden of property taxes for homeowners.

Property Tax Bills Across Cape Canaveral, Brevard County, Florida

Source: Ownwell

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$1,172

$2,522

$3,872

Median Cape Canaveral Tax Bill

$2,288

Median Brevard County Tax Bill

$2,198

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Cape Canaveral, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32920$597$1,227$2,288$3,554$4,838

Source: Ownwell

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