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Cocoa, Brevard County, Florida Property Taxes

  • Median Cocoa, FL effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Cocoa, FL home value: $198,280

  • Median annual Cocoa, FL tax bill: $1,569, $831 lower than the national median property tax bill of $2,400.

How are property taxes in Brevard County calculated?

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

Last Updated March 1, 2025

Cocoa, Brevard County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$1,903

$1,766

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Cocoa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cocoa with just two data points. By entering your property's estimated assessed value, our calculator applies Cocoa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Brevard 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 Cocoa, Brevard County, Florida

Local government entities set tax rates, leading to significant variations within a state. Each year, counties estimate their required budget for services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Cocoa, located in Brevard County, Florida, the effective property tax rate reflects the local government's calculations. Residents here experience a tax rate that is slightly below the national median of 1.02%. Compared to other cities in Florida, Cocoa's rate is competitive, offering residents a relatively moderate property tax environment. Brevard County itself showcases a range of property tax rates, with the highest in the 32922 zip code and the lowest in 32927. The median property tax rate in Florida is also below the national median, making the state an appealing option for property owners seeking lower tax liabilities.

Overall, Cocoa's property tax rates provide a balanced approach, aligning closely with both state and national trends, while offering residents the benefits of local services funded by these taxes.

Property Tax Rates Across Cocoa, 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 Cocoa Tax Rate

0.96%

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 Cocoa, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
329220.60%0.82%1.56%1.89%2.27%
329260.57%0.68%0.98%1.46%1.81%
329270.46%0.50%0.84%1.30%1.47%
32955N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Cocoa, Brevard County, Florida

When examining property taxes in Cocoa, 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 April. 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 Cocoa. For example, the median home price in Cocoa is $198,280, with tax bills ranging significantly across the county. Zip code 32927 has the highest median home price at $220,965.

Property Tax Assessment Values Across Cocoa, Brevard County, Florida

Source: Ownwell

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$111,775

$284,218

$456,660

Median Cocoa Market Value

$198,280

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 Cocoa, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32922$34,710$66,550$111,775$157,662$290,750
32926$48,290$99,095$184,450$272,875$351,990
32927$121,140$187,378$220,965$256,750$293,639
32955N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Cocoa, Brevard County, Florida

In Cocoa, Brevard County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Brevard County Property Appraiser. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as location, home size, and market conditions influence the assessed value. In Cocoa, the median tax bill is $1,636, with a range from $957 at the 25th percentile to $3,449 at the 90th percentile. This is lower than the national median property tax bill of $2,400. The tax rate in Cocoa is influenced by local government budgets and public service needs. High property taxes can significantly impact homeowners by increasing their annual expenses. Ownwell assists homeowners by identifying potential savings through appeals and exemptions. By analyzing property assessments and comparing them to similar properties, Ownwell helps ensure homeowners pay only their fair share, potentially reducing their property tax burden and providing financial relief.

Property Tax Bills Across Cocoa, Brevard County, Florida

Source: Ownwell

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$1,172

$2,522

$3,872

Median Cocoa Tax Bill

$1,569

Median Brevard County Tax Bill

$2,198

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Cocoa, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32922$571$790$1,336$2,161$3,768
32926$617$964$1,636$2,628$3,612
32927$782$1,011$1,636$2,587$3,281
32955N/AN/AN/AN/AN/A

Source: Ownwell

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