Altha, Calhoun County, Florida Property Taxes
Median Altha, FL effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Altha, FL home value: $61,289
Median annual Altha, FL tax bill: $474, $1,926 lower than the national median property tax bill of $2,400.
How are property taxes in Calhoun County calculated?
Property taxes in Altha, 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 Altha’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Altha, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Altha, Calhoun County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$484
$449
Property Tax Rates Across Altha, Calhoun County, Florida
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. The reason for this variation lies in the annual budget estimation process. Each county determines its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate that property owners are required to pay. Although the process involves votes and laws, this is essentially how tax rates are determined each year.
By examining Altha’s effective property tax rate, you can gain insight into how it compares to other cities in Florida, as well as to the median property tax rates in Florida and across the United States. Altha, located in Calhoun County, has a median property tax rate that reflects the county's financial planning and service requirements. With the national median property tax rate at 1.02%, understanding these differences can be crucial for property owners in managing their expenses and planning for the future.
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 Altha Tax Rate
0.79%
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 Calhoun County Tax Rate
0.84%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Altha, Calhoun County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32421 | 0.23% | 0.52% | 0.79% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Altha, Calhoun County, Florida
When examining property taxes in Altha, 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 Calhoun 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 Calhoun 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 Altha.
For example, the median home price in Altha is $61,289, with tax bills ranging significantly across the county. The 32421 zip code has the highest median home price at $61,289.
Property Tax Assessment Values Across Altha, Calhoun County, Florida
Source: Ownwell
$44,611
$56,216
$67,820
Median Altha Market Value
$61,289
Median Calhoun County Market Value
$61,907
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Altha, Calhoun County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32421 | $20,871 | $34,096 | $61,289 | $116,000 | $174,504 |
Source: Ownwell
Property Tax Bills Across Altha, Calhoun County, Florida
Median Altha Tax Bill
$474
Median Calhoun County Tax Bill
$495
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Altha, Calhoun County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32421 | $114 | $248 | $474 | $1,049 | $1,855 |
Source: Ownwell