Florahome, Clay County, Florida Property Taxes
Median Florahome, FL effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Florahome, FL home value: $64,296
Median annual Florahome, FL tax bill: $689, $1,711 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Florahome, 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 Florahome’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Florahome, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Florahome, Clay County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$784
$728
Ownwell’s Florahome Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Florahome with just two data points.
By entering your property's estimated assessed value, our calculator applies Florahome’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 Clay County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Florahome, Clay County, Florida
Local government entities are responsible for setting property tax rates, which can vary significantly across different regions. This variation is primarily because each county determines its required budget to deliver essential services and divides this amount by the total assessed value of all taxable properties within its boundaries. This calculation gives rise to the property tax rate. Although setting these rates involves votes and legislative processes, this is essentially how the annual determination is made.
In Florahome, located in Clay County, Florida, the effective property tax rate stands at 1.22%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Florahome's property tax rate to other cities in Florida, it becomes evident that it aligns with the highest and lowest median tax rates in the state, both recorded at 1.22%. This comparison highlights the variability of property tax rates within Florida and underscores the importance of understanding local tax obligations. By staying informed about these rates, property owners can make more strategic decisions regarding their investments and financial planning.
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 Florahome Tax Rate
1.22%
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 Clay County Tax Rate
1.07%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Florahome, Clay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32140 | 0.74% | 0.78% | 1.22% | 1.90% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Florahome, Clay County, Florida
When examining property taxes in Florahome, 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 Clay County appraisal district 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 Clay 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 Florahome.
For example, the median home price in Florahome is $64,296, with tax bills ranging significantly across the county. Zip code 32140 has the highest median home price at $64,296.
Property Tax Assessment Values Across Florahome, Clay County, Florida
Source: Ownwell
$64,296
$271,382
$478,467
Median Florahome Market Value
$64,296
Median Clay County Market Value
$232,293
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Florahome, Clay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32140 | $23,074 | $32,041 | $64,296 | $119,240 | $280,195 |
Source: Ownwell
Property Tax Bills Across Florahome, Clay County, Florida
In Florahome, Clay County, FL, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which local tax assessors determine. Homeowners in Florahome face a median property tax bill of $689, which is significantly lower than the national median of $2400. This is due to the area's relatively lower median home price of $64,296. However, property tax bills can vary widely, with the 25th percentile at $495 and the 75th percentile reaching $1696.
These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners need to ensure their property is not over-assessed to avoid higher taxes. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. With professional guidance, homeowners can navigate the complexities of property tax assessments and achieve significant savings.
Median Florahome Tax Bill
$689
Median Clay County Tax Bill
$2,353
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Florahome, Clay County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32140 | $367 | $495 | $689 | $1,696 | $2,241 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Clay Property Appraiser | |
| Website | qpublic.schneidercorp.com |