Green Cove Springs, Florida Property Taxes
The median property tax rate in Green Cove Springs, FL is 1.09%, which is slightly higher than the national median of 0.99% but lower than Florida's state median of 1.14%. With a median home value of $245,545, the typical annual property tax bill in Green Cove Springs is $2,538, just below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Green Cove Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Green Cove Springs or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green Cove Springs, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,676
$2,484
Ownwell’s Green Cove Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Cove Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Cove Springs to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Green Cove Springs, Florida
Property taxes in Green Cove Springs, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Cove Springs is 1.09%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Green Cove Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Cove Springs estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Green Cove Springs' effective property tax rate to other areas in Florida and the national median. For comparison, the 32043 zip code has the highest median property tax rate of 1.09%, while the same 32043 zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Green Cove Springs provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Cove Springs Tax Rate
1.09%
Average Clay County Tax Rate
1.07%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Cove Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32043 | 0.58% | 0.72% | 1.09% | 1.59% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Green Cove Springs, Florida
In Green Cove Springs, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clay County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Green Cove Springs, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Green Cove Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,538, found in zip code 32043.
Property Tax Assessment Values Across Green Cove Springs, Florida
Source: Ownwell
$24,046
$251,257
$478,467
Average Green Cove Springs Assessed Value
$245,545
Average Clay County Assessed Value
$232,293
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Cove Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32043 | $75,171 | $151,800 | $245,545 | $322,641 | $415,059 |
Source: Ownwell
Property Tax Bills Across Green Cove Springs, Florida
In Green Cove Springs, property tax bills are calculated based on the assessed value of the property, which is determined by the Clay County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition, along with market trends, play a crucial role in the valuation process. For homeowners in Green Cove Springs, the median home price is $245,545, and the median property tax bill is $2,538. This is significantly higher than the national median property tax rate of 0.99%. Tax bills can vary widely, with the 25th percentile at $1,263 and the 75th percentile at $4,075, indicating a broad range of property values and tax burdens within the area. Homeowners at the 90th percentile can see tax bills as high as $5,563. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Green Cove Springs Tax Bill
$2,538
Average Clay County Tax Bill
$2,353
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Cove Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32043 | $702 | $1,263 | $2,538 | $4,075 | $5,563 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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