Keystone Heights, Florida Property Taxes
The median property tax rate in Keystone Heights, FL is 0.94%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Keystone Heights at $124,754, the typical annual property tax bill amounts to $1,156, which is notably less than the national median of $2,690. Property taxes in Keystone Heights are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keystone Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Keystone Heights 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
Keystone Heights, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,173
$1,109
Ownwell’s Keystone Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keystone Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keystone Heights 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 Keystone Heights, Florida
Property taxes in Keystone Heights, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keystone Heights is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Keystone Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keystone Heights 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 Keystone Heights' effective property tax rate to other counties in Florida and the national median. For comparison, the 32656 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Keystone Heights 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 Keystone Heights Tax Rate
0.94%
Average Clay County Tax Rate
1.07%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | 0.56% | 0.68% | 0.94% | 1.62% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Keystone Heights, Florida
In Keystone Heights, 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 Appraisal District 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 Keystone Heights, 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 Keystone Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keystone Heights is $124,754, with tax bills ranging significantly. The 25th percentile tax bill is $673, while the 75th percentile reaches $1965, and the 90th percentile is $2889. The highest and lowest median tax bills are both $1156, found in the 32656 zip code.
Property Tax Assessment Values Across Keystone Heights, Florida
Source: Ownwell
$24,046
$251,257
$478,467
Average Keystone Heights Assessed Value
$124,754
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 Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $37,568 | $70,909 | $124,754 | $190,897 | $279,338 |
Source: Ownwell
Property Tax Bills Across Keystone Heights, Florida
In Keystone Heights, property tax bills are calculated based on the assessed value of a home, which is determined by the Clay County Property Appraiser. This assessed value is then multiplied by the local millage rate to determine the tax bill. Factors that influence the assessed value include the home's market value, property improvements, and any applicable exemptions, such as homestead exemptions. For homeowners in Keystone Heights, the median home price is $124,754. Property tax bills can vary significantly, with the 25th percentile tax bill at $673, while the 75th percentile reaches $1,965. The highest median tax bill in the area is $1,156, consistent across the zip code 32656. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting community quality. Compared to the national median property tax rate of 0.99%, Keystone Heights offers a relatively affordable tax environment, making it an attractive option for homeowners seeking lower tax liabilities.
Average Keystone Heights Tax Bill
$1,156
Average Clay County Tax Bill
$2,353
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Keystone Heights, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32656 | $450 | $673 | $1,156 | $1,965 | $2,889 |
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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