Lawtey, Florida Property Taxes
The median property tax rate in Lawtey, FL is 0.63%, significantly lower than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Lawtey at $83,076, the typical annual property tax bill is $723, well below the national median of $2,690. Property taxes in Lawtey are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lawtey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lawtey 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
Lawtey, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$523
$486
Ownwell’s Lawtey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawtey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawtey 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 Lawtey, Florida
Property taxes in Lawtey, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawtey is 0.63%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Lawtey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawtey 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 Lawtey's effective property tax rate to other counties in Florida and the national median. For comparison, the 32058 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Lawtey 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 Lawtey Tax Rate
0.63%
Average Clay County Tax Rate
1.07%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | 0.48% | 0.53% | 0.63% | 1.23% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Lawtey, Florida
In LAWTEY, 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 LAWTEY, 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 LAWTEY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is around $83,076, with the highest and lowest median tax bills both being $723 in the 32058 zip code.
Average Lawtey Assessed Value
$83,076
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 Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $43,435 | $52,158 | $83,076 | $160,916 | $218,989 |
Source: Ownwell
Property Tax Bills Across Lawtey, Florida
In Lawtey, Clay County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. The assessed value is a percentage of the market value and is influenced by factors such as property size, location, and condition. Once the assessed value is established, the local tax rate, also known as the millage rate, is applied. For example, with a median home price of $83,076, homeowners can expect varying tax bills. The 25th percentile tax bill is around $421, while the 75th percentile tax bill reaches approximately $1,418. At the 90th percentile, the tax bill can go up to $2,050. These figures are relatively modest compared to the national median property tax rate of 0.99%. Homeowners in Lawtey should be aware that their tax bills can fluctuate based on changes in property values and local tax rates. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Lawtey Tax Bill
$723
Average Clay County Tax Bill
$2,353
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawtey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $277 | $421 | $723 | $1,418 | $2,050 |
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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