Orange Park, Florida Property Taxes
The median property tax rate in Orange Park, FL is 1.10%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Orange Park at $229,565, the typical annual property tax bill reaches $2,481, which is below the national median of $2,690. Property taxes in Orange Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orange Park'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 Orange Park 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
Orange Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,525
$2,343
Ownwell’s Orange Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orange Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orange Park 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 Orange Park, Florida
Property taxes in Orange Park, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orange Park is 1.10%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Orange Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orange Park 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 Orange Park's effective property tax rate to other areas in Clay County and the national median. For comparison, the 32065 zip code has the highest median property tax rate of 1.40%, while the 32073 zip code has the lowest median tax rate of 0.90%. Understanding how these areas compare with Orange Park 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 Orange Park Tax Rate
1.10%
Average Clay County Tax Rate
1.07%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orange Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32065 | 0.61% | 0.81% | 1.40% | 1.73% | 2.14% |
| 32073 | 0.55% | 0.65% | 0.90% | 1.47% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Orange Park, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orange Park, Florida. 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 Orange Park, 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. For instance, the highest median tax bill in Orange Park is $3,222 in the 32065 zip code, while the lowest median tax bill is $1,947 in the 32073 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orange Park Assessed Value
$229,565
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 Orange Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32065 | $147,693 | $187,717 | $246,898 | $309,990 | $397,329 |
| 32073 | $111,290 | $171,775 | $217,167 | $265,869 | $335,846 |
Source: Ownwell
Property Tax Bills Across Orange Park, Florida
In Orange Park, located in Clay County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Orange Park experience a range of property tax bills, with the 25th percentile bill around $1,477 and the 75th percentile reaching up to $3,791. The 90th percentile tax bill can go as high as $5,528, reflecting variations in home values and local tax rates. The median home price in Orange Park is $229,565, and the property tax rate in the area is influenced by this value. In comparison to the national median property tax rate of 0.99%, Orange Park's rates can be seen as relatively moderate, but they still have a significant impact on homeowners' annual expenses. The highest median tax bill recorded in the area is $3,222 in zip code 32065, while the lowest is $1,947 in zip code 32073. These figures highlight the importance of understanding local property assessments and tax rates for effective financial planning.
Average Orange Park Tax Bill
$2,481
Average Clay County Tax Bill
$2,353
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Orange Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32065 | $1,120 | $1,837 | $3,222 | $4,618 | $6,463 |
| 32073 | $807 | $1,315 | $1,947 | $3,052 | $4,041 |
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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