High Springs, Florida Property Taxes
The median property tax rate in High Springs, FL is 1.06%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $121,572 in High Springs, the typical annual property tax bill is around $1,262, which is below the national median of $2,690. Property taxes in High Springs are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding High 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 High Springs or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Springs, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,289
$1,218
Ownwell’s HIGH SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HIGH SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HIGH 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 High Springs, Florida
Property taxes in High 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 High Springs is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within High Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, High 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 High Springs' effective property tax rate to other counties in Florida and the national median. For comparison, the 32643 zip code has the highest median property tax rate of 1.06%, while the 32643 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with High Springs provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Springs Tax Rate
1.06%
Average Columbia County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | 0.72% | 0.86% | 1.06% | 1.42% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across High Springs, Florida
In High 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 Columbia 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. Assessment notices in High Springs 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 High Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32643 in High Springs has the highest median tax bill at $1,262.
Average High Springs Assessed Value
$121,572
Average Columbia County Assessed Value
$136,286
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | $43,102 | $65,378 | $121,572 | $198,840 | $337,504 |
Source: Ownwell
Property Tax Bills Across High Springs, Florida
In High Springs, Columbia County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in High Springs, the median home price is $121,572. The property tax rate in this area is relatively modest compared to the national median of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. For instance, homeowners can expect their tax bills to fall within a range, with the 25th percentile at $831 and the 75th percentile at $2,120. The highest median tax bill in the area is $1,262, which is consistent across the zip code 32643. These tax bills impact homeowners by contributing to the overall cost of homeownership, affecting monthly budgets and long-term financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their finances more effectively.
Average High Springs Tax Bill
$1,262
Average Columbia County Tax Bill
$1,432
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across High Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | $553 | $831 | $1,262 | $2,120 | $3,481 |
Source: Ownwell