Neptune Beach, Florida Property Taxes
The median property tax rate in Neptune Beach, FL is 1.00%, 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 Neptune Beach at $495,731, the typical annual property tax bill reaches $4,846, significantly surpassing the national median of $2,690. Property taxes in Neptune Beach are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Neptune Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Neptune Beach or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neptune Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$4,957
$4,600
$1,148
Average Tax Savings
Ownwell’s Neptune Beach Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Neptune Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neptune Beach to provide an accurate estimate of your property tax bill. This valuable tool not only helps you grasp potential tax liabilities but also demonstrates how Ownwell can aid in reducing property taxes in Neptune Beach. For those interested in neighborhood-specific trends, simply scroll down for more detailed information. Your property’s assessed value is the amount determined by Duval County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Neptune Beach, Florida
Property taxes in Neptune Beach, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neptune Beach is 1.00%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Neptune Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neptune Beach 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 Neptune Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 32266 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Neptune Beach provides valuable insights into the varying tax landscape across Duval County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neptune Beach Tax Rate
1.00%
Average Duval County Tax Rate
1.14%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neptune Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32266 | 0.42% | 0.63% | 1.00% | 1.51% | 1.62% |
Source: Ownwell
$1,148
Average Neptune Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Neptune Beach, Florida
In Neptune Beach, 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 Duval 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 Neptune Beach, 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 Neptune Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32266 has one of the highest median tax bills at $4,846.
Average Neptune Beach Assessed Value
$495,731
Average Duval County Assessed Value
$211,651
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neptune Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32266 | $320,302 | $409,572 | $495,731 | $645,436 | $895,086 |
Source: Ownwell
$1,148
Average Neptune Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Neptune Beach, Florida
Property tax bills in Neptune Beach, located in Duval County, FL, are calculated based on the assessed value of a property, 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 example, with a median home price of $495,731, homeowners can expect their tax bills to vary significantly, from the 25th percentile at $2,957 to the 90th percentile reaching up to $11,505. These variations depend on factors such as property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, the tax rates in Neptune Beach can present a substantial burden for homeowners. Ownwell specializes in helping homeowners reduce their property tax bills through expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. This can lead to significant savings, offering financial relief and peace of mind for property owners in Neptune Beach.
Average Neptune Beach Tax Bill
$4,846
Average Duval County Tax Bill
$2,265
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Neptune Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32266 | $1,875 | $2,957 | $4,846 | $7,481 | $11,505 |
Source: Ownwell
$1,148
Average Neptune Beach Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Duval Property Appraiser | |
| Website | paopropertysearch.coj.net |
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