Century, Florida Property Taxes
The median property tax rate in Century, FL is 0.74%, which is notably lower than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Century at $89,839, the typical annual property tax bill comes to $649, significantly below the national median of $2,690. Property taxes in Century are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Century'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 Century 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
Century, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$665
$617
Ownwell’s Century Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Century with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Century 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 Century, Florida
Property taxes in Century, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Century is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Century set these rates annually, and they can vary significantly across different neighborhoods. Each year, Century 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 Century's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32535 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Century provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Century Tax Rate
0.74%
Average Escambia County Tax Rate
0.90%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Century, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32535 | 0.33% | 0.48% | 0.74% | 1.44% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Century, Florida
In Century, 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 Escambia 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 Century, 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. For example, the zip code 32535 has the highest and lowest median tax bill of $649. 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 Century helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Century Assessed Value
$89,839
Average Escambia County Assessed Value
$168,090
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Century, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32535 | $18,775 | $48,046 | $89,839 | $151,080 | $212,541 |
Source: Ownwell
Property Tax Bills Across Century, Florida
In Century, located in Escambia County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For homeowners in Century, the median home price is $89,839. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions. For example, the 25th percentile tax bill in Century is $331, whereas the 75th percentile tax bill is $1,139, and the 90th percentile tax bill reaches $1,783. This range shows how different factors can significantly impact the amount homeowners owe. Comparatively, the highest and lowest median tax bills in Century are both $649, indicating a consistent tax environment within the 32535 zip code. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Century Tax Bill
$649
Average Escambia County Tax Bill
$1,398
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Century, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32535 | $139 | $331 | $649 | $1,139 | $1,783 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Escambia Property Appraiser | |
| Website | www.escpa.org |