Alligator Point, Franklin County, Florida Property Taxes

Name: Property Tax Bills Across Alligator Point, Franklin County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Alligator Point, FL effective property tax rate: 1.15%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Alligator Point, FL home value: $309,193
Median annual Alligator Point, FL tax bill: $3,113, $713 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Alligator Point, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Alligator Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alligator Point, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alligator Point, Franklin County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$3,556

$3,300

Ownwell’s Alligator Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alligator Point with just two data points. By entering your property's estimated assessed value, our calculator applies Alligator Point’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alligator Point, Franklin County, Florida

Local government entities in Florida set property tax rates, which can vary widely within the state. Each county, including Franklin County, estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Alligator Point, located in Franklin County, the effective property tax rate stands at 1.15%, which is slightly higher than the national median of 1.02%. This rate is consistent across the county, as noted by the uniformity in tax rates within the zip code 32346. Compared to the national median property tax bill of $2,400, residents in Alligator Point may experience a higher tax burden due to this elevated rate. However, this is still competitive within the state of Florida, where property tax rates can fluctuate significantly. Understanding these rates can help residents make informed decisions about property ownership and financial planning.

Property Tax Rates Across Alligator Point, Franklin County, Florida

Source: Ownwell

0.74%

0.95%

1.15%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Alligator Point Tax Rate

1.15%

Median Effective Franklin County Tax Rate

0.87%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alligator Point, Franklin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32346	0.94%	1.04%	1.15%	1.15%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Alligator Point, Franklin County, Florida

When examining property taxes in Alligator Point, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Alligator Point. For example, the median home price in Alligator Point is $309,193, with tax bills ranging significantly across the county. 32346 has the highest median home price at $309,193.

Property Tax Assessment Values Across Alligator Point, Franklin County, Florida

Source: Ownwell

$61,845

$308,836

$555,827

Median Alligator Point Market Value

$309,193

Median Franklin County Market Value

$239,550

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alligator Point, Franklin County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32346	$209,369	$269,601	$309,193	$337,601	$545,969

Source: Ownwell

Property Tax Bills Across Alligator Point, Franklin County, Florida

In Alligator Point, located in Franklin County, FL, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor and reflects the home's market value. The property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value, impacting the homeowner's tax obligation. The median property tax bill in this area is $3,113, higher than the national median of $2,400, indicating a significant financial commitment for homeowners.

Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially reducing their tax burden. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This proactive approach can lead to substantial savings, ensuring that property owners in Alligator Point pay only their fair share of taxes. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and secure potential savings.

Property Tax Bills Across Alligator Point, Franklin County, Florida

Source: Ownwell

$530

$2,362

$4,194

Median Alligator Point Tax Bill

$3,113

Median Franklin County Tax Bill

$2,090

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Alligator Point, Franklin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32346	$1,845	$2,656	$3,113	$3,875	$5,911

Source: Ownwell