Apalachicola, Florida Property Taxes
The median property tax rate in Apalachicola, FL is 0.74%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $190,710 in Apalachicola, the typical annual property tax bill is $1,306, falling well below the national median of $2,690. Property taxes in Apalachicola are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Apalachicola'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 Apalachicola 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
Apalachicola, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,411
$1,336
Ownwell’s Apalachicola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Apalachicola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Apalachicola 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 Apalachicola, Florida
Property taxes in Apalachicola, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apalachicola is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Apalachicola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apalachicola 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 Apalachicola's effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 32329 has the highest median property tax rate of 0.93%, while the zip code 32320 has the lowest median tax rate of 0.74%. Understanding how these areas compare with Apalachicola provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apalachicola Tax Rate
0.74%
Average Franklin County Tax Rate
0.87%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apalachicola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32320 | 0.18% | 0.38% | 0.74% | 1.31% | 1.61% |
| 32329 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Apalachicola, Florida
In Apalachicola, 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 Franklin 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 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. In Apalachicola, the highest median tax bill is $5,428 in the 32329 zip code, while the lowest median tax bill is $1,303 in the 32320 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 Apalachicola Assessed Value
$190,710
Average Franklin County Assessed Value
$239,550
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apalachicola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32320 | $63,262 | $107,038 | $190,710 | $300,714 | $444,157 |
| 32329 | $586,170 | $586,170 | $586,170 | $586,170 | $586,170 |
Source: Ownwell
Property Tax Bills Across Apalachicola, Florida
In Apalachicola, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, any improvements made, and applicable exemptions. For homeowners, this means that the amount paid in property taxes can vary significantly. For instance, in Apalachicola, the 25th percentile of tax bills is $518, while the 75th percentile reaches $2,854, and the 90th percentile goes up to $4,914. This range indicates that higher-valued properties or those with fewer exemptions will face steeper tax bills. Compared to the national median property tax rate of 0.99%, Apalachicola's rates can lead to substantial differences in tax obligations. Homeowners in the highest median tax bill zip code, 32329, can expect to pay around $5,428, while those in the lowest median tax bill zip code, 32320, might pay approximately $1,303.
Average Apalachicola Tax Bill
$1,306
Average Franklin County Tax Bill
$2,090
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Apalachicola, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32320 | $211 | $518 | $1,303 | $2,847 | $4,888 |
| 32329 | $5,428 | $5,428 | $5,428 | $5,428 | $5,428 |
Source: Ownwell