Carrabelle, Franklin County, Florida Property Taxes
Median Carrabelle, FL effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Carrabelle, FL home value: $158,702
Median annual Carrabelle, FL tax bill: $1,245, $1,155 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Carrabelle, 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 Carrabelle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carrabelle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Carrabelle, Franklin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,476
$1,370
Property Tax Rates Across Carrabelle, Franklin County, Florida
Local government entities set tax rates, which can vary widely within a state. Why? Each county estimates its required budget annually to provide 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, in a nutshell, this is the annual process. Below, you can compare Carrabelle’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Carrabelle, located in Franklin County, offers residents a property tax rate of 0.93%, slightly below the national median of 1.02%. This rate is consistent across Franklin County, reflecting a balanced approach to local taxation. Florida's property tax rates are generally lower than the national average, providing a more affordable living option for homeowners. Understanding these rates can help property owners make informed decisions, especially when considering property tax appeals or exemptions. With property taxes being a significant expense for homeowners, knowing how Carrabelle compares can offer valuable insights into potential savings.
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 Carrabelle Tax Rate
0.93%
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 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 Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | 0.26% | 0.56% | 0.93% | 1.32% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Carrabelle, Franklin County, Florida
When examining property taxes in Carrabelle, 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's Office 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 April. 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 Carrabelle. For example, the median home price in Carrabelle is $158,702, with tax bills ranging significantly across the county. Zip code 32322 has the highest median home price at $158,702.
Property Tax Assessment Values Across Carrabelle, Franklin County, Florida
Source: Ownwell
$61,845
$308,836
$555,827
Median Carrabelle Market Value
$158,702
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 Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | $51,641 | $81,075 | $158,702 | $251,460 | $374,737 |
Source: Ownwell
Property Tax Bills Across Carrabelle, Franklin County, Florida
In Carrabelle, located in Franklin County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, and the tax rate is applied to this assessed value to determine the tax bill. In Carrabelle, the median home price is $158,702, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $558, while at the 75th percentile, it reaches $2,438.
These property tax bills can impact homeowners by affecting their overall housing costs and financial planning. Homeowners in Carrabelle may find themselves paying more than the national median property tax bill of $2,400, especially those in the higher percentiles. Ownwell can assist homeowners in Carrabelle by providing property tax appeal and exemption services, potentially reducing their tax bills. By leveraging expertise in local tax laws and assessment practices, Ownwell helps ensure that homeowners pay only what is fair, potentially saving them money.
Median Carrabelle Tax Bill
$1,245
Median Franklin County Tax Bill
$2,090
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | $269 | $558 | $1,245 | $2,438 | $3,777 |
Source: Ownwell