St James, Florida Property Taxes
The median property tax rate in St. James, FL is 0.97%, slightly lower than the national median of 0.99% and significantly below the Florida state median of 1.14%. With the median home value in St. James at $201,401, the typical annual property tax bill reaches $1,979, falling short of the national median of $2,690. Property taxes in St. James are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding St. James'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 St. James 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
St James, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,954
$1,849
Ownwell’s St James Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in St James. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in St James to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights, scroll down to explore trends at a neighborhood level. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for your tax obligations.
Property Tax Rates Across St James, Florida
Property taxes in St. James, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. James is 0.95%, which is slightly lower than the Florida state median of 0.98% but still close to the U.S. national median of 0.99%. Local government entities within St. James set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. James 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 St. James's effective property tax rate to other counties in Florida and the national median. For comparison, ZIP code 32043 has the highest median property tax rate of 1.10%, while ZIP code 32044 has the lowest median tax rate of 0.85%. Understanding how these cities compare with St. James 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 St James Tax Rate
0.97%
Average Franklin County Tax Rate
0.87%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across St James, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across St James, Florida
In St. James, 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. Being aware of these valuation processes in St. James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in St. James is $201,401, with annual tax bills ranging from $1,838 at the 25th percentile to $2,724 at the 90th percentile.
Average St James Assessed Value
$201,401
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 St James, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across St James, Florida
In St. James, Franklin County, FL, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $201,401, homeowners can expect their tax bills to vary. The 25th percentile tax bill is around $1,838, while the 75th percentile tax bill reaches approximately $2,677. At the 90th percentile, the tax bill is about $2,724. These figures indicate that property taxes in St. James can have a significant impact on homeowners, influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, homeowners in St. James may find their tax obligations to be a considerable factor in their financial planning. Understanding these factors helps residents anticipate their annual tax expenses and manage their budgets more effectively.
Average St James Tax Bill
$1,979
Average Franklin County Tax Bill
$2,090
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across St James, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell