Gadsden County, Florida Property Taxes
The median property tax rate in Gadsden County is 0.91%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Gadsden County at $92,320, the typical annual property tax bill is approximately $831, far below the national median of $2,690. Property taxes in Gadsden County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gadsden County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Quincy or another part of Gadsden County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gadsden County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$840
$780
Ownwell’s Gadsden County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gadsden County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gadsden County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gadsden County, Florida
Property taxes in Gadsden County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gadsden County is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Gadsden County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gadsden County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Greensboro has one of the higher property tax rates in Florida at 1.32%, while the city of Havana boasts one of the lowest at 0.81%. Analyzing how Gadsden County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gadsden County Tax Rate
0.91%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gadsden County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | 0.27% | 0.47% | 0.91% | 1.37% | 1.62% |
| Greensboro | 0.47% | 0.61% | 1.32% | 1.65% | 1.87% |
| Gretna | 0.27% | 0.61% | 1.18% | 1.65% | 1.88% |
| Havana | 0.36% | 0.56% | 0.81% | 1.22% | 1.45% |
| Midway | 0.62% | 0.76% | 0.92% | 1.47% | 1.80% |
| Quincy | 0.36% | 0.59% | 0.98% | 1.44% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Gadsden County, Florida
In Gadsden County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gadsden County Appraisal District. The assessed value, however, 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 in Gadsden County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Gadsden County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Gadsden County, the highest median tax bill is in Midway at $1,488, while the lowest is in Chattahoochee at $492.
Average Gadsden County Assessed Value
$92,320
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gadsden County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | $20,258 | $41,349 | $62,817 | $97,624 | $145,269 |
| Greensboro | $20,148 | $35,665 | $54,750 | $88,482 | $131,059 |
| Gretna | $20,934 | $35,604 | $55,414 | $89,056 | $130,636 |
| Havana | $43,114 | $69,004 | $122,566 | $215,255 | $300,723 |
| Midway | $48,342 | $102,009 | $171,976 | $202,821 | $241,074 |
| Quincy | $31,479 | $51,039 | $83,848 | $137,440 | $218,222 |
Source: Ownwell
Property Tax Bills Across Gadsden County, Florida
In Gadsden County, FL, property tax bills are determined by the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Gadsden County can expect varying property tax bills depending on their property's assessed value and location within the county. For example, the median home price in Gadsden County is $92,320, with tax bills ranging from $434 at the 25th percentile to $2,619 at the 90th percentile. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. Homeowners in Midway face the highest median tax bill at $1,488, while those in Chattahoochee experience the lowest at $492. Compared to the national median property tax rate of 0.99%, Gadsden County's tax bills show a significant range, affecting homeowners differently based on their property's assessed value and location within the county.
Average Gadsden County Tax Bill
$831
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Gadsden County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | $137 | $278 | $492 | $851 | $1,372 |
| Greensboro | $246 | $369 | $573 | $925 | $1,556 |
| Gretna | $150 | $333 | $550 | $895 | $1,431 |
| Havana | $270 | $492 | $1,020 | $1,892 | $2,944 |
| Midway | $458 | $982 | $1,488 | $2,404 | $3,390 |
| Quincy | $226 | $411 | $761 | $1,473 | $2,373 |
Source: Ownwell