Havana, Florida Property Taxes
The median property tax rate in Havana, FL is 0.81%, lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Havana, the typical annual property tax bill reaches $1,020, which is significantly below the national median of $2,690. Property taxes in Havana are calculated based on the assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Havana'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 Havana 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
Havana, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$993
$921
Ownwell’s Havana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havana 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 Havana, Florida
Property taxes in Havana, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havana is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Havana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havana 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 Havana's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32333 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Havana provides valuable insights into the varying tax landscape across Gadsden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havana Tax Rate
0.81%
Average Gadsden County Tax Rate
0.91%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32333 | 0.36% | 0.56% | 0.81% | 1.22% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Havana, Florida
In Havana, 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 Gadsden 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. In Havana, 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 Havana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Havana are both $1,020, found in the 32333 zip code.
Average Havana Assessed Value
$122,566
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 Havana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32333 | $43,114 | $69,004 | $122,566 | $215,255 | $300,723 |
Source: Ownwell
Property Tax Bills Across Havana, Florida
In Havana, located in Gadsden County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $122,566, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. In Havana, the property tax bills can range significantly. At the 25th percentile, homeowners might pay around $492, while those at the 75th percentile could see bills as high as $1,892. The top 10% of tax bills can reach up to $2,944. Comparatively, Gadsden County's median tax bill of $1,020 is slightly above the national median property tax rate of 0.99%, reflecting the local economic conditions and the county's funding needs for public services. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Havana Tax Bill
$1,020
Average Gadsden County Tax Bill
$831
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Havana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32333 | $270 | $492 | $1,020 | $1,892 | $2,944 |
Source: Ownwell