Bell, Florida Property Taxes
The median property tax rate in Bell, FL is 0.91%, 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 $102,536, the typical annual property tax bill in Bell reaches $985, significantly below the national median of $2,690. Property taxes in Bell are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bell'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 Bell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bell, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$933
$866
Ownwell’s BELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELL 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 Bell, Florida
Property taxes in Bell, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bell is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Bell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bell 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 Bell's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32619 has both the highest and lowest median property tax rate in the county, standing at 0.91%. Understanding how these areas compare with Bell provides valuable insights into the varying tax landscape across Gilchrist County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bell Tax Rate
0.91%
Average Gilchrist County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32619 | 0.54% | 0.68% | 0.91% | 1.58% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Bell, Florida
In Bell, 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 Gilchrist 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 Bell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32619 has the highest median tax bill of $985, while the lowest median tax bill is also $985.
Average Bell Assessed Value
$102,536
Average Gilchrist County Assessed Value
$108,197
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32619 | $47,108 | $70,356 | $102,536 | $155,443 | $219,119 |
Source: Ownwell
Property Tax Bills Across Bell, Florida
In BELL, located in Gilchrist County, FL, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in BELL face a median property tax rate of 0.99%, which aligns with the national median. For a home with a median price of $102,536, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay approximately $623 annually, while those in the 75th percentile might see bills around $1,695. At the 90th percentile, the tax bill can reach up to $2,548. The highest and lowest median tax bills are both reported at $985 in the zip code 32619. These property taxes fund essential local services, including schools, public safety, and infrastructure. As a result, accurate assessments and fair tax rates are crucial for ensuring homeowners contribute their fair share while supporting the community’s needs.
Average Bell Tax Bill
$985
Average Gilchrist County Tax Bill
$1,052
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32619 | $352 | $623 | $985 | $1,695 | $2,548 |
Source: Ownwell