Fanning Springs, Gilchrist County, Florida Property Taxes

Name: Property Tax Bills Across Fanning Springs, Gilchrist County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fanning Springs, FL effective property tax rate: 1.12%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Fanning Springs, FL home value: $94,723
Median annual Fanning Springs, FL tax bill: $1,034, $1,366 lower than the national median property tax bill of $2,400.

How are property taxes in Gilchrist County calculated?

Property taxes in Fanning Springs, 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 Fanning Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fanning Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fanning Springs, Gilchrist County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$1,061

$984

Ownwell’s Fanning Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fanning Springs with just two data points.

By entering your property's estimated assessed value, our calculator applies Fanning Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Gilchrist County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fanning Springs, Gilchrist County, Florida

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide essential 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.

In Fanning Springs, located in Gilchrist County, the effective property tax rate can be compared to other cities in Florida and the median property tax rates in the state and the U.S. Fanning Springs has a median property tax rate of 1.12%, slightly above the national median of 1.02%. This places it on par with the highest and lowest median tax rates in the area. Homeowners in Fanning Springs might find their property tax bills higher than the national median of $2,400, depending on their property's assessed value. Understanding these rates helps property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Fanning Springs, Gilchrist County, Florida

Source: Ownwell

0.84%

0.98%

1.12%

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 Fanning Springs Tax Rate

1.12%

Median Effective Gilchrist County Tax Rate

0.92%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fanning Springs, Gilchrist County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32693	0.38%	0.72%	1.12%	1.85%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Fanning Springs, Gilchrist County, Florida

When examining property taxes in Fanning Springs, 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 Gilchrist County Property Appraiser 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 Gilchrist 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 Fanning Springs. For example, the median home price in Fanning Springs is $94,723, with tax bills ranging significantly across the county. Zip code 32693 has the highest median home price at $94,723.

Property Tax Assessment Values Across Fanning Springs, Gilchrist County, Florida

Source: Ownwell

$94,723

$121,909

$149,095

Median Fanning Springs Market Value

$94,723

Median Gilchrist County Market Value

$108,197

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fanning Springs, Gilchrist County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32693	$38,800	$56,238	$94,723	$186,217	$210,158

Source: Ownwell

Property Tax Bills Across Fanning Springs, Gilchrist County, Florida

In Fanning Springs, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Gilchrist County property appraiser, who considers factors such as the property's market value, location, and improvements. Homeowners in this area experience a median property tax bill of $1,034, which is notably below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $603 and the 90th percentile reaching $2,885. These variations can impact homeowners' financial planning and affordability. Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing individual property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This service can be especially beneficial in ensuring that homeowners are not overpaying and are only paying their fair share, ultimately leading to significant savings. With Ownwell's expertise, homeowners can navigate the complexities of property tax appeals with confidence.

Property Tax Bills Across Fanning Springs, Gilchrist County, Florida

Source: Ownwell

$985

$1,141

$1,296

Median Fanning Springs Tax Bill

$1,034

Median Gilchrist County Tax Bill

$1,052

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Fanning Springs, Gilchrist County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32693	$223	$603	$1,034	$2,005	$2,885

Source: Ownwell