High Springs, Gilchrist County, Florida Property Taxes
The median property tax rate in High Springs, FL is 0.84%, 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 High Springs at $149,095, the typical annual property tax bill is $1,296, falling below the national median of $2,690. Property taxes in High Springs are calculated based on the tax assessed value, which usually is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding High Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of High Springs 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
High Springs, Gilchrist County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,252
$1,162
Ownwell’s High Springs Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in High Springs using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Springs 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 High Springs, Gilchrist County, Florida
Property taxes in High Springs, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Springs is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within High Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Springs 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 High Springs' effective property tax rate to other counties in Florida and the national median. For comparison, the 32643 zip code has the highest median property tax rate of 0.84%, while the same 32643 zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with High Springs 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 High Springs Tax Rate
0.84%
Average Gilchrist County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Springs, Gilchrist County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | 0.56% | 0.68% | 0.84% | 1.11% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across High Springs, Gilchrist County, Florida
In High Springs, 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 Appraisal District 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 High Springs, 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 High Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,296, found in the 32643 zip code.
Property Tax Assessment Values Across High Springs, Gilchrist County, Florida
Source: Ownwell
$94,723
$121,909
$149,095
Average High Springs Assessed Value
$149,095
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 High Springs, Gilchrist County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | $70,138 | $97,426 | $149,095 | $218,490 | $300,247 |
Source: Ownwell
Property Tax Bills Across High Springs, Gilchrist County, Florida
In High Springs, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Local tax authorities in Gilchrist County calculate this assessed value, and then apply the relevant tax rate. The median home price in High Springs is $149,095, which serves as a baseline for determining tax bills. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the 25th percentile tax bill is $698, while the 75th percentile reaches $2,125, and the 90th percentile can be as high as $3,257. These variations highlight how different property characteristics and exemptions can impact the overall tax burden. Homeowners in High Springs face a median property tax bill of $1,296, which is slightly above the national median rate of 0.99%. This financial obligation can affect household budgets, making it crucial for homeowners to understand how their tax bill is calculated and what factors contribute to its amount.
Average High Springs Tax Bill
$1,296
Average Gilchrist County Tax Bill
$1,052
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across High Springs, Gilchrist County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32643 | $452 | $698 | $1,296 | $2,125 | $3,257 |
Source: Ownwell