Port Saint Joe, Gulf County, Florida Property Taxes
The median property tax rate in Port Saint Joe, FL is 1.08%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $282,760, the typical annual property tax bill in Port Saint Joe is $2,768, just under the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Port Saint Joe'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 Port Saint Joe or another part of Gulf County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port Saint Joe, Gulf County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,054
$2,834
Ownwell’s Port Saint Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Saint Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Saint Joe 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 Port Saint Joe, Gulf County, Florida
Property taxes in Port Saint Joe, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Saint Joe is 1.08%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Port Saint Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Saint Joe 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 Port Saint Joe's effective property tax rate to other counties in Florida and the national median. For comparison, the 32456 zip code has the highest median property tax rate of 1.08%, while the same 32456 zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Port Saint Joe provides valuable insights into the varying tax landscape across Gulf County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Saint Joe Tax Rate
1.08%
Average Gulf County Tax Rate
1.05%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Saint Joe, Gulf County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | 0.32% | 0.72% | 1.08% | 1.29% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Port Saint Joe, Gulf County, Florida
In Port Saint Joe, 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 Gulf 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 Port Saint Joe, 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 Port Saint Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In this area, the highest and lowest median tax bills are both $2,768, specifically in the 32456 zip code.
Property Tax Assessment Values Across Port Saint Joe, Gulf County, Florida
Source: Ownwell
$76,891
$179,826
$282,760
Average Port Saint Joe Assessed Value
$282,760
Average Gulf County Assessed Value
$190,146
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Saint Joe, Gulf County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $77,331 | $162,782 | $282,760 | $488,428 | $921,856 |
Source: Ownwell
Property Tax Bills Across Port Saint Joe, Gulf County, Florida
Property tax bills in Port Saint Joe, located in Gulf County, FL, are calculated based on the assessed value of a property as determined by the county assessor. The assessed value is a percentage of the property's market value, which for this area, has a median home price of $282,760. Once the assessed value is established, the property tax rate, or millage rate, is applied to determine the tax bill. In Port Saint Joe, property tax bills can vary significantly. For instance, at the 25th percentile, homeowners can expect to pay around $1,200 annually, while those at the 75th percentile may face bills up to $5,211. At the 90th percentile, tax bills can climb to $9,689. These figures illustrate the range of property tax burdens that homeowners might encounter, influenced by factors such as property location, home value, and specific exemptions available. Compared to the national median property tax rate of 0.99%, the tax rates in Port Saint Joe reflect the local economic and property market conditions, directly impacting homeowners' annual financial obligations.
Average Port Saint Joe Tax Bill
$2,768
Average Gulf County Tax Bill
$1,572
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Saint Joe, Gulf County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $457 | $1,200 | $2,768 | $5,211 | $9,689 |
Source: Ownwell