Port St Joe, Florida Property Taxes
The median property tax rate in Port St. Joe, FL is 1.29%, notably higher than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $85,000 in Port St. Joe, the typical annual property tax bill amounts to $1,360, surpassing the national median of $2,690. Property taxes in Port St. Joe are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Port St. 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 St. Joe 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
Port St Joe, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,097
$1,038
Ownwell’s Port St. Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port St. Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port St. 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 St Joe, Florida
Property taxes in Port St. Joe, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port St. Joe is 1.29%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Port St. Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port St. 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 St. 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 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Port St. 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 St Joe Tax Rate
1.29%
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 St Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | 0.88% | 1.07% | 1.29% | 1.30% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Port St Joe, Florida
In Port St. 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 St. 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 St. Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Port St. Joe is 32456, with a median tax bill of $1,360.
Average Port St Joe Assessed Value
$85,000
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 St Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $50,000 | $65,000 | $85,000 | $300,000 | $682,385 |
Source: Ownwell
Property Tax Bills Across Port St Joe, Florida
In Port St. Joe, located within Gulf County, FL, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine this value, which often differs from the market value. The assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For example, in Port St. Joe, the median home price is $85,000, and the median tax bill stands at $1,360, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Port St. Joe can expect a wide range of tax bills. The 25th percentile tax bill is $839, while those at the 75th percentile pay around $2,935. At the 90th percentile, the tax bill can soar to $8,549. These taxes significantly impact homeowners, affecting their annual budgets and overall financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Port St Joe Tax Bill
$1,360
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 St Joe, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32456 | $700 | $839 | $1,360 | $2,935 | $8,549 |
Source: Ownwell