Jasper, Hamilton County, Florida Property Taxes
The median property tax rate in Jasper, FL is 0.68%, significantly lower than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Jasper at $90,125, the typical annual property tax bill is $647, which is well below the national median of $2,690. Property taxes in Jasper are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jasper's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jasper or another part of Hamilton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jasper, Hamilton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$613
$569
Ownwell’s Jasper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jasper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jasper 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 Jasper, Hamilton County, Florida
Property taxes in Jasper, Florida, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Jasper is 0.68%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Jasper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jasper 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 Jasper's effective property tax rate to other counties in Florida and the national median. For comparison, the 32052 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Jasper provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jasper Tax Rate
0.68%
Average Hamilton County Tax Rate
0.67%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasper, Hamilton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32052 | 0.21% | 0.40% | 0.68% | 1.29% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Jasper, Hamilton County, Florida
In Jasper, 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 Hamilton 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 Jasper, 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 Jasper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jasper is $90,125, with tax bills ranging from $360 at the 25th percentile to $1,883 at the 90th percentile. Notably, the highest and lowest median tax bills are both in the 32052 zip code, at $647.
Property Tax Assessment Values Across Jasper, Hamilton County, Florida
Source: Ownwell
$88,001
$92,736
$97,471
Average Jasper Assessed Value
$90,125
Average Hamilton County Assessed Value
$91,974
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jasper, Hamilton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32052 | $35,036 | $57,443 | $90,125 | $138,979 | $203,106 |
Source: Ownwell
Property Tax Bills Across Jasper, Hamilton County, Florida
In Jasper, located in Hamilton County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Jasper is $90,125, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions also play a role in determining the final amount. For homeowners in Jasper, the property tax bill can vary significantly. The 25th percentile tax bill is around $360, while the 75th percentile tax bill reaches $1,158. For those at the 90th percentile, the tax bill can be as high as $1,883. These figures illustrate the range of potential tax liabilities homeowners might face. Compared to the national median property tax rate of 0.99%, Jasper's property tax bills reflect the local economic conditions and property values. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Jasper Tax Bill
$647
Average Hamilton County Tax Bill
$640
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasper, Hamilton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32052 | $168 | $360 | $647 | $1,158 | $1,883 |
Source: Ownwell