Caryville, Florida Property Taxes
The median property tax rate in Caryville, FL is 0.84%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $40,790 in Caryville, the typical annual property tax bill amounts to $338, significantly below the national median of $2,690. Property taxes in Caryville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Caryville'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 Caryville or another part of Holmes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caryville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$343
$318
Ownwell’s Caryville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a straightforward way to estimate annual property taxes in Caryville using just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caryville to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities effectively. For those interested in exploring trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Caryville, Florida
Property taxes in Caryville, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caryville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Caryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caryville 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 Caryville's effective property tax rate to other areas in Holmes County and the national median. For comparison, the zip code 32425 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Caryville provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caryville Tax Rate
0.84%
Average Holmes County Tax Rate
0.87%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | 0.24% | 0.54% | 0.84% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Caryville, Florida
In Caryville, 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 Holmes 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 Caryville, 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. The highest median tax bill in Holmes County is $338 in the 32425 zip code, which is also the lowest median 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 Caryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caryville Assessed Value
$40,790
Average Holmes County Assessed Value
$55,786
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | $14,018 | $22,510 | $40,790 | $59,761 | $98,320 |
Source: Ownwell
Property Tax Bills Across Caryville, Florida
In Caryville, located in Holmes County, FL, property tax bills are determined by assessing the value of a property and applying the relevant tax rate. The median home price in Caryville is $40,790. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. Factors such as property size, location, and improvements can affect the assessed value. For homeowners in Caryville, the tax bill can vary significantly. The 25th percentile tax bill is $179, while the 75th percentile tax bill reaches $611. At the 90th percentile, the tax bill can be as high as $942. The highest and lowest median tax bills in the area are both recorded at $338 in the zip code 32425. Compared to the national median property tax rate of 0.99%, Caryville's property tax rates can be considered relatively low. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Caryville Tax Bill
$338
Average Holmes County Tax Bill
$469
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | $97 | $179 | $338 | $611 | $942 |
Source: Ownwell