Sebastian, Indian River County, Florida Property Taxes

Name: Property Tax Bills Across Sebastian, Indian River County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sebastian, FL effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Sebastian, FL home value: $242,836
Median annual Sebastian, FL tax bill: $2,151, $249 lower than the national median property tax bill of $2,400.

How are property taxes in Indian River calculated?

Property taxes in Sebastian, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Sebastian’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sebastian, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sebastian, Indian River County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$2,283

$2,118

Ownwell’s Sebastian Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sebastian with just two data points. By entering your property's estimated assessed value, our calculator applies Sebastian’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Indian River County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sebastian, Indian River County, Florida

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their required budget for providing services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Sebastian, located in Indian River County, Florida, the effective property tax rate is 0.94%. This rate is slightly below the national median property tax rate of 1.02%. When comparing Sebastian’s tax rate to other cities in Florida, it stands out as consistent, with both the highest and lowest median tax rates in the area being 0.94%. This offers a stable tax environment for property owners.

While the national median property tax bill is $2,400, property owners in Sebastian benefit from a lower effective tax rate, which could mean lower tax bills relative to the national average. This can be an attractive factor for potential homeowners looking to settle in a region with predictable property tax expenses.

Property Tax Rates Across Sebastian, Indian River County, Florida

Source: Ownwell

0.81%

1.00%

1.19%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Sebastian Tax Rate

0.94%

Median Effective Indian River County Tax Rate

0.98%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sebastian, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32958	0.43%	0.60%	0.94%	1.43%	1.64%
32976	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sebastian, Indian River County, Florida

When examining property taxes in Sebastian, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Indian River County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Indian River County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sebastian. For example, the median home price in Sebastian is $242,836, with tax bills ranging significantly across the county. Zip code 32958 has the highest median home price at $242,836.

Property Tax Assessment Values Across Sebastian, Indian River County, Florida

Source: Ownwell

$40,484

$351,278

$662,071

Median Sebastian Market Value

$242,836

Median Indian River County Market Value

$256,710

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sebastian, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32958	$137,211	$183,984	$242,836	$297,406	$368,848
32976	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sebastian, Indian River County, Florida

In Sebastian, located in Indian River County, FL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $242,836, homeowners in this area face a property tax bill that can vary significantly. The 25th percentile tax bill is $1,275, while the 75th percentile reaches $3,238, and the 90th percentile can go as high as $4,318. The median tax bill in the zip code 32958 is $2,151, which falls below the national median property tax bill of $2,400. Factors such as home improvements, neighborhood developments, and changes in the local economy can influence the assessed value, impacting the final tax bill. Homeowners may find these costs burdensome, especially if their property is over-assessed. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burden by ensuring a fair assessment, ultimately leading to significant savings.

Property Tax Bills Across Sebastian, Indian River County, Florida

Source: Ownwell

$480

$3,785

$7,089

Median Sebastian Tax Bill

$2,151

Median Indian River County Tax Bill

$2,297

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Sebastian, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32958	$721	$1,275	$2,151	$3,237	$4,319
32976	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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Dates

Links
Indian River Property Appraiser
Website	qpublic.schneidercorp.com