Graceville, Jackson County, Florida Property Taxes

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

Median Graceville, FL effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Graceville, FL home value: $71,597
Median annual Graceville, FL tax bill: $517, $1,883 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

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

Last Updated March 1, 2025

Graceville, Jackson County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$544

$505

Ownwell’s Graceville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Graceville with just two data points. By entering your property's estimated assessed value, our calculator applies Graceville’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 Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Graceville, Jackson County, Florida

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Graceville’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. Graceville, located in Jackson County, reflects a property tax rate of 0.76%, which is notably lower than the national median property tax rate of 1.02%. This means residents in Graceville enjoy a relatively lower property tax burden compared to many other regions in the country. Understanding these differences can help property owners make informed decisions about their investments and financial planning. In Florida, where the median tax rate aligns with Graceville's, property tax rates can still vary significantly, underscoring the importance of being aware of local tax obligations.

Property Tax Rates Across Graceville, Jackson County, Florida

Source: Ownwell

0.67%

0.89%

1.10%

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 Graceville Tax Rate

0.76%

Median Effective Jackson County Tax Rate

0.68%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Graceville, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32440	0.22%	0.46%	0.76%	1.40%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Graceville, Jackson County, Florida

When examining property taxes in Graceville, Florida, 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 Jackson 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.

In Jackson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Graceville.

For example, the median home price in Graceville is $71,597, with tax bills ranging significantly across the county. ZIP code 32440 has the highest median home price at $71,597.

Property Tax Assessment Values Across Graceville, Jackson County, Florida

Source: Ownwell

$58,079

$83,644

$109,208

Median Graceville Market Value

$71,597

Median Jackson County Market Value

$75,077

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Graceville, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32440	$28,449	$45,168	$71,597	$115,424	$172,982

Source: Ownwell

Property Tax Bills Across Graceville, Jackson County, Florida

Property tax bills in Graceville, located in Jackson County, Florida, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects the property's market value. Homeowners in Graceville face property tax bills that vary significantly, with the 25th percentile at $303 and the 75th percentile reaching up to $996. The 90th percentile tax bill can go as high as $1,663. These figures highlight the variability in property tax burdens across different homes in the area. Compared to the national median property tax bill of $2,400, Graceville's tax bills are generally more affordable. However, they can still pose a financial burden for homeowners, especially if the property's assessed value increases. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service can lead to significant savings and alleviate the financial strain of property taxes.

Property Tax Bills Across Graceville, Jackson County, Florida

Source: Ownwell

$388

$604

$820

Median Graceville Tax Bill

$517

Median Jackson County Tax Bill

$487

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Graceville, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32440	$120	$303	$517	$996	$1,663

Source: Ownwell