Malone, Jackson County, Florida Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Malone’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Malone, located in Jackson County, Florida, presents a unique case in property tax rates. The effective property tax rate in Malone is 0.67%, which is notably lower than the national median property tax rate of 1.02%. This means homeowners in Malone benefit from a lower property tax burden compared to the national average. Interestingly, this rate also aligns with the highest and lowest median tax rates within the area, indicating a consistent tax rate across the region. Property owners in Malone enjoy lower tax bills, which can be a significant advantage when compared to the national median property tax bill of $2,400.

In Malone, located in Jackson County, FL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this region is $62,290, and property tax rates are relatively low compared to the national median property tax rate of 1.02%. Homeowners can expect a median tax bill of $413, significantly lower than the national median of $2,400. The tax bill varies, with the 25th percentile at $208 and the 75th percentile reaching $731, while the 90th percentile can go up to $1,227. These figures highlight the variation in property tax burdens among homeowners.

Factors influencing the tax bill include property value assessments and applicable exemptions. For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By reviewing property assessments and identifying potential errors or overlooked exemptions, Ownwell helps homeowners save money, ensuring they pay only their fair share. This personalized approach can lead to substantial savings on property tax bills.