Marianna, Florida Property Taxes
The median property tax rate in Marianna, FL is 0.74%, significantly lower than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $86,827 in Marianna, the typical annual property tax bill is approximately $602, which is well below the national median of $2,690. Property taxes in Marianna are determined based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Marianna'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 Marianna or another part of Jackson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marianna, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$643
$608
Ownwell’s Marianna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marianna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marianna 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 Marianna, Florida
Property taxes in Marianna, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marianna is 0.74%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Marianna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marianna 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 Marianna's effective property tax rate to other areas in Florida and the national median. For comparison, the 32446 zip code has both the highest and lowest median property tax rate in the region at 0.77%. Understanding how these areas compare with Marianna provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marianna Tax Rate
0.74%
Average Jackson County Tax Rate
0.68%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marianna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32446 | 0.24% | 0.51% | 0.77% | 1.14% | 1.39% |
| 32448 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Marianna, Florida
In Marianna, 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 Jackson 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 Marianna, 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 Marianna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 32446 at $820, which is essential information for residents looking to understand their tax landscape.
Average Marianna Assessed Value
$86,827
Average Jackson County Assessed Value
$75,077
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marianna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32446 | $35,187 | $58,918 | $109,208 | $176,848 | $253,220 |
| 32448 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Marianna, Florida
In Marianna, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home improvements. In Jackson County, the median home price stands at $86,827. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in Marianna can expect a wide range of tax bills. For instance, the 25th percentile tax bill is $287, while the 75th percentile tax bill reaches $1,228. At the 90th percentile, homeowners might pay up to $1,988. The median tax bill in the 32446 zip code is $820, reflecting the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, Marianna's rates can be more favorable, offering a relatively lower financial burden on homeowners. This variability underscores the importance of understanding local tax assessments and rates.
Average Marianna Tax Bill
$602
Average Jackson County Tax Bill
$487
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Marianna, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32446 | $128 | $385 | $820 | $1,465 | $2,273 |
| 32448 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell