Jefferson County, Florida Property Taxes
The median property tax rate in Jefferson County is 1.11%, which is higher than the national median of 0.99% but slightly lower than the Florida state median of 1.14%. With the median home value in Jefferson County at $99,936, the typical annual property tax bill is approximately $1,108, which is below the national median of $2,690. Property taxes in Jefferson County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Jefferson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Monticello or another part of Jefferson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,109
$1,029
Ownwell’s Jefferson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jefferson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Jefferson County, Florida
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Tallahassee has one of the higher property tax rates in Florida at 1.94%, while the city of Monticello boasts one of the lowest at 1.11%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
1.11%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenville | 0.75% | 0.91% | 1.15% | 1.57% | 1.96% |
| Lamont | 0.70% | 0.87% | 1.13% | 1.83% | 2.46% |
| Monticello | 0.69% | 0.85% | 1.11% | 1.66% | 2.37% |
| Tallahassee | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Florida
In Jefferson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Jefferson County Appraisal District. The assessed value, however, 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. Assessment notices in Jefferson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in Jefferson County is $1,139 in Monticello, while the lowest is $364 in Tallahassee. Being aware of these valuation processes in Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Jefferson County, Florida
Source: Ownwell
$74,987
$88,626
$102,265
Average Jefferson County Assessed Value
$99,936
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenville | $45,517 | $66,637 | $92,279 | $137,685 | $223,675 |
| Lamont | $22,581 | $40,972 | $74,987 | $117,508 | $223,147 |
| Monticello | $30,681 | $58,606 | $102,265 | $182,416 | $281,858 |
| Tallahassee | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Jefferson County, Florida
In Jefferson County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is influenced by various factors, including the property's market value, location, and any improvements made. Homeowners can expect their tax bills to vary significantly within the county. For instance, the 25th percentile tax bill is $694, while the 75th percentile reaches $1,929, and the 90th percentile can be as high as $3,092. These figures show a broad range of tax liabilities, reflecting the diverse property values in Jefferson County. The highest median tax bill is found in Monticello at $1,139, whereas Tallahassee has the lowest median at $364. Compared to the national median property tax rate of 0.99%, Jefferson County's rates can present a relatively affordable option for homeowners, but the actual impact on individual finances will depend on the specific assessed value of their property.
Average Jefferson County Tax Bill
$1,108
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenville | $555 | $740 | $988 | $1,576 | $2,253 |
| Lamont | $371 | $599 | $851 | $1,349 | $2,044 |
| Monticello | $447 | $698 | $1,139 | $2,000 | $3,154 |
| Tallahassee | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell