Branford, Lafayette County, Florida Property Taxes

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

Median BRANFORD, FL effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median BRANFORD, FL home value: $84,429
Median annual BRANFORD, FL tax bill: $898, $1,502 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette calculated?

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

Last Updated March 1, 2025

Branford, Lafayette County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$878

$815

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

Property Tax Rates Across Branford, Lafayette County, Florida

Local government entities set tax rates, which can vary widely within a state. Annually, each county in Florida 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. Below, you can compare Branford’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Branford, Lafayette County, Florida

Source: Ownwell

0.97%

1.01%

1.04%

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 Branford Tax Rate

1.04%

Median Effective Lafayette County Tax Rate

0.99%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Branford, Lafayette County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32008	0.63%	0.79%	1.04%	1.69%	1.96%

Source: Ownwell

Property Tax Assessment Values Across Branford, Lafayette County, Florida

When examining property taxes in Branford, 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 Lafayette 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 Lafayette 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 Branford. For example, the median home price in Branford is $84,429, with tax bills ranging significantly across the county. Zip code 32008 has the highest median home price at $84,429.

Property Tax Assessment Values Across Branford, Lafayette County, Florida

Source: Ownwell

$69,223

$76,826

$84,429

Median Branford Market Value

$84,429

Median Lafayette County Market Value

$72,237

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Branford, Lafayette County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32008	$23,031	$42,354	$84,429	$157,052	$230,144

Source: Ownwell

Property Tax Bills Across Branford, Lafayette County, Florida

In Branford, located in Lafayette County, FL, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the county tax assessor and may differ from the market value. Factors such as property improvements and local tax levies influence the final tax bill. Homeowners in Branford face a median tax bill of $898, which is significantly lower than the national median of $2400. However, some homeowners pay as much as $2813, especially those in the 90th percentile of tax bills. This disparity underscores the importance of ensuring your property is accurately assessed. Ownwell offers services to help homeowners appeal their property tax assessments and secure exemptions where applicable. By leveraging expert insights and local market knowledge, Ownwell can help reduce your property tax burden, ensuring you only pay your fair share. This can lead to significant savings, providing peace of mind and financial relief for homeowners.

Property Tax Bills Across Branford, Lafayette County, Florida

Source: Ownwell

$697

$798

$898

Median Branford Tax Bill

$898

Median Lafayette County Tax Bill

$733

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Branford, Lafayette County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32008	$217	$488	$898	$1,749	$2,813

Source: Ownwell