Tallahassee, Florida Property Taxes
The median property tax rate in Tallahassee, FL is 1.19%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $182,546 in Tallahassee, the typical annual property tax bill amounts to $2,099, slightly below the national median of $2,690. Property taxes in Tallahassee are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Tallahassee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tallahassee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tallahassee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,172
$2,054
Ownwell’s Tallahassee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tallahassee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tallahassee 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 Tallahassee, Florida
Property taxes in Tallahassee, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Tallahassee is 1.19%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Tallahassee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tallahassee 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 Tallahassee's effective property tax rate to other areas in Florida and the national median. For comparison, the 32304 zip code has the highest median property tax rate of 1.80%, while the 32317 zip code has the lowest median tax rate of 1.05%. Understanding how these areas compare with Tallahassee provides valuable insights into the varying tax landscape across Leon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tallahassee Tax Rate
1.19%
Average Leon County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32301 | 0.61% | 0.92% | 1.59% | 1.85% | 1.88% |
| 32303 | 0.64% | 0.84% | 1.20% | 1.77% | 1.88% |
| 32304 | 0.66% | 1.47% | 1.80% | 1.88% | 1.88% |
| 32305 | 0.49% | 0.68% | 1.07% | 1.72% | 1.91% |
| 32308 | 0.74% | 0.94% | 1.23% | 1.81% | 1.88% |
| 32309 | 0.72% | 0.89% | 1.08% | 1.33% | 1.78% |
| 32310 | 0.61% | 0.86% | 1.47% | 1.82% | 2.06% |
| 32311 | 0.66% | 0.89% | 1.29% | 1.62% | 1.92% |
| 32312 | 0.77% | 0.94% | 1.13% | 1.41% | 1.64% |
| 32317 | 0.75% | 0.90% | 1.05% | 1.30% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Tallahassee, Florida
In Tallahassee, 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 Leon 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 Tallahassee, 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. In Tallahassee, the highest median tax bill is $3,512 in the 32312 zip code, while the lowest is $717 in the 32305 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tallahassee Assessed Value
$182,546
Average Leon County Assessed Value
$182,546
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32301 | $62,666 | $97,289 | $136,400 | $186,936 | $234,765 |
| 32303 | $85,500 | $115,954 | $155,461 | $202,471 | $270,405 |
| 32304 | $38,000 | $58,941 | $94,103 | $124,674 | $181,035 |
| 32305 | $20,358 | $38,063 | $76,496 | $127,384 | $178,366 |
| 32308 | $124,300 | $164,994 | $221,792 | $305,397 | $404,228 |
| 32309 | $151,791 | $208,457 | $270,511 | $349,405 | $467,934 |
| 32310 | $28,000 | $47,548 | $75,186 | $124,959 | $208,380 |
| 32311 | $75,767 | $146,874 | $209,259 | $304,401 | $392,051 |
| 32312 | $180,055 | $229,022 | $309,413 | $423,496 | $588,963 |
| 32317 | $97,173 | $212,942 | $275,172 | $333,408 | $401,306 |
Source: Ownwell
Property Tax Bills Across Tallahassee, Florida
In Tallahassee, located in Leon County, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county's property appraiser and reflects the market value of the home. For instance, the median home price here is $182,546. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the final tax bill, including property exemptions, local tax levies, and specific assessments for services like schools and infrastructure. Homeowners in Tallahassee experience a range of tax bills. For example, the 25th percentile tax bill is around $1,201, while the 75th percentile reaches $3,378. The tax burden can be significant, especially in the highest median tax bill zip code, 32312, where it hits $3,512. Conversely, areas like zip code 32305 have the lowest median tax bill at $717. These variations affect homeowners differently, influencing their financial planning and housing affordability.
Average Tallahassee Tax Bill
$2,099
Average Leon County Tax Bill
$2,099
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallahassee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32301 | $654 | $1,099 | $1,784 | $2,562 | $3,591 |
| 32303 | $734 | $1,247 | $1,814 | $2,607 | $3,625 |
| 32304 | $451 | $827 | $1,448 | $1,996 | $2,805 |
| 32305 | $218 | $434 | $717 | $1,369 | $2,114 |
| 32308 | $1,208 | $1,948 | $2,743 | $3,971 | $5,674 |
| 32309 | $1,247 | $1,997 | $2,987 | $4,176 | $5,739 |
| 32310 | $338 | $560 | $944 | $1,590 | $2,486 |
| 32311 | $705 | $1,359 | $2,487 | $4,307 | $6,194 |
| 32312 | $1,609 | $2,338 | $3,512 | $5,185 | $7,213 |
| 32317 | $874 | $2,014 | $2,911 | $3,804 | $4,914 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Leon Property Appraiser | |
| Website | www.leonpa.org |