Hosford, Liberty County, Florida Property Taxes
The median property tax rate in Hosford, FL is 1.08%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $38,196, the typical annual property tax bill in Hosford amounts to $401, which is significantly below the national median of $2,690. Property taxes in Hosford are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hosford'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 Hosford or another part of Liberty County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hosford, Liberty County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$413
$383
Ownwell’s Hosford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hosford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hosford 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 Hosford, Liberty County, Florida
Property taxes in Hosford, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hosford is 0.83%, which is lower than both the Florida state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Hosford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hosford 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 Hosford's effective property tax rate to other counties in Florida and the national median. For comparison, 32321 has the highest median property tax rate of 1.47%, while 32334 has the lowest median tax rate of 1.08%. Understanding how these cities compare with Hosford provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hosford Tax Rate
1.08%
Average Liberty County Tax Rate
1.20%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hosford, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32321 | N/A | N/A | N/A | N/A | N/A |
| 32334 | 0.31% | 0.56% | 1.08% | 1.47% | 1.47% |
| 34334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Hosford, Liberty County, Florida
In Hosford, 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 Liberty 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 Hosford, 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. For instance, the median home price in Hosford is $38,196, with tax bills ranging from $200 at the 25th percentile to $1,363 at the 90th percentile. The highest median tax bill is $425 in the 34334 zip code, while the lowest is $401 in the 32334 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hosford, Liberty County, Florida
Source: Ownwell
$28,297
$42,092
$55,886
Average Hosford Assessed Value
$38,196
Average Liberty County Assessed Value
$47,685
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hosford, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32321 | N/A | N/A | N/A | N/A | N/A |
| 32334 | $12,541 | $20,548 | $38,876 | $85,596 | $142,538 |
| 34334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Hosford, Liberty County, Florida
Property tax bills in Hosford, Liberty County, FL, are determined based on the assessed value of a property. The local tax assessor evaluates properties to establish their assessed values, which are then multiplied by the local tax rate to calculate the tax bill. In Hosford, the median home price is $38,196, and the property tax rate is applied to this value to determine the annual tax obligation. Several factors influence the assessed value, including the property's market value, location, and any improvements or modifications made to the property. The tax bill can vary significantly, with the 25th percentile paying around $200, while those in the 90th percentile can see bills as high as $1,363. The highest median tax bill in the area is $425, while the lowest is $401, indicating a relatively narrow range. For homeowners, understanding these factors is crucial as they directly impact the annual financial burden associated with property ownership. Comparing these figures to the national median property tax rate of 0.99% can provide additional context for how local rates stack up.
Average Hosford Tax Bill
$401
Average Liberty County Tax Bill
$460
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hosford, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32321 | N/A | N/A | N/A | N/A | N/A |
| 32334 | $108 | $200 | $401 | $760 | $1,372 |
| 34334 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell