Telogia, Liberty County, Florida Property Taxes
The median property tax rate in Telogia, FL is 0.98%, slightly below both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $27,802 in Telogia, the typical annual property tax bill is $284, significantly lower than the national median of $2,690. Property taxes in Telogia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Telogia'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 Telogia 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
Telogia, Liberty County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$272
$253
Ownwell’s Telogia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Telogia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Telogia 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 Telogia, Liberty County, Florida
Property taxes in Telogia, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Telogia is 0.98%, slightly below both the Florida state median and the U.S. national median of 0.99%. Local government entities within Telogia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Telogia 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 Telogia's effective property tax rate to other areas in Liberty County and the national median. For comparison, the 32334 zip code has the highest median property tax rate of 1.47%, while the 32360 zip code has the lowest median tax rate of 0.97%. Understanding how these areas compare with Telogia 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 Telogia Tax Rate
0.98%
Average Liberty County Tax Rate
1.20%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Telogia, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32334 | N/A | N/A | N/A | N/A | N/A |
| 32360 | 0.20% | 0.48% | 0.97% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Telogia, Liberty County, Florida
In Telogia, 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 Appraisal District 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 Telogia, 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 example, the highest median tax bill in Telogia is $284 in the 32360 zip code, while the lowest median tax bill is $209 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 in Telogia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Telogia, Liberty County, Florida
Source: Ownwell
$28,297
$42,092
$55,886
Average Telogia Assessed Value
$27,802
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 Telogia, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32334 | N/A | N/A | N/A | N/A | N/A |
| 32360 | $9,813 | $15,748 | $28,297 | $55,064 | $102,393 |
Source: Ownwell
Property Tax Bills Across Telogia, Liberty County, Florida
In Telogia, located in Liberty County, FL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Telogia typically see varying tax bills, influenced by several factors including property size, location, and any applicable exemptions. The median home price in Telogia is $27,802, and property tax rates are applied to this assessed value to determine the annual tax bill. For example, tax bills in Telogia range from the 25th percentile at $147 to the 75th percentile at $481, with the 90th percentile reaching up to $920. Homeowners in the zip code 32360 experience the highest median tax bill at $284, while those in the 32334 zip code see the lowest at $209. These property tax bills directly impact homeowners' finances, making it crucial for them to understand and anticipate their annual obligations.
Average Telogia Tax Bill
$284
Average Liberty County Tax Bill
$460
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Telogia, Liberty County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32334 | N/A | N/A | N/A | N/A | N/A |
| 32360 | $70 | $146 | $284 | $481 | $926 |
Source: Ownwell