Mc Intosh, Florida Property Taxes
The median property tax rate in MC INTOSH, FL is 0.79%, which is notably lower than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $163,245 in MC INTOSH, the typical annual property tax bill is approximately $1,452, well below the national median of $2,690. Property taxes in MC INTOSH are based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding MC INTOSH's property tax system and exploring available exemptions, homeowners can uncover opportunities for significant annual savings. Whether you're residing in the heart of MC INTOSH or another part of the county, gaining insight into the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Intosh, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,290
$1,197
Ownwell’s MC INTOSH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC INTOSH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC INTOSH 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 Mc Intosh, Florida
Property taxes in McIntosh, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McIntosh is 0.79%, which is lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within McIntosh set these rates annually, and they can vary significantly across different neighborhoods. Each year, McIntosh 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. Understanding how these cities compare with McIntosh provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Intosh Tax Rate
0.79%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Intosh, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32664 | 0.46% | 0.58% | 0.79% | 1.37% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Mc Intosh, Florida
In MC INTOSH, 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 Marion 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 MC INTOSH, 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. Being aware of these valuation processes in MC INTOSH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $1452.00 in the 32664 zip code, which is also the lowest median tax bill, highlighting the importance of understanding and managing property tax assessments.
Average Mc Intosh Assessed Value
$163,245
Average Marion County Assessed Value
$176,469
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Intosh, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32664 | $63,234 | $109,916 | $163,245 | $249,625 | $318,977 |
Source: Ownwell
Property Tax Bills Across Mc Intosh, Florida
In MC INTOSH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to establish the annual property tax bill. The median home price in MC INTOSH is $163,245, and the property tax rates can vary within different regions of the county. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in MC INTOSH can expect their tax bills to range significantly. For instance, the tax bill at the 25th percentile is $780, while it reaches $2,266 at the 75th percentile and $3,142 at the 90th percentile. These property taxes can have a substantial impact on homeowners, affecting their monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, homeowners in MC INTOSH may find their tax obligations to be relatively moderate, providing some relief in terms of annual expenses.
Average Mc Intosh Tax Bill
$1,452
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Intosh, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32664 | $579 | $780 | $1,452 | $2,266 | $3,142 |
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 | |
|---|---|
| Marion Property Appraiser | |
| Website | www.pa.marion.fl.us |