Fort Pierce, Florida Property Taxes
The median property tax rate in Fort Pierce, FL is 1.24%, notably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Fort Pierce at $406,890, the typical annual property tax bill reaches $5,042, exceeding the national median of $2,690. Property taxes in Fort Pierce are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Pierce'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 Fort Pierce or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Pierce, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$5,045
$4,770
Ownwell’s Fort Pierce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Pierce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Pierce 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 Fort Pierce, Florida
Property taxes in Fort Pierce, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Pierce is 1.24%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Fort Pierce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Pierce 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 Fort Pierce's effective property tax rate to other counties in Florida and the national median. For comparison, the 34949 zip code has both the highest and lowest median property tax rate of 1.24%. Understanding how these areas compare with Fort Pierce provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Pierce Tax Rate
1.24%
Average Martin County Tax Rate
1.13%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Pierce, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Fort Pierce, Florida
In Fort Pierce, Florida, grasping the difference between "market value" and "assessed value" is essential for understanding property taxes. The market value represents 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 Martin County Appraisal District for tax purposes. On the other hand, 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 Fort Pierce, 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. The highest and lowest median tax bills in Fort Pierce are both $5042, found in the 34949 zip code. 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 Fort Pierce, Florida
Source: Ownwell
$37,370
$8,127,435
$16,217,500
Average Fort Pierce Assessed Value
$406,890
Average Martin County Assessed Value
$294,470
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Pierce, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | $406,890 | $406,890 | $406,890 | $406,890 | $406,890 |
Source: Ownwell
Property Tax Bills Across Fort Pierce, Florida
In Fort Pierce, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and condition, as well as any improvements or renovations, play a significant role in determining the assessed value. Homeowners in Fort Pierce, located in Martin County, can expect a median tax bill of $5,042. This is significantly higher than the national median property tax rate of 0.99%, reflecting the area's higher property values. For example, the median home price in Fort Pierce is $406,890. Higher property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and long-term financial planning. However, these taxes also contribute to local services and infrastructure, benefiting the community as a whole.
Average Fort Pierce Tax Bill
$5,042
Average Martin County Tax Bill
$3,260
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Pierce, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34949 | $5,042 | $5,042 | $5,042 | $5,042 | $5,042 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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