Hutchinson Island, Martin County, Florida Property Taxes

Name: Property Tax Bills Across Hutchinson Island, Martin County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hutchinson Island, FL effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Hutchinson Island, FL home value: $1,118,670
Median annual Hutchinson Island, FL tax bill: $17,295, $14,895 higher than the national median property tax bill of $2,400.

How are property taxes in Martin County calculated?

Property taxes in Hutchinson Island, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hutchinson Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hutchinson Island, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hutchinson Island, Martin County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$17,339

$16,090

Ownwell’s Hutchinson Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hutchinson Island with just two data points.

By entering your property's estimated assessed value, our calculator applies Hutchinson Island’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Martin County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hutchinson Island, Martin County, Florida

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county, including Martin County, estimates its required budget annually to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the process followed each year.

When comparing Hutchinson Island’s effective property tax rate to other cities in Florida, it is important to note that the median property tax rate in Florida is 1.55%, which is higher than the national median of 1.02%. This indicates that property owners in Hutchinson Island may face higher tax bills compared to the national average. However, this rate is consistent with the highest and lowest median tax rates in the area, both recorded at 1.60% in the zip code 34996. Such comparisons can help property owners understand their tax obligations and explore potential savings through property tax appeals and exemptions.

Property Tax Rates Across Hutchinson Island, Martin County, Florida

Source: Ownwell

1.02%

1.31%

1.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hutchinson Island Tax Rate

1.55%

Median Effective Martin County Tax Rate

1.13%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hutchinson Island, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34996	1.52%	1.55%	1.60%	1.64%	1.67%
34949	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hutchinson Island, Martin County, Florida

When examining property taxes in Hutchinson Island, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Martin County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Martin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hutchinson Island. For example, the median home price in Hutchinson Island is $1,118,670, with tax bills ranging significantly across the county. Zip code 34996 has the highest median home price at $1,172,870.

Property Tax Assessment Values Across Hutchinson Island, Martin County, Florida

Source: Ownwell

$134,070

$733,900

$1,333,730

Median Hutchinson Island Market Value

$1,118,670

Median Martin County Market Value

$294,470

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hutchinson Island, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34996	$539,318	$776,900	$1,172,870	$1,568,840	$1,806,422
34949	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hutchinson Island, Martin County, Florida

In Hutchinson Island, Martin County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as the home's market value, any applicable exemptions, and local tax rates influence the final tax bill. With a median home price of $1,118,670, homeowners in Hutchinson Island face significant property tax bills, with the 25th percentile at $11,515 and the 90th percentile reaching $29,984. These figures are considerably higher than the national median property tax bill of $2,400. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially lowering their tax obligations. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners challenge overvaluations, ensuring they pay only their fair share. This service can provide substantial savings, especially in areas with high property tax rates and values.

Property Tax Bills Across Hutchinson Island, Martin County, Florida

Source: Ownwell

$1,161

$10,303

$19,445

Median Hutchinson Island Tax Bill

$17,295

Median Martin County Tax Bill

$3,260

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Hutchinson Island, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34996	$8,476	$12,590	$19,445	$26,301	$30,414
34949	N/A	N/A	N/A	N/A	N/A

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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