Jensen Beach, Florida Property Taxes
The median property tax rate in Jensen Beach, FL is 1.20%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Jensen Beach, the typical annual property tax bill reaches $3,210, exceeding the national median of $2,690. Property taxes in Jensen Beach 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 Jensen Beach'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 Jensen Beach 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
Jensen Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$3,285
$3,109
Ownwell’s Jensen Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jensen Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jensen Beach 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 Jensen Beach, Florida
Property taxes in Jensen Beach, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jensen Beach is 1.20%, which is higher than the U.S. national median of 0.99%. Local government entities within Jensen Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jensen Beach 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 Jensen Beach's effective property tax rate to other areas in Martin County and the national median. For comparison, the 34994 zip code has the highest median property tax rate of 1.66%, while the 34957 zip code has the lowest median tax rate of 1.20%. Understanding how these areas compare with Jensen Beach 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 Jensen Beach Tax Rate
1.20%
Average Martin County Tax Rate
1.13%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jensen Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | 0.57% | 0.83% | 1.20% | 1.58% | 1.69% |
| 34994 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Jensen Beach, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jensen Beach, Florida. 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 Martin 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 Jensen Beach, 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 Jensen Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jensen Beach is $273,730, with tax bills ranging from $1,839 at the 25th percentile to $6,670 at the 90th percentile.
Property Tax Assessment Values Across Jensen Beach, Florida
Source: Ownwell
$37,370
$8,127,435
$16,217,500
Average Jensen Beach Assessed Value
$273,730
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 Jensen Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | $123,470 | $197,840 | $273,770 | $403,180 | $510,739 |
| 34994 | $7,554 | $18,735 | $37,370 | $56,005 | $67,186 |
Source: Ownwell
Property Tax Bills Across Jensen Beach, Florida
In Jensen Beach, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners in Jensen Beach, located in Martin County, the tax burden can vary significantly. The 25th percentile of tax bills is around $1,839, while the 75th percentile reaches $4,781. At the higher end, the 90th percentile tax bill can be as much as $6,670. This wide range shows how property taxes can impact homeowners differently based on their property’s assessed value. The median home price in Jensen Beach is $273,730, which helps explain the variation in tax bills. Compared to the national median property tax rate of 0.99%, the property tax rates in Jensen Beach can be a crucial factor for homeowners to consider when budgeting for annual expenses.
Average Jensen Beach Tax Bill
$3,210
Average Martin County Tax Bill
$3,260
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Jensen Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34957 | $1,016 | $1,839 | $3,210 | $4,781 | $6,670 |
| 34994 | $2 | $2 | $2 | $2 | $2 |
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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