Jupiter, Florida Property Taxes
The median property tax rate in Jupiter, FL is 1.08%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Jupiter at $573,935, the typical annual property tax bill reaches $5,990, significantly exceeding the national median of $2,690. Property taxes in Jupiter 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 Jupiter'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 Jupiter 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
Jupiter, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$6,198
$5,752
Ownwell’s Jupiter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jupiter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jupiter 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 Jupiter, Florida
Property taxes in Jupiter, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jupiter is 1.08%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Jupiter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jupiter 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 Jupiter's effective property tax rate to other counties in Florida and the national median. For comparison, the 33478 zip code has the highest median property tax rate of 1.21%, while the 33469 zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Jupiter 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 Jupiter Tax Rate
1.08%
Average Martin County Tax Rate
1.13%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jupiter, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | 0.74% | 0.95% | 1.20% | 1.45% | 1.64% |
| 33469 | 0.47% | 0.75% | 1.04% | 1.45% | 1.63% |
| 33478 | 0.76% | 0.94% | 1.21% | 1.49% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Jupiter, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jupiter, 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 Jupiter, 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 Jupiter is $16,103 in the 33458 zip code, while the lowest is $4,412 in the 33469 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 Jupiter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jupiter Assessed Value
$573,935
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 Jupiter, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | $676,014 | $769,188 | $1,333,730 | $1,996,618 | $2,628,672 |
| 33469 | $119,670 | $223,300 | $386,480 | $783,660 | $1,417,472 |
| 33478 | $635,958 | $740,990 | $905,110 | $1,434,770 | $2,720,784 |
Source: Ownwell
Property Tax Bills Across Jupiter, Florida
In Jupiter, Martin County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county's property appraiser. This assessed value is then multiplied by the local millage rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any applicable exemptions. For homeowners in Jupiter, property tax bills can vary significantly. The median home price in the area is $573,935, leading to a wide range of tax bills. For instance, the 25th percentile tax bill is $2,340, while the 75th percentile tax bill reaches $11,539. At the higher end, the 90th percentile tax bill can be as much as $22,026. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparatively, the national median property tax rate is 0.99%, highlighting the variability in property tax burdens across different regions.
Average Jupiter Tax Bill
$5,990
Average Martin County Tax Bill
$3,260
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Jupiter, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | $6,490 | $8,607 | $16,103 | $23,187 | $30,477 |
| 33469 | $962 | $1,871 | $4,412 | $8,457 | $16,148 |
| 33478 | $5,662 | $8,145 | $11,186 | $16,819 | $30,804 |
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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