Sewalls Point, Martin County, Florida Property Taxes

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

Median Sewalls Point, FL effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Sewalls Point, FL home value: $531,365
Median annual Sewalls Point, FL tax bill: $4,604, $2,204 higher than the national median property tax bill of $2,400.

How are property taxes in Martin County calculated?

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

Last Updated March 1, 2025

Sewalls Point, Martin County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$5,845

$5,424

Ownwell’s Sewalls Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sewalls Point with just two data points. By entering your property's estimated assessed value, our calculator applies Sewalls Point’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 Sewalls Point, Martin County, Florida

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Sewalls Point in Martin County has an effective property tax rate that stands out when compared to other cities in Florida. With a median property tax rate of 1.10%, Florida's rate is slightly above the national median of 1.02%. This means that property owners in Sewalls Point may find their tax rates to be higher than in other parts of the state, yet still relatively close to the national median. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Sewalls Point, 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 Sewalls Point Tax Rate

1.10%

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 Sewalls Point, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34996	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sewalls Point, Martin County, Florida

When examining property taxes in Sewalls Point, Florida, 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. Assessment notices: 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 Sewalls Point. For example, the median home price in Sewalls Point is $531,365, with tax bills ranging significantly across the county. 34996 has the highest median home price at $555,400.

Property Tax Assessment Values Across Sewalls Point, Martin County, Florida

Source: Ownwell

$134,070

$733,900

$1,333,730

Median Sewalls Point Market Value

$531,365

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 Sewalls Point, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34996	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sewalls Point, Martin County, Florida

In Sewalls Point, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as property size, location, and condition. Martin County, where Sewalls Point is located, has a median property tax bill significantly higher than the national median of $2,400. Homeowners in this area face tax bills ranging from $4,010 at the 25th percentile to $5,554 at the 90th percentile. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell assists homeowners in Sewalls Point by providing expert property tax appeal and exemption services. By analyzing property data and market trends, Ownwell identifies opportunities for reducing assessed values, potentially lowering tax bills. This service can result in substantial savings, alleviating the financial pressure on homeowners and ensuring they pay only their fair share of property taxes.

Property Tax Bills Across Sewalls Point, Martin County, Florida

Source: Ownwell

$1,161

$10,303

$19,445

Median Sewalls Point Tax Bill

$4,604

Median Martin County Tax Bill

$3,260

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Sewalls Point, Martin County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34996	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

Links