Stuart, Florida Property Taxes
The median property tax rate in Stuart, FL is 1.18%, slightly higher than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Stuart, the typical annual property tax bill reaches $2,881, surpassing the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart 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
Stuart, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$3,057
$2,837
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, Florida
Property taxes in Stuart, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 1.18%, higher than the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other areas in Martin County and the national median. For comparison, the 34956 zip code has the highest median property tax rate of 1.44%, while the 34997 zip code has the lowest median tax rate of 1.10%. Understanding how these areas compare with Stuart 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 Stuart Tax Rate
1.18%
Average Martin County Tax Rate
1.13%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
| 34994 | 0.40% | 0.73% | 1.37% | 1.67% | 1.90% |
| 34996 | 0.48% | 0.82% | 1.32% | 1.60% | 1.69% |
| 34997 | 0.52% | 0.79% | 1.10% | 1.54% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Florida
In Stuart, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Stuart, 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. The median home price in Stuart is $259,090, with tax bills ranging from $1,534 at the 25th percentile to $7,933 at the 90th percentile. The highest median tax bill is $15,115 in the 34956 zip code, while the lowest is $2,096 in the 34994 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stuart Assessed Value
$259,090
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 Stuart, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | $1,047,710 | $1,047,710 | $1,047,710 | $1,047,710 | $1,047,710 |
| 34994 | $66,690 | $100,130 | $168,430 | $289,650 | $480,880 |
| 34996 | $102,420 | $155,885 | $309,010 | $568,345 | $1,473,170 |
| 34997 | $124,440 | $179,200 | $281,000 | $406,760 | $557,232 |
Source: Ownwell
Property Tax Bills Across Stuart, Florida
In Stuart, located in Martin County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. This assessed value is then multiplied by the local millage rate to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, any exemptions for which the homeowner qualifies, and local assessment practices. For example, with a median home price of $259,090, homeowners can expect varying tax bills. The tax bill for the 25th percentile stands at $1,534, while the 75th percentile sees a significantly higher bill of $4,877. The 90th percentile reaches up to $7,933. In comparison, the highest median tax bill in the area is $15,115 in zip code 34956, while the lowest is $2,096 in zip code 34994. These variations affect homeowners differently, with some paying more than the national median property tax rate of 0.99%, impacting their financial planning and homeownership costs.
Average Stuart Tax Bill
$2,881
Average Martin County Tax Bill
$3,260
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | $15,115 | $15,115 | $15,115 | $15,115 | $15,115 |
| 34994 | $484 | $989 | $2,096 | $3,637 | $6,118 |
| 34996 | $714 | $1,705 | $3,836 | $7,147 | $17,430 |
| 34997 | $871 | $1,781 | $3,030 | $4,722 | $6,831 |
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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