Bryceville, Florida Property Taxes
The median property tax rate in Bryceville, FL is 0.72%, notably lower than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Bryceville, the typical annual property tax bill amounts to $1,499, which is below the national median of $2,690. Property taxes in Bryceville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bryceville'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 Bryceville or another part of Nassau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bryceville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,416
$1,314
Ownwell’s Bryceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryceville 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 Bryceville, Florida
Property taxes in Bryceville, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryceville is 0.72%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Bryceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryceville 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 Bryceville's effective property tax rate to other counties in Florida and the national median. For comparison, the 32009 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Bryceville provides valuable insights into the varying tax landscape across Nassau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryceville Tax Rate
0.72%
Average Nassau County Tax Rate
1.05%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryceville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32009 | 0.41% | 0.55% | 0.72% | 1.11% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Bryceville, Florida
In Bryceville, 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 Nassau 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 Bryceville, 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 Bryceville is $196,715, with tax bills ranging from $834 at the 25th percentile to $3,164 at the 90th percentile. Both the highest and lowest median tax bills in Bryceville are $1,499, found in the 32009 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Bryceville Assessed Value
$196,715
Average Nassau County Assessed Value
$279,164
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryceville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32009 | $79,114 | $117,876 | $196,715 | $264,100 | $329,234 |
Source: Ownwell
Property Tax Bills Across Bryceville, Florida
In Bryceville, located in Nassau 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 determine the annual tax bill. Several factors influence this calculation, including the home's market value, any applicable exemptions, and the local tax rate. For instance, the median home price in Bryceville is $196,715. Homeowners in the 25th percentile can expect a tax bill around $834, while those in the 75th percentile might see bills as high as $2,243. At the 90th percentile, tax bills can reach $3,164. The highest and lowest median tax bills in the area are both $1,499, indicating a consistent tax rate across different zip codes. Compared to the national median property tax rate of 0.99%, Bryceville's rates can have a significant impact on homeowners, influencing their overall financial planning and homeownership costs.
Average Bryceville Tax Bill
$1,499
Average Nassau County Tax Bill
$2,832
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryceville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32009 | $443 | $834 | $1,499 | $2,243 | $3,164 |
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 | |
|---|---|
| Nassau Property Appraiser | |
| Website | maps.nassauflpa.com |