Callahan, Florida Property Taxes
The median property tax rate in Callahan, FL is 0.79%, considerably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Callahan, the typical annual property tax bill reaches $1,446, falling below the national median of $2,690. Property taxes in Callahan 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 Callahan'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 Callahan 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
Callahan, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,403
$1,302
Ownwell’s Callahan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Callahan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Callahan 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 Callahan, Florida
Property taxes in Callahan, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Callahan is 0.79%, which is below the U.S. national median of 0.99%. Local government entities within Callahan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Callahan 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 Callahan's effective property tax rate to other counties in Florida and the national median. For comparison, the 32011 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Callahan 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 Callahan Tax Rate
0.79%
Average Nassau County Tax Rate
1.05%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Callahan, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32011 | 0.41% | 0.57% | 0.79% | 1.22% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Callahan, Florida
In Callahan, 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 Callahan, 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 Callahan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32011 has both the highest and lowest median tax bills at $1,446, which is significantly lower than the national median property tax rate of 0.99%.
Average Callahan Assessed Value
$177,542
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 Callahan, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32011 | $69,322 | $104,063 | $177,542 | $262,055 | $329,310 |
Source: Ownwell
Property Tax Bills Across Callahan, Florida
In Callahan, property tax bills are determined based on the assessed value of a home, which is often a percentage of the market value. For homeowners in Callahan, located in Nassau County, the median home price is $177,542. The tax bill can vary significantly, with the 25th percentile paying around $747, while the 75th percentile sees bills of approximately $2,344. At the higher end, the 90th percentile can face tax bills up to $3,390. The property tax rate in Callahan is influenced by the county's needs for funding public services such as schools, infrastructure, and emergency services. This local rate is then applied to the assessed value to determine the final tax bill. Homeowners in Callahan should be aware that their tax bills can fluctuate based on changes in property values and adjustments in local tax rates. Comparing this to the national median property tax rate of 0.99%, Callahan's tax bills reflect the unique economic and administrative requirements of the area.
Average Callahan Tax Bill
$1,446
Average Nassau County Tax Bill
$2,832
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Callahan, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32011 | $412 | $747 | $1,446 | $2,344 | $3,390 |
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 |