Yulee, Florida Property Taxes
The median property tax rate in Yulee, FL is 1.01%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $226,292 in Yulee, the typical annual property tax bill amounts to $2,269, falling below the national median of $2,690. Property taxes in Yulee are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Yulee'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 Yulee 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
Yulee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,286
$2,121
Ownwell’s Yulee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yulee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yulee 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 Yulee, Florida
Property taxes in Yulee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yulee is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Yulee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yulee 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 Yulee's effective property tax rate to other counties in Florida and the national median. For comparison, the 32097 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Yulee 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 Yulee Tax Rate
1.01%
Average Nassau County Tax Rate
1.05%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yulee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32097 | 0.44% | 0.69% | 1.01% | 1.40% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Yulee, Florida
In Yulee, 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 Yulee, 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 Yulee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32097 has the highest and lowest median tax bill, both at $2,269.
Average Yulee Assessed Value
$226,292
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 Yulee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32097 | $98,546 | $174,180 | $226,292 | $278,264 | $341,655 |
Source: Ownwell
Property Tax Bills Across Yulee, Florida
In Yulee, Nassau County, FL, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county's property appraiser and takes into account factors like the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $226,292, homeowners in Yulee face varying tax bills. The 25th percentile tax bill is around $1,289, while those in the 75th percentile pay about $3,328. At the 90th percentile, the tax bill can be as high as $4,402. These figures show that property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. In Yulee, the highest median tax bill recorded is $2,269 in the 32097 zip code, indicating a considerable range in tax obligations depending on the property's assessed value and location.
Average Yulee Tax Bill
$2,269
Average Nassau County Tax Bill
$2,832
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Yulee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32097 | $577 | $1,289 | $2,269 | $3,328 | $4,402 |
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 |