Okaloosa County, Florida Property Taxes
- Median Okaloosa County effective property tax rate: 0.93%, significantly lower than the national median of 1.02%. Median Okaloosa County home value: $253,315 Median annual Okaloosa County tax bill: $2,112, $288 lower than the national median property tax bill of $2,400. How are property taxes in Okaloosa County calculated? Property taxes in Okaloosa County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Fort Walton Beach or another part of Okaloosa County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Okaloosa County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$2,356
$2,186
Property Tax Rates Across Okaloosa County, Florida
Local government entities in Florida set tax rates, which can vary significantly within the state. Each year, counties like Okaloosa estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Okaloosa County, the effective property tax rate is 0.93%, which is slightly below the national median property tax rate of 1.02%. Compared to other counties in Florida, Okaloosa County's rate is moderate. For instance, Destin, within the same state, has a higher median tax rate of 1.08%, while Holt has a lower rate of 0.58%. This variation highlights the importance of understanding local tax rates, as they can significantly impact property owners' tax bills. Property owners in Okaloosa County can benefit from knowing their tax rate is competitive compared to the national average, potentially leading to lower property tax bills than in other regions across the U.S.
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 Okaloosa County Tax Rate
0.93%
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 Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Okaloosa County, Florida
City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Baker | 0.38% | 0.48% | 0.60% | 1.00% | 1.16% |
Crestview | 0.41% | 0.52% | 0.80% | 1.15% | 1.46% |
Destin | 0.54% | 0.83% | 1.08% | 1.17% | 1.21% |
Fort Walton Beach | 0.41% | 0.57% | 1.08% | 1.25% | 1.35% |
Ft Walton Bch | N/A | N/A | N/A | N/A | N/A |
Ft Walton Beach | 0.49% | 0.77% | 0.78% | 1.16% | 1.38% |
Holt | 0.32% | 0.44% | 0.58% | 1.02% | 1.13% |
Laurel Hill | 0.33% | 0.48% | 0.64% | 1.06% | 1.29% |
Mary Esther | 0.42% | 0.53% | 0.87% | 1.13% | 1.32% |
Niceville | 0.43% | 0.58% | 0.78% | 1.15% | 1.22% |
Shalimar | 0.45% | 0.59% | 0.78% | 1.16% | 1.19% |
Valparaiso | 0.41% | 0.58% | 0.87% | 1.32% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Okaloosa County, Florida
When examining property taxes in Okaloosa County, 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 Okaloosa 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 Okaloosa 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 Okaloosa County. For example, the median tax bill in Okaloosa County is $2,400, with tax bills ranging significantly across the county. Destin has the highest median home price at $401,555.
Property Tax Assessment Values Across Okaloosa County, Florida
Source: Ownwell

$104,350
$252,953
$401,555
Median Okaloosa County Market Value
$253,315
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Okaloosa County, Florida
City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Baker | $43,181 | $76,550 | $146,514 | $263,554 | $359,500 |
Crestview | $76,598 | $136,502 | $200,528 | $269,972 | $340,541 |
Destin | $202,801 | $286,750 | $401,555 | $665,000 | $1,044,436 |
Fort Walton Beach | $125,366 | $163,389 | $229,818 | $332,008 | $464,078 |
Ft Walton Bch | N/A | N/A | N/A | N/A | N/A |
Ft Walton Beach | $70,000 | $115,837 | $136,222 | $211,334 | $423,798 |
Holt | $31,364 | $57,934 | $104,350 | $174,257 | $265,929 |
Laurel Hill | $28,057 | $61,835 | $134,113 | $264,111 | $351,065 |
Mary Esther | $129,825 | $172,318 | $220,163 | $292,303 | $390,634 |
Niceville | $154,759 | $230,120 | $318,366 | $455,886 | $619,518 |
Shalimar | $146,983 | $182,738 | $284,824 | $392,772 | $619,274 |
Valparaiso | $137,896 | $170,457 | $215,048 | $337,525 | $485,135 |
Source: Ownwell
Property Tax Bills Across Okaloosa County, Florida
Median Okaloosa County Tax Bill
$2,112
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Okaloosa County, Florida
City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Baker | $238 | $454 | $877 | $1,574 | $2,495 |
Crestview | $439 | $832 | $1,533 | $2,367 | $3,267 |
Destin | $1,623 | $2,551 | $4,050 | $6,686 | $10,447 |
Fort Walton Beach | $708 | $1,223 | $1,997 | $3,262 | $5,096 |
Ft Walton Bch | N/A | N/A | N/A | N/A | N/A |
Ft Walton Beach | $541 | $697 | $895 | $2,216 | $4,111 |
Holt | $173 | $351 | $624 | $1,118 | $1,686 |
Laurel Hill | $177 | $370 | $807 | $1,748 | $2,546 |
Mary Esther | $704 | $1,112 | $1,876 | $2,637 | $3,826 |
Niceville | $941 | $1,536 | $2,550 | $3,820 | $5,471 |
Shalimar | $898 | $1,494 | $2,137 | $3,392 | $5,166 |
Valparaiso | $737 | $1,278 | $2,163 | $3,106 | $4,810 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
---|---|
Property Valuation Date | January 1 |
Appeal Deadline | September 13 |
Tax Bill | |
Issued | November 1 |