Baker, Okaloosa County, Florida Property Taxes
Median Baker, FL effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Baker, FL home value: $146,514
Median annual Baker, FL tax bill: $877, $1,523 lower than the national median property tax bill of $2,400.
How are property taxes in Okaloosa calculated?
Property taxes in Baker, FL 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 Baker’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baker, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baker, Okaloosa County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$879
$816
Property Tax Rates Across Baker, Okaloosa County, Florida
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Baker’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Baker, located in Okaloosa County, has a median property tax rate that aligns with the state’s average, standing at 0.60%. This is significantly lower than the national median property tax rate of 1.02%. Homeowners in Baker benefit from this lower rate, which means they pay less compared to the national average. For instance, if your home is assessed at $200,000, you would pay $1,200 in property taxes annually in Baker, compared to the national median bill of $2,400. This makes Baker an attractive location for property owners looking to minimize their tax burden while enjoying the benefits of living in Florida.
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 Baker Tax Rate
0.60%
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%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baker, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | 0.38% | 0.48% | 0.60% | 1.00% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Baker, Okaloosa County, Florida
When examining property taxes in Baker, Florida, 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.
In Okaloosa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Baker. For example, the median home price in Baker is $146,514, with tax bills ranging significantly across the county. Zip code 32531 has the highest median home price at $146,514.
Property Tax Assessment Values Across Baker, Okaloosa County, Florida
Source: Ownwell
$104,350
$252,953
$401,555
Median Baker Market Value
$146,514
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 Baker, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | $43,181 | $76,550 | $146,514 | $263,554 | $359,500 |
Source: Ownwell
Property Tax Bills Across Baker, Okaloosa County, Florida
In Baker, located in Okaloosa County, FL, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $146,514, the property tax rate in this area is significantly lower than the national median of 1.02%. Homeowners in Baker face tax bills ranging from $454 at the 25th percentile to $1,574 at the 75th percentile, with the 90th percentile reaching $2,495. This variability means that property tax bills can have a substantial impact on household budgets, especially when compared to the national median property tax bill of $2,400.
Ownwell offers valuable assistance to homeowners by identifying potential savings on their property tax bills. By analyzing property assessments and ensuring they are accurate, Ownwell can help homeowners in Baker potentially reduce their tax liabilities. This service is particularly beneficial in areas like Baker, where property tax bills can vary widely, providing an opportunity for significant savings.
Median Baker Tax Bill
$877
Median Okaloosa County Tax Bill
$2,112
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Baker, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | $238 | $454 | $877 | $1,574 | $2,495 |
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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