Fort Walton Beach, Okaloosa County, Florida Property Taxes
Median Fort Walton Beach, FL effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Fort Walton Beach, FL home value: $229,818
Median annual Fort Walton Beach, FL tax bill: $1,997, $403 lower than the national median property tax bill of $2,400.
How are property taxes in Okaloosa calculated?
Property taxes in Fort Walton Beach, 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 Fort Walton Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fort Walton Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Walton Beach, Okaloosa County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$2,482
$2,303
Property Tax Rates Across Fort Walton Beach, Okaloosa County, Florida
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Fort Walton Beach, located in Okaloosa County, the effective property tax rate is an important factor for homeowners and potential buyers. Compared to other cities in Florida, Fort Walton Beach's tax rate can provide a clearer picture of the local tax landscape. The median property tax rate in Florida is slightly above the national median, offering a comparative view for residents. Understanding how Fort Walton Beach's tax rate compares to both state and national medians can help residents make more informed financial decisions.
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 Fort Walton Beach Tax Rate
1.08%
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 Fort Walton Beach, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32547 | 0.40% | 0.53% | 0.85% | 1.15% | 1.25% |
| 32548 | 0.44% | 0.66% | 1.20% | 1.34% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Fort Walton Beach, Okaloosa County, Florida
When examining property taxes in Fort Walton Beach, FL, 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 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 Fort Walton Beach. For example, the median home price in Fort Walton Beach is $229,818, with tax bills ranging significantly across the county. Zip code 32548 has the highest median home price at $236,386.
Property Tax Assessment Values Across Fort Walton Beach, Okaloosa County, Florida
Source: Ownwell
$104,350
$252,953
$401,555
Median Fort Walton Beach Market Value
$229,818
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 Fort Walton Beach, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32547 | $122,382 | $164,940 | $225,009 | $313,357 | $404,434 |
| 32548 | $127,791 | $162,073 | $236,386 | $356,000 | $500,000 |
Source: Ownwell
Property Tax Bills Across Fort Walton Beach, Okaloosa County, Florida
In Fort Walton Beach, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on neighborhood trends and market conditions. Homeowners in Fort Walton Beach face property tax bills that vary widely, with the 25th percentile at $1,223 and the 75th percentile reaching $3,262. In some areas, like ZIP code 32548, the median tax bill can go up to $2,294, which is close to the national median property tax bill of $2,400. These taxes can significantly impact homeowners, affecting their monthly expenses and overall financial planning.
Ownwell offers a solution by providing professional property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with market trends, Ownwell can identify potential savings opportunities. Their expertise in navigating the appeal process can help homeowners reduce their tax burden, ensuring they pay only their fair share and potentially saving hundreds or even thousands of dollars annually.
Property Tax Bills Across Fort Walton Beach, Okaloosa County, Florida
Source: Ownwell
$624
$2,337
$4,050
Median Fort Walton Beach Tax Bill
$1,997
Median Okaloosa County Tax Bill
$2,112
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Fort Walton Beach, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32547 | $679 | $1,137 | $1,815 | $2,639 | $3,793 |
| 32548 | $737 | $1,324 | $2,294 | $4,134 | $6,022 |
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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