Laurel Hill, Okaloosa County, Florida Property Taxes

Name: Property Tax Bills Across Laurel Hill, Okaloosa County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Laurel Hill, FL effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, and also lower than the Florida state median of 1.14%.
Median Laurel Hill, FL home value: $134,113
Median annual Laurel Hill, FL tax bill: $807, $1,593 lower than the national median property tax bill of $2,400.

How are property taxes in Okaloosa calculated?

Property taxes in Laurel Hill, 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 Laurel Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel Hill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Laurel Hill, Okaloosa County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$858

$797

Ownwell’s Laurel Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurel Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Laurel Hill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Okaloosa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laurel Hill, Okaloosa County, Florida

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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, this is the annual process in a nutshell.

In Laurel Hill, located in Okaloosa County, Florida, the effective property tax rate is a reflection of this process. Compared to other cities in Florida, Laurel Hill's rate aligns with the state's median, which is lower than the national median property tax rate of 1.02%. This can result in a more affordable property tax bill for homeowners, especially when contrasted with the national median property tax bill of $2,400. Understanding these differences can be crucial for homeowners and potential buyers when considering the financial implications of property ownership in different regions.

Property Tax Rates Across Laurel Hill, Okaloosa County, Florida

Source: Ownwell

0.58%

0.89%

1.20%

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 Laurel Hill Tax Rate

0.64%

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 Laurel Hill, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32567	0.33%	0.48%	0.64%	1.06%	1.29%

Source: Ownwell

Property Tax Assessment Values Across Laurel Hill, Okaloosa County, Florida

When examining property taxes in Laurel Hill, 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 Appraisal District 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 Laurel Hill. For example, the median home price in Laurel Hill is $134,113, with tax bills ranging significantly across the county. Zip code 32567 has the highest median home price at $134,113.

Property Tax Assessment Values Across Laurel Hill, Okaloosa County, Florida

Source: Ownwell

$104,350

$252,953

$401,555

Median Laurel Hill Market Value

$134,113

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 Laurel Hill, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32567	$28,057	$61,835	$134,113	$264,111	$351,065

Source: Ownwell

Property Tax Bills Across Laurel Hill, Okaloosa County, Florida

In Laurel Hill, located in Okaloosa County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in this area is $134,113, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $370, while the 75th percentile reaches $1,748, and the 90th percentile can be as high as $2,546. Compared to the national median property tax bill of $2,400, homeowners in Laurel Hill may find their tax obligations vary widely. For homeowners looking to reduce their property tax bills, Ownwell offers expert services to identify potential savings through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell helps ensure homeowners are not overpaying, potentially leading to significant savings and financial relief.

Property Tax Bills Across Laurel Hill, Okaloosa County, Florida

Source: Ownwell

$624

$2,337

$4,050

Median Laurel Hill Tax Bill

$807

Median Okaloosa County Tax Bill

$2,112

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Laurel Hill, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32567	$177	$370	$807	$1,748	$2,546

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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