Mary Esther, Okaloosa County, Florida Property Taxes
Median Mary Esther, FL effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Mary Esther, FL home value: $220,163
Median annual Mary Esther, FL tax bill: $1,876, $524 lower than the national median property tax bill of $2,400.
How are property taxes in Okaloosa calculated?
Property taxes in Mary Esther, 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 Mary Esther’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mary Esther, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mary Esther, Okaloosa County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,915
$1,777
Property Tax Rates Across Mary Esther, Okaloosa County, Florida
Local government entities set tax rates, which can vary widely within a state. Annually, each county calculates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Mary Esther, located in Okaloosa County, FL, presents an interesting case. The effective property tax rate here is notably below the national median of 1.02%. This lower rate reflects the county's budgeting needs and the total assessed property value. Comparatively, Mary Esther's rate is aligned with Florida's overall property tax landscape, which tends to be lower than many other states.
For property owners, understanding how these rates are determined and how they compare to state and national medians can offer valuable insights. Whether you're considering an appeal or seeking exemptions, being informed about your local tax landscape is crucial. With the right guidance, you can navigate these complexities and potentially reduce your property tax burden.
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 Mary Esther Tax Rate
0.87%
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 Mary Esther, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32569 | 0.42% | 0.53% | 0.87% | 1.13% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Mary Esther, Okaloosa County, Florida
When examining property taxes in Mary Esther, 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.
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 Mary Esther.
For example, the median home price in Mary Esther is $220,163, with tax bills ranging significantly across the county. Zip code 32569 has the highest median home price at $220,163.
Property Tax Assessment Values Across Mary Esther, Okaloosa County, Florida
Source: Ownwell
$104,350
$252,953
$401,555
Median Mary Esther Market Value
$220,163
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 Mary Esther, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32569 | $129,825 | $172,318 | $220,163 | $292,303 | $390,634 |
Source: Ownwell
Property Tax Bills Across Mary Esther, Okaloosa County, Florida
Median Mary Esther Tax Bill
$1,876
Median Okaloosa County Tax Bill
$2,112
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Mary Esther, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32569 | $704 | $1,112 | $1,876 | $2,637 | $3,826 |
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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