Mary Esther, Florida Property Taxes
The median property tax rate in Mary Esther, FL is 0.87%, notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Mary Esther at $220,163, the typical annual property tax bill is $1,876, which is below the national median of $2,690. Property taxes in Mary Esther are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mary Esther's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mary Esther or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mary Esther, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,915
$1,777
Ownwell’s Mary Esther Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mary Esther with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mary Esther to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Okaloosa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mary Esther, Florida
Property taxes in Mary Esther, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mary Esther is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Mary Esther set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mary Esther estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mary Esther's effective property tax rate to other counties in Florida and the national median. For comparison, the 32569 zip code has the highest median property tax rate of 0.87%, while the 32569 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Mary Esther provides valuable insights into the varying tax landscape across Okaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mary Esther Tax Rate
0.87%
Average Okaloosa County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mary Esther, 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, Florida
In Mary Esther, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Okaloosa County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mary Esther, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Mary Esther's median home price is $220,163, with tax bills ranging from $1,112 at the 25th percentile to $3,826 at the 90th percentile. The highest and lowest median tax bills, both $1,876, are found in the 32569 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mary Esther Assessed Value
$220,163
Average Okaloosa County Assessed Value
$253,315
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mary Esther, 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, Florida
In Mary Esther, property tax bills are calculated based on the assessed value of a home, which is determined by the Okaloosa County Property Appraiser. The assessed value is then multiplied by the local millage rate to arrive at the annual tax bill. Key factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Mary Esther, the median home price is $220,163. Property tax bills can vary significantly, with the 25th percentile bill at $1,112 and the 75th percentile reaching $2,637. At the higher end, the 90th percentile tax bill is $3,826. The highest and lowest median tax bills in the area are both $1,876, specifically in the 32569 zip code. Comparatively, the national median property tax rate is 0.99%. Understanding these factors can help homeowners in Mary Esther anticipate their annual property tax obligations and budget accordingly.
Average Mary Esther Tax Bill
$1,876
Average Okaloosa County Tax Bill
$2,112
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mary Esther, 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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