Niceville, Okaloosa County, Florida Property Taxes
Median Niceville, FL effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Niceville, FL home value: $318,366
Median annual Niceville, FL tax bill: $2,550, $150 higher than the national median property tax bill of $2,400.
How are property taxes in Okaloosa County calculated?
Property taxes in Niceville, 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 Niceville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Niceville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Niceville, Okaloosa County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$2,483
$2,304
Ownwell’s Niceville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Niceville with just two data points. By entering your property's estimated assessed value, our calculator applies Niceville’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. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Niceville, Okaloosa County, Florida
Local government entities are responsible for setting property tax rates, which can vary significantly even within the same state. This variation is due to each county's annual process of estimating the budget necessary to provide services and dividing it by the total value of all taxable property in their area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
In Niceville, located in Okaloosa County, Florida, the effective property tax rate aligns with the county's median rate of 0.78%. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, property owners in Niceville benefit from a more favorable tax environment compared to the national average. This can be an attractive factor for potential homebuyers or investors considering properties in this area. By understanding these rates, property owners can make informed decisions about their investments and potential savings on property taxes.
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 Niceville Taxx Rate
0.78%
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 Taxx Rate
0.93%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Niceville, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | 0.43% | 0.58% | 0.78% | 1.15% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Niceville, Okaloosa County, Florida
When examining property taxes in Niceville, 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.
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 Niceville.
For example, the median home price in Niceville is $318,366, with tax bills ranging significantly across the county. Zip code 32578 has the highest median home price at $318,366.
Property Tax Assessment Values Across Niceville, Okaloosa County, Florida
Source: Ownwell
$104,350
$252,953
$401,555
Median Niceville Market Value
$318,366
Median Okaloosa County Market Value
$253,315
Median Florida Market Value
$276,648
Median United States Market Value
$244,900
Property Tax Assessment Values Across Niceville, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | $154,759 | $230,120 | $318,366 | $455,886 | $619,518 |
Source: Ownwell
Property Tax Bills Across Niceville, Okaloosa County, Florida
Median Niceville Tax Bill
$2,550
Median Okaloosa County Tax Bill
$2,112
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,690
Property Tax Bills Across Niceville, Okaloosa County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | $941 | $1,536 | $2,550 | $3,820 | $5,471 |
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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