Shalimar, Okaloosa County, Florida Property Taxes

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

Median Shalimar, 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 Shalimar, FL home value: $284,824
Median annual Shalimar, FL tax bill: $2,137, $263 lower than the national median property tax bill of $2,400.

How are property taxes in Okaloosa County calculated?

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

Last Updated March 1, 2025

Shalimar, Okaloosa County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$2,222

$2,062

Ownwell’s Shalimar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shalimar with just two data points. By entering your property's estimated assessed value, our calculator applies Shalimar’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 Shalimar, Okaloosa County, Florida

Local government entities set tax rates, which can vary widely within a state. 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, in a nutshell, this is the annual process. Below, you can compare Shalimar’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. With a median property tax rate of 0.78%, Shalimar in Okaloosa County aligns closely with Florida's overall median. This rate is notably lower than the national median of 1.02%, offering property owners in Shalimar a relative advantage. Despite the uniformity within Shalimar, the effective tax rate remains consistent across the area, reflecting a stable local taxation environment. This consistency can be reassuring for property owners, as it indicates predictable tax liabilities. Overall, Shalimar's property tax rate presents a favorable scenario for residents when compared to broader state and national figures.

Property Tax Rates Across Shalimar, 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 Shalimar Tax Rate

0.78%

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 Shalimar, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32579	0.45%	0.59%	0.78%	1.16%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Shalimar, Okaloosa County, Florida

When examining property taxes in Shalimar, 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. In Okaloosa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Shalimar. For example, the median home price in Shalimar is $284,824, with tax bills ranging significantly across the county. Zip code 32579 has the highest median home price at $284,824.

Property Tax Assessment Values Across Shalimar, Okaloosa County, Florida

Source: Ownwell

$104,350

$252,953

$401,555

Median Shalimar Market Value

$284,824

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 Shalimar, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32579	$146,983	$182,738	$284,824	$392,772	$619,274

Source: Ownwell

Property Tax Bills Across Shalimar, Okaloosa County, Florida

In Shalimar, located in Okaloosa County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Shalimar experience a range of tax bills, with the 25th percentile at $1,494 and the 75th percentile at $3,392. The highest median tax bill within the area is $2,137, which is below the national median of $2,400, offering a relatively affordable tax environment for homeowners. However, these taxes can still be a significant expense. Factors like home improvements or changes in local tax rates can affect the assessed value and, consequently, the property tax bill. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell helps homeowners potentially save on their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Shalimar, Okaloosa County, Florida

Source: Ownwell

$624

$2,337

$4,050

Median Shalimar Tax Bill

$2,137

Median Okaloosa County Tax Bill

$2,112

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Shalimar, Okaloosa County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32579	$898	$1,494	$2,137	$3,392	$5,166

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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