Crescent City, Florida Property Taxes
The median property tax rate in Crescent City, FL is 1.41%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Crescent City at $80,530, the typical annual property tax bill reaches $879, which is below the national median of $2,690. Property taxes in Crescent City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crescent City'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 Crescent City 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
Crescent City, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,135
$1,075
Ownwell’s Crescent City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crescent City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crescent City to estimate your 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Crescent City, Florida
Property taxes in Crescent City, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crescent City is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Crescent City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crescent City 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 Crescent City's effective property tax rate to other counties in Florida and the national median. For comparison, the 32112 zip code has both the highest and lowest median property tax rate of 1.41%. Understanding how these areas compare with Crescent City provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crescent City Tax Rate
1.41%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crescent City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32112 | 0.49% | 0.68% | 1.41% | 1.82% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Crescent City, Florida
In Crescent City, 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 Putnam County Property Appraiser 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 Crescent City, 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. Crescent City’s median home price is $80,530, and the median tax bill ranges from $539 at the 25th percentile to $3,229 at the 90th percentile. The zip code 32112 has both the highest and lowest median tax bill at $879. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Crescent City, Florida
Source: Ownwell
$17,300
$651,245
$1,285,190
Average Crescent City Assessed Value
$80,530
Average Putnam County Assessed Value
$96,560
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crescent City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32112 | $29,700 | $47,455 | $80,530 | $153,872 | $276,585 |
Source: Ownwell
Property Tax Bills Across Crescent City, Florida
In Crescent City, located in Putnam County, FL, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Several factors influence this value, including the property's size, location, and condition. For homeowners in Crescent City, the median home price is $80,530. Property tax bills can vary significantly, with the 25th percentile at $539 and the 75th percentile reaching $1,656. At the 90th percentile, tax bills can go up to $3,229. The highest median tax bill in the area is $879, which aligns with the lowest median tax bill in the same ZIP code, 32112. Compared to the national median property tax rate of 0.99%, Crescent City homeowners experience a range of tax bills that can impact their annual budget. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Crescent City Tax Bill
$879
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Crescent City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32112 | $259 | $539 | $879 | $1,656 | $3,229 |
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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