Fort Mc Coy, Putnam County, Florida Property Taxes
Median Fort Mc Coy, FL effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%. Median Fort Mc Coy, FL home value: $45,600. Median annual Fort Mc Coy, FL tax bill: $794, $1,606 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Fort Mc Coy, 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 Fort Mc Coy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fort Mc Coy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Mc Coy, Putnam County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.61%
Estimate Property Tax Bill
$734
$681
Property Tax Rates Across Fort Mc Coy, Putnam County, Florida
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets.
In Fort Mc Coy, located in Putnam County, FL, the effective property tax rate stands at 1.61%. Compared to the national median property tax rate of 1.02%, Fort Mc Coy's rate is notably higher. This reflects the local budgetary needs and property values unique to the area. Within Florida, Fort Mc Coy maintains a consistent property tax rate, as both the highest and lowest median tax rates in the region are identical at 1.61%. This suggests a uniform approach to property taxation in the area, which may provide predictability for property owners.
Understanding these rates is crucial for property owners in Fort Mc Coy, as it affects their annual property tax bills and overall financial planning. With the national median property tax bill at $2,400, property owners can assess how their local taxes compare and plan accordingly.
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 Fort Mc Coy Tax Rate
1.61%
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 Putnam County Tax Rate
1.17%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fort Mc Coy, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32134 | 0.78% | 1.26% | 1.61% | 1.96% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Fort Mc Coy, Putnam County, Florida
When examining property taxes in Fort Mc Coy, 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 Putnam 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 Putnam 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 Fort Mc Coy. For example, the median home price in Fort Mc Coy is $45,600, with tax bills ranging significantly across the county. Zip code 32134 has the highest median home price at $45,600.
Property Tax Assessment Values Across Fort Mc Coy, Putnam County, Florida
Source: Ownwell
$45,600
$139,250
$232,900
Median Fort Mc Coy Market Value
$45,600
Median Putnam County Market Value
$96,560
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fort Mc Coy, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32134 | $6,318 | $9,960 | $45,600 | $89,566 | $127,540 |
Source: Ownwell
Property Tax Bills Across Fort Mc Coy, Putnam County, Florida
Median Fort Mc Coy Tax Bill
$794
Median Putnam County Tax Bill
$977
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Fort Mc Coy, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32134 | $102 | $259 | $794 | $1,128 | $1,571 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Putnam Property Appraiser | |
| Website | apps.putnam-fl.com |