Melrose, Putnam County, Florida Property Taxes
Median Melrose, FL effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Melrose, FL home value: $121,470
Median annual Melrose, FL tax bill: $1,154, $1,246 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Melrose, 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 Melrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Melrose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Melrose, Putnam County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$1,263
$1,172
Property Tax Rates Across Melrose, Putnam County, Florida
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget needed to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Though the process involves votes and regulations, this is the fundamental approach used each year.
In Melrose, located in Putnam County, Florida, the effective property tax rate reflects these local calculations. When comparing Melrose to other cities in Florida, it's important to note that the state's median property tax rate stands at 1.04%, which is slightly above the national median of 1.02%. This means that Melrose's property tax rate aligns closely with the state median, providing a benchmark for property owners in the area. Understanding these rates helps property owners in Melrose make informed decisions about their investments and financial planning.
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 Melrose Tax Rate
1.04%
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 Melrose, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | 0.53% | 0.71% | 1.04% | 1.64% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Melrose, Putnam County, Florida
When examining property taxes in Melrose, 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 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 Melrose.
For example, the median home price in Melrose is $121,470, with tax bills ranging significantly across the county. Zip code 32666 has the highest median home price at $121,470.
Property Tax Assessment Values Across Melrose, Putnam County, Florida
Source: Ownwell
$45,600
$139,250
$232,900
Median Melrose Market Value
$121,470
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 Melrose, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | $31,220 | $64,945 | $121,470 | $211,728 | $317,400 |
Source: Ownwell
Property Tax Bills Across Melrose, Putnam County, Florida
Median Melrose Tax Bill
$1,154
Median Putnam County Tax Bill
$977
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Melrose, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32666 | $296 | $674 | $1,154 | $2,108 | $3,362 |
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 |