Satsuma, Florida Property Taxes
The median property tax rate in Satsuma, FL is 1.30%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Satsuma at $84,780, the typical annual property tax bill reaches $870, exceeding the national median of $2,690. Property taxes in Satsuma 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 Satsuma'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 Satsuma 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
Satsuma, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,102
$1,043
Ownwell’s Satsuma Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes using just two simple data points. By inputting your property's estimated assessed value, the calculator quickly applies the median tax rate in Satsuma to give you an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities, making financial planning more straightforward. For those curious about neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Satsuma, Florida
Property taxes in Satsuma, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Satsuma is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Satsuma set these rates annually, and they can vary considerably across different neighborhoods. Each year, Satsuma 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 Satsuma's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 32189 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Satsuma 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 Satsuma Tax Rate
1.30%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Satsuma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32189 | 0.53% | 0.71% | 1.30% | 1.76% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Satsuma, Florida
In Satsuma, 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 Satsuma, 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. The median home price in Satsuma is $84,780, with tax bills ranging from $547 at the 25th percentile to $2,380 at the 90th percentile. The highest and lowest median tax bills in the area are both $870, found in the 32189 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Satsuma Assessed Value
$84,780
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 Satsuma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32189 | $28,028 | $48,319 | $84,780 | $132,918 | $200,735 |
Source: Ownwell
Property Tax Bills Across Satsuma, Florida
In Satsuma, located in Putnam County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Satsuma is $84,780. Property taxes are then applied to this assessed value using the local tax rate. Homeowners in Satsuma can expect varying property tax bills, with the 25th percentile at $547, the 75th percentile at $1527, and the 90th percentile reaching $2380. These figures indicate that while some homeowners may have relatively modest tax bills, others could face significantly higher amounts depending on the value of their property. The highest and lowest median tax bills in the region are both $870, highlighting some consistency in the area. Compared to the national median property tax rate of 0.99%, Satsuma's property taxes can be seen as relatively manageable for many homeowners, although individual circumstances will vary. Understanding these factors is crucial for homeowners as they budget for annual expenses and consider the overall cost of homeownership in Satsuma.
Average Satsuma Tax Bill
$870
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Satsuma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32189 | $259 | $547 | $870 | $1,527 | $2,380 |
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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