Baker, Florida Property Taxes
The median property tax rate in Baker, FL is 0.55%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Baker at $134,378, the typical annual property tax bill amounts to $724, which is well below the national median of $2,690. Property taxes in Baker 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 Baker'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 Baker 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
Baker, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$739
$686
Ownwell’s BAKER Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BAKER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BAKER to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is the value determined by the county for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Baker, Florida
Property taxes in Baker, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baker is 0.55%, significantly lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Baker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baker 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 Baker's effective property tax rate to other counties in Florida and the national median. For comparison, the 32531 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Baker provides valuable insights into the varying tax landscape across Santa Rosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baker Tax Rate
0.55%
Average Santa Rosa County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baker, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | 0.36% | 0.49% | 0.55% | 0.82% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Baker, Florida
In Baker, 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 Santa Rosa County Appraisal District 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 Baker, 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. Being aware of these valuation processes in Baker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $724 in zip code 32531, while the lowest is also $724 in the same zip code.
Average Baker Assessed Value
$134,378
Average Santa Rosa County Assessed Value
$224,182
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baker, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | $66,487 | $81,866 | $134,378 | $203,839 | $252,165 |
Source: Ownwell
Property Tax Bills Across Baker, Florida
In Baker, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $134,378, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is $521, while at the 75th percentile, it reaches $1,158. The 90th percentile sees tax bills as high as $1,818. Factors such as property improvements, market conditions, and local tax levies influence the assessed value. Homeowners in Baker might find their tax bills higher or lower depending on these variables. Compared to the national median property tax rate of 0.99%, Baker's tax bills reflect the local economic and real estate conditions. Understanding these components helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Baker Tax Bill
$724
Average Santa Rosa County Tax Bill
$1,730
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Baker, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32531 | $377 | $521 | $724 | $1,158 | $1,818 |
Source: Ownwell