Holt, Florida Property Taxes
The median property tax rate in Holt, FL is 0.56%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Holt at $95,245, the typical annual property tax bill amounts to $615, which is well below the national median of $2,690. Property taxes in Holt are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Holt's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Holt or another part of Santa Rosa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holt, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$533
$504
Ownwell’s Holt Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Holt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holt to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, scroll down to find detailed neighborhood information. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Holt, Florida
Property taxes in Holt, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holt is 0.56%, which is significantly lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Holt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holt 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 Holt's effective property tax rate to other counties in Florida and the national median. For comparison, the 32564 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Holt 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 Holt Tax Rate
0.56%
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 Holt, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32564 | 0.34% | 0.42% | 0.56% | 1.13% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Holt, Florida
In Holt, 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 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 Holt, 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 Holt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Holt is $95,245, with tax bills ranging from $356 at the 25th percentile to $1,938 at the 90th percentile. The zip code 32564 has both the highest and lowest median tax bill at $615.
Average Holt Assessed Value
$95,245
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 Holt, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32564 | $44,479 | $59,796 | $95,245 | $157,218 | $231,271 |
Source: Ownwell
Property Tax Bills Across Holt, Florida
In Holt, located in Santa Rosa County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the county assessor. Homeowners in Holt can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $356, while at the 75th percentile, it rises to $1,154. At the 90th percentile, the tax bill can be as high as $1,938. These variations are influenced by factors such as property size, location, and any applicable exemptions. The median home price in Holt is $95,245, and the median tax bill is $615, which is relatively modest compared to the national median property tax rate of 0.99%. This means homeowners in Holt generally benefit from lower property tax bills, making it a more affordable area for property ownership.
Average Holt Tax Bill
$615
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 Holt, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32564 | $205 | $356 | $615 | $1,154 | $1,938 |
Source: Ownwell