Navarre, Florida Property Taxes
The median property tax rate in Navarre, FL is 0.81%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Navarre at $277,965, the typical annual property tax bill comes to $2,291, falling below the national median of $2,690. Property taxes in Navarre are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Navarre'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 Navarre or its surrounding areas, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Navarre, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,252
$2,089
Ownwell’s Navarre Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Navarre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Navarre to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Santa Rosa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Navarre, Florida
Property taxes in Navarre, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Navarre is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Navarre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Navarre 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 Navarre's effective property tax rate to other counties in Florida and the national median. For comparison, the 32566 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Navarre 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 Navarre Tax Rate
0.81%
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 Navarre, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | 0.47% | 0.62% | 0.81% | 1.15% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Navarre, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Navarre, Florida. 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 Navarre, 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 here is $277,965, with tax bills ranging from $1,381 at the 25th percentile to $4,761 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,291 in the 32566 zip code. By understanding 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 Navarre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Navarre Assessed Value
$277,965
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 Navarre, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | $150,915 | $218,330 | $277,965 | $360,000 | $497,700 |
Source: Ownwell
Property Tax Bills Across Navarre, Florida
In Navarre, located in Santa Rosa County, FL, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county property appraiser, who evaluates the property's market value and then applies an assessment ratio. The local tax rate, often expressed as a millage rate, is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Navarre is $277,965, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,381, while those in the 75th percentile might see bills as high as $3,239. The 90th percentile tax bill can reach up to $4,761. The median property tax rate in Navarre is lower than the national median of 0.99%, making it relatively affordable for homeowners in the area.
Average Navarre Tax Bill
$2,291
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 Navarre, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32566 | $646 | $1,381 | $2,291 | $3,239 | $4,761 |
Source: Ownwell