Hastings, Florida Property Taxes
The median property tax rate in Hastings, FL is 0.99%, aligning perfectly with the national median of 0.99% but falling below the Florida state median of 1.14%. With a median home value of $130,810 in Hastings, the typical annual property tax bill amounts to $997, which is significantly less than the national median of $2,690. Property taxes in Hastings are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hastings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hastings or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hastings, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,295
$1,202
Ownwell’s Hastings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hastings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hastings 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hastings, Florida
Property taxes in Hastings, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hastings is 0.99%, aligning with both the Florida state median and the U.S. national median of 0.99%. Local government entities within Hastings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hastings 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 Hastings' effective property tax rate to other counties in Florida and the national median. For comparison, the 32145 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Hastings provides valuable insights into the varying tax landscape across St. Johns County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hastings Tax Rate
0.99%
Average St. Johns County Tax Rate
1.13%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | 0.49% | 0.62% | 0.99% | 1.53% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Hastings, Florida
In Hastings, 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 local 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 Hastings, 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 Hastings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hastings is $130,810, with the median tax bill ranging from $651 at the 25th percentile to $2,595 at the 90th percentile. The zip code 32145 has both the highest and lowest median tax bill at $997.
Average Hastings Assessed Value
$130,810
Average St. Johns County Assessed Value
$360,570
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | $18,018 | $67,884 | $130,810 | $192,536 | $246,629 |
Source: Ownwell
Property Tax Bills Across Hastings, Florida
In Hastings, St. Johns County, FL, property tax bills are determined by the assessed value of a home, which is calculated by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $130,810, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $651, while those in the 75th percentile may see a tax bill closer to $1716. At the 90th percentile, tax bills can reach up to $2595. The local property tax rate in Hastings is notably lower than the national median property tax rate of 0.99%. This relatively low rate can make homeownership more affordable in the area, impacting homeowners by potentially reducing their annual expenses compared to other regions. However, fluctuations in assessed home values can still lead to variations in tax bills, affecting homeowners' budgets and financial planning.
Average Hastings Tax Bill
$997
Average St. Johns County Tax Bill
$3,763
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hastings, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32145 | $424 | $651 | $997 | $1,716 | $2,595 |
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 | |
|---|---|
| St. Johns Property Appraiser | |
| Website | qpublic.schneidercorp.com |