Suwannee County, Florida Property Taxes

Name: Property Tax Bills Across Suwannee County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Suwannee County effective property tax rate: 1.19%, significantly higher than the national median of 1.02%.
Median Suwannee County home value: $82,568
Median annual Suwannee County tax bill: $983, $1,417 lower than the national median property tax bill of $2,400.

How are property taxes in Suwannee County calculated?

Property taxes in Suwannee County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Live Oak or another part of Suwannee County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Suwannee County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$983

$912

Ownwell’s Suwannee County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Suwannee County with just two data points. By entering your property's estimated assessed value, our calculator applies Suwannee County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Suwannee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Suwannee County, Florida

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Suwannee County's effective property tax rate to other counties in Florida or the U.S. median property tax rate. Suwannee County boasts a median property tax rate of 1.19%, slightly higher than the national median of 1.02%. Within the county, White Springs has the highest median tax rate at 1.30%, while Mc Alpin offers a more economical rate of 1.14%. These variations highlight the importance of understanding local property tax dynamics when considering property investments or ownership in Florida. With property taxes being a significant factor in overall homeownership costs, knowing these rates can empower property owners to make informed financial decisions.

Property Tax Rates Across Suwannee County, Florida

Source: Ownwell

1.14%

1.26%

1.38%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Suwannee County Tax Rate

1.19%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Suwannee County, Florida

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Branford	0.62%	0.96%	1.25%	1.97%	2.24%
Dowling Park	N/A	N/A	N/A	N/A	N/A
Lake City	0.65%	0.97%	1.16%	1.74%	2.15%
Live Oak	0.67%	0.95%	1.19%	1.89%	2.41%
Mcalpin	N/A	N/A	N/A	N/A	N/A
Mc Alpin	0.65%	0.94%	1.14%	1.62%	1.97%
O Brien	0.71%	0.97%	1.19%	1.74%	2.17%
Wellborn	0.62%	0.96%	1.17%	1.71%	2.22%
White Springs	0.44%	0.90%	1.30%	1.79%	2.51%

Source: Ownwell

Property Tax Assessment Values Across Suwannee County, Florida

When examining property taxes in Suwannee County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Suwannee County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Suwannee County. For example, the median tax bill in Suwannee County is $1,121, with tax bills ranging significantly across the county. Mc Alpin has the highest median home price at $95,403.

Property Tax Assessment Values Across Suwannee County, Florida

Source: Ownwell

$63,987

$79,695

$95,403

Median Suwannee County Market Value

$82,568

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Suwannee County, Florida

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Branford	$29,862	$46,216	$78,505	$122,314	$184,510
Dowling Park	N/A	N/A	N/A	N/A	N/A
Lake City	$38,656	$56,188	$84,387	$119,795	$165,173
Live Oak	$32,613	$52,421	$83,157	$129,511	$185,166
Mcalpin	N/A	N/A	N/A	N/A	N/A
Mc Alpin	$43,471	$65,298	$95,403	$152,267	$208,300
O Brien	$37,079	$54,984	$85,072	$128,460	$191,721
Wellborn	$36,331	$53,471	$78,601	$122,981	$180,431
White Springs	$27,736	$38,989	$63,987	$94,944	$115,452

Source: Ownwell

Property Tax Bills Across Suwannee County, Florida

In Suwannee County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in the area is $82,568. Homeowners can expect their property tax bill to vary, with the 25th percentile paying around $665, while those at the 75th percentile might see bills closer to $1,595. At the 90th percentile, tax bills can reach up to $2,352. These figures highlight the range of property tax obligations within the county.

Compared to the national median property tax rate of 1.02%, Suwannee County offers a relatively moderate property tax environment. However, the impact on homeowners can still be significant, especially when considering the local economy and individual financial situations. In Suwannee County, the city of Mc Alpin has the highest median tax bill at $1,121, while White Springs has the lowest at $727. These variations illustrate how location within the county can affect property tax bills, influencing home affordability and budgeting for residents.

Property Tax Bills Across Suwannee County, Florida

Source: Ownwell

$727

$924

$1,121

Median Suwannee County Tax Bill

$983

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Suwannee County, Florida

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Branford	$345	$593	$949	$1,668	$2,566
Dowling Park	N/A	N/A	N/A	N/A	N/A
Lake City	$378	$709	$971	$1,488	$2,178
Live Oak	$371	$677	$998	$1,611	$2,370
Mcalpin	N/A	N/A	N/A	N/A	N/A
Mc Alpin	$398	$724	$1,121	$1,742	$2,476
O Brien	$409	$710	$1,000	$1,587	$2,292
Wellborn	$378	$629	$886	$1,408	$2,133
White Springs	$350	$523	$727	$879	$1,343

Source: Ownwell

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