Live Oak, Suwannee County, Florida Property Taxes

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

Median Live Oak, FL effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Live Oak, FL home value: $83,157
Median annual Live Oak, FL tax bill: $998, $1,402 lower than the national median property tax bill of $2,400.

How are property taxes in Suwannee calculated?

Property taxes in Live Oak, FL 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 Live Oak’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Live Oak, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Live Oak, 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

$990

$918

Ownwell’s Live Oak Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Live Oak with just two data points. By entering your property's estimated assessed value, our calculator applies Live Oak’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 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 Live Oak, Suwannee County, Florida

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially the annual process. In Live Oak, located in Suwannee County, the effective property tax rate can be compared to other cities in Florida, as well as the median property tax rates in Florida and across the United States. Florida's median property tax rate is slightly higher than the national median of 1.02%. However, within the state, Live Oak's rates are competitive, with the highest median tax rate in the area being 1.38% in the 32064 zip code and the lowest at 1.17% in the 32060 zip code. This variability highlights the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Live Oak, 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 Live Oak Tax Rate

1.19%

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 Live Oak, Suwannee County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32060	0.71%	0.97%	1.17%	1.74%	2.19%
32064	0.59%	0.90%	1.38%	2.40%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Live Oak, Suwannee County, Florida

When examining property taxes in Live Oak, FL, 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. In Suwannee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Live Oak. For example, the median home price in Live Oak is $83,157, with tax bills ranging significantly across the county. Zip code 32060 has the highest median home price at $88,678.

Property Tax Assessment Values Across Live Oak, Suwannee County, Florida

Source: Ownwell

$63,987

$79,695

$95,403

Median Live Oak Market Value

$83,157

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 Live Oak, Suwannee County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32060	$37,354	$57,042	$88,678	$135,747	$192,492
32064	$22,954	$40,296	$69,654	$108,458	$160,742

Source: Ownwell

Property Tax Bills Across Live Oak, Suwannee County, Florida

In Live Oak, property tax bills are calculated based on the assessed value of a home, which is determined by the Suwannee County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the tax bill. In Live Oak, the median property tax bill is $1,030, which is slightly below the national median of $2,400. However, homeowners can see a range in their tax bills, with the 25th percentile at $677 and the 75th percentile at $1,611. At the 90th percentile, property tax bills can reach up to $2,370, indicating variability depending on property value and location within the city. High property taxes can place a significant financial burden on homeowners, making it crucial to ensure they are not overpaying. Ownwell can assist homeowners in Live Oak by reviewing their property assessments and identifying potential savings through appeals or exemptions, thus helping to reduce their tax liabilities. By leveraging Ownwell's expertise, homeowners can potentially lower their property tax bills and ease their financial burden.

Property Tax Bills Across Live Oak, Suwannee County, Florida

Source: Ownwell

$727

$924

$1,121

Median Live Oak Tax Bill

$998

Median Suwannee County Tax Bill

$983

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Live Oak, Suwannee County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32060	$421	$726	$1,030	$1,611	$2,329
32064	$275	$590	$898	$1,611	$2,509

Source: Ownwell