Greenville, Florida Property Taxes
The median property tax rate in Greenville, FL is 0.70%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Greenville at $85,390, the typical annual property tax bill is $621, far below the national median of $2,690. Property taxes in Greenville are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Greenville'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 Greenville or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$598
$565
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Florida
Property taxes in Greenville, Florida, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 0.70%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities in Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32331 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Greenville provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenville Tax Rate
0.70%
Average Taylor County Tax Rate
0.85%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | 0.35% | 0.54% | 0.70% | 1.13% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Florida
In Greenville, 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 Taylor 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 Greenville, 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the 32331 zip code is $621, reflecting the highest and lowest median tax bills in the area.
Average Greenville Assessed Value
$85,390
Average Taylor County Assessed Value
$95,180
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | $25,792 | $48,060 | $85,390 | $134,610 | $213,238 |
Source: Ownwell
Property Tax Bills Across Greenville, Florida
In Greenville, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Factors such as location, property size, and home improvements can influence this assessment. Homeowners in Greenville can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $270, while the 75th percentile reaches up to $948. Those in the 90th percentile see tax bills as high as $1,586. The median home price in Greenville is $85,390, and the property tax rate is competitive compared to the national median of 0.99%. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life in the community. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Greenville Tax Bill
$621
Average Taylor County Tax Bill
$767
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32331 | $178 | $270 | $621 | $948 | $1,586 |
Source: Ownwell