Steinhatchee, Florida Property Taxes
The median property tax rate in Steinhatchee, FL is 1.19%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $126,720 in Steinhatchee, the typical annual property tax bill amounts to $1,160, falling below the national median of $2,690. Property taxes in Steinhatchee are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Gaining a solid understanding of Steinhatchee's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're situated in the heart of Steinhatchee or its surrounding areas, mastering the local property tax landscape is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Steinhatchee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,508
$1,426
Ownwell’s Steinhatchee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steinhatchee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steinhatchee 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 Steinhatchee, Florida
Property taxes in Steinhatchee, Florida, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Steinhatchee is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Steinhatchee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steinhatchee 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 Steinhatchee's effective property tax rate to other counties in Florida and the national median. For comparison, the 32359 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Steinhatchee 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 Steinhatchee Tax Rate
1.19%
Average Taylor County Tax Rate
0.85%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | 0.37% | 0.57% | 1.19% | 1.45% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Steinhatchee, Florida
In Steinhatchee, 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 Steinhatchee, 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 Steinhatchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Steinhatchee are both $1,160, located in zip code 32359.
Average Steinhatchee Assessed Value
$126,720
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 Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | $51,388 | $77,380 | $126,720 | $202,005 | $304,292 |
Source: Ownwell
Property Tax Bills Across Steinhatchee, Florida
In Steinhatchee, located in Taylor County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county property appraiser and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Steinhatchee, the median home price is $126,720. The property tax bills vary significantly, with the 25th percentile at $655 and the 75th percentile at $2,145. At the 90th percentile, homeowners can expect to pay around $3,475. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Taylor County's median tax bill of $1,160 in zip code 32359 is relatively moderate. Understanding these factors helps homeowners anticipate their property tax responsibilities and manage their financial planning accordingly.
Average Steinhatchee Tax Bill
$1,160
Average Taylor County Tax Bill
$767
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Steinhatchee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32359 | $326 | $655 | $1,160 | $2,145 | $3,475 |
Source: Ownwell