Taylor, Taylor County, Florida Property Taxes
Median Taylor, FL effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Taylor, FL home value: $92,030
Median annual Taylor, FL tax bill: $560, $1,840 lower than the national median property tax bill of $2,400.
How are property taxes in Taylor calculated?
Property taxes in Taylor, 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 Taylor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taylor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Taylor, Taylor County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$1,224
$1,136
Property Tax Rates Across Taylor, Taylor County, Florida
Local government entities determine property tax rates, which can differ significantly across a state. This discrepancy arises because each county annually estimates the budget needed to deliver services and divides it by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. Although votes and legislation play a role in setting tax rates and budgets, this is the fundamental yearly procedure.
In Taylor, located in 12123, FL, property taxes reflect this process. The effective property tax rate in Taylor stands out when compared to other cities in Florida. With Florida’s median property tax rate at 0.83%, Taylor’s rate is notably higher, surpassing both the state and national medians. The national median property tax rate is 1.02%, which highlights Taylor’s comparatively elevated rate. This difference can significantly impact homeowners, making it essential to explore potential savings through property tax appeals or exemptions. Understanding these tax dynamics can lead to considerable savings and ensure that you are not overpaying on your property taxes.
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 Taylor Tax Rate
1.33%
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 Taylor County Tax Rate
0.85%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Taylor, Taylor County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Taylor, Taylor County, Florida
When examining property taxes in Taylor, 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 Taylor County Property Appraiser's Office 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 Taylor 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 Taylor.
For example, the median home price in Taylor is $92,030, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Taylor, Taylor County, Florida
Source: Ownwell
$85,390
$106,055
$126,720
Median Taylor Market Value
$92,030
Median Taylor County Market Value
$95,180
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Taylor, Taylor County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Taylor, Taylor County, Florida
In Taylor, Florida, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and this percentage is determined by the local tax assessor. With a median home price of $92,030, homeowners in Taylor face varying property tax bills. The 25th percentile tax bill is $253, while the 75th percentile reaches $1,157. For those at the 90th percentile, the tax bill can soar to $2,604, which exceeds the national median property tax bill of $2,400. These figures highlight the potential financial burden on homeowners.
Fluctuations in property values and changes in local tax rates can significantly affect the tax bill, making it crucial for homeowners to ensure their property is accurately assessed. Here, Ownwell can be a valuable ally. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of the tax system, potentially lowering their tax obligations and ensuring they pay no more than necessary.
Median Taylor Tax Bill
$560
Median Taylor County Tax Bill
$767
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Taylor, Taylor County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell