Lawtey, Union County, Florida Property Taxes
The median property tax rate in Lawtey, FL is 0.98%, slightly below the national median of 0.99% and significantly lower than Florida's state median of 1.14%. With the median home value in Lawtey at $55,081, the typical annual property tax bill is around $514, far below the national median of $2,690. Property taxes in Lawtey are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lawtey'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 Lawtey or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawtey, Union County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$540
$501
Ownwell’s Lawtey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawtey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawtey 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 Lawtey, Union County, Florida
Property taxes in Lawtey, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawtey is 0.98%, just below the U.S. national median of 0.99%. Local government entities within Lawtey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawtey 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 Lawtey's effective property tax rate to other counties in Florida and the national median. For comparison, the 32058 zip code has the highest median property tax rate of 0.98%, while the same 32058 zip code also has the lowest median tax rate of 0.98%. Understanding how these areas compare with Lawtey provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawtey Tax Rate
0.98%
Average Union County Tax Rate
0.97%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawtey, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | 0.43% | 0.65% | 0.98% | 1.04% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Lawtey, Union County, Florida
In Lawtey, 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 Union 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. 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 Lawtey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lawtey are both $514.00, found in ZIP code 32058.
Property Tax Assessment Values Across Lawtey, Union County, Florida
Source: Ownwell
$43,766
$58,733
$73,699
Average Lawtey Assessed Value
$55,081
Average Union County Assessed Value
$71,721
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawtey, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $29,655 | $35,877 | $55,081 | $90,657 | $118,909 |
Source: Ownwell
Property Tax Bills Across Lawtey, Union County, Florida
In Lawtey, Union County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Lawtey is $55,081, and property taxes can vary significantly within the area. Homeowners in the 25th percentile can expect to pay about $367 annually, while those in the 75th percentile might see bills around $937. At the 90th percentile, tax bills can reach up to $1,129. These variations are influenced by factors such as property improvements, exemptions, and changes in market conditions. Compared to the national median property tax rate of 0.99%, Lawtey's rates are relatively modest. However, the impact on homeowners can still be significant, affecting monthly mortgage payments and overall affordability. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Lawtey Tax Bill
$514
Average Union County Tax Bill
$664
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawtey, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32058 | $176 | $367 | $514 | $937 | $1,129 |
Source: Ownwell