Raiford, Union County, Florida Property Taxes
The median property tax rate in Raiford, FL is 0.88%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Raiford at $58,812, the typical annual property tax bill amounts to $573, significantly less than the national median of $2,690. Property taxes in Raiford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Raiford's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Raiford 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
Raiford, Union County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$518
$480
Ownwell’s Raiford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raiford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raiford 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 Raiford, Union County, Florida
Property taxes in Raiford, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raiford is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Raiford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raiford 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 Raiford's effective property tax rate to other counties in Florida and the national median. For comparison, the 32083 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Raiford 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 Raiford Tax Rate
0.88%
Average Union County Tax Rate
0.97%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raiford, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32083 | 0.43% | 0.64% | 0.88% | 1.64% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Raiford, Union County, Florida
In Raiford, 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. In Raiford, 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 Raiford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Raiford is $573 in the 32083 zip code, while the lowest median tax bill is also $573 in the same zip code.
Property Tax Assessment Values Across Raiford, Union County, Florida
Source: Ownwell
$43,766
$58,733
$73,699
Average Raiford Assessed Value
$58,812
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 Raiford, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32083 | $26,725 | $36,756 | $58,812 | $87,879 | $116,716 |
Source: Ownwell
Property Tax Bills Across Raiford, Union County, Florida
In Raiford, Union County, FL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, the median home price in Raiford is $58,812. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Raiford can expect their property tax bills to vary, with the 25th percentile tax bill being $294 and the 75th percentile reaching $810. For those at the 90th percentile, tax bills can go up to $1,283. The highest median tax bill recorded in Raiford is $573, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community.
Average Raiford Tax Bill
$573
Average Union County Tax Bill
$664
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Raiford, Union County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32083 | $157 | $294 | $573 | $810 | $1,283 |
Source: Ownwell