Wakulla County Property Taxes
The median property tax rate in Wakulla County is 1.08%, which is slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Wakulla County, the typical annual property tax bill is $1,391, significantly below the national median of $2,690. Property taxes in Wakulla County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wakulla County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Crawfordville or another part of Wakulla County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wakulla County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,377
$1,278
Ownwell’s Wakulla County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wakulla County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wakulla County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wakulla County, Florida
Property taxes in Wakulla County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wakulla County is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Wakulla County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wakulla County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wakulla County's effective property tax rate with other counties in Florida and the national median. For comparison, the city of Tallahassee has one of the higher property tax rates in Florida at 1.55%, while the city of Crawfordville boasts one of the lowest at 1.04%. Analyzing how Wakulla County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wakulla County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wakulla County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | 0.67% | 0.85% | 1.04% | 1.45% | 1.79% |
| Panacea | 0.71% | 0.98% | 1.41% | 1.75% | 2.40% |
| Saint Marks | 0.59% | 0.92% | 1.27% | 2.11% | 2.31% |
| Sopchoppy | 0.67% | 0.89% | 1.24% | 1.79% | 2.41% |
| Tallahassee | 1.44% | 1.53% | 1.55% | 1.56% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Wakulla County, Florida
In Wakulla County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wakulla County Appraisal District. The assessed value, however, 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 in Wakulla County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Tallahassee has the highest median tax bill at $3,149, while Sopchoppy has the lowest at $1,116. Being aware of these valuation processes in Wakulla County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wakulla County Assessed Value
$127,534
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wakulla County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | $48,481 | $83,871 | $131,377 | $218,059 | $288,126 |
| Panacea | $27,360 | $50,552 | $124,445 | $226,921 | $323,795 |
| Saint Marks | $37,121 | $52,850 | $108,878 | $185,497 | $249,452 |
| Sopchoppy | $30,163 | $51,357 | $96,771 | $166,048 | $260,790 |
| Tallahassee | $164,767 | $200,180 | $204,399 | $216,552 | $237,125 |
Source: Ownwell
Property Tax Bills Across Wakulla County, Florida
Property tax bills in Wakulla County, FL, are calculated based on the assessed value of a property, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. For homeowners, this means their tax bill can vary significantly. In Wakulla County, the median home price is $127,534. Tax bills can range widely, with the 25th percentile at approximately $789, and the 75th percentile reaching around $2,281. At the higher end, the 90th percentile tax bill can be as much as $3,279. Comparatively, the highest median tax bill in the county is found in Tallahassee at $3,149, while the lowest is in Sopchoppy at $1,116. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Wakulla County Tax Bill
$1,391
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Wakulla County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | $490 | $806 | $1,419 | $2,279 | $3,246 |
| Panacea | $431 | $718 | $1,394 | $2,786 | $3,946 |
| Saint Marks | $458 | $749 | $1,272 | $2,305 | $3,572 |
| Sopchoppy | $426 | $686 | $1,116 | $1,916 | $2,962 |
| Tallahassee | $2,368 | $2,919 | $3,149 | $3,339 | $3,623 |
Source: Ownwell