Saint Marks, Florida Property Taxes
The median property tax rate in Saint Marks, FL is 1.27%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Saint Marks, the typical annual property tax bill reaches $1,272, which is below the national median of $2,690. Property taxes in Saint Marks are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Marks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Marks 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
Saint Marks, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,383
$1,307
Ownwell’s Saint Marks Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Saint Marks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marks 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 Saint Marks, Florida
Property taxes in Saint Marks, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marks is 0.73%, lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Saint Marks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Marks 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 Saint Marks' effective property tax rate to other counties in Florida and the national median. For comparison, the highest median property tax rate in Wakulla County is 0.73% in the zip code 32355, while the lowest median tax rate is also 0.73% in the same zip code. Understanding how these cities compare with Saint Marks provides valuable insights into the varying tax landscape across Wakulla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marks Tax Rate
1.27%
Average Wakulla County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marks, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32355 | 0.59% | 0.92% | 1.27% | 2.11% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marks, Florida
In Saint Marks, 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 Wakulla County Property Appraiser 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 Saint Marks, 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 Saint Marks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Marks is $108,878. The zip code with the highest median tax bill is 32355, with a tax bill of $1,272, which is significantly lower than the national median property tax rate of 0.99%.
Average Saint Marks Assessed Value
$108,878
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 Saint Marks, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32355 | $37,121 | $52,850 | $108,878 | $185,497 | $249,452 |
Source: Ownwell
Property Tax Bills Across Saint Marks, Florida
In Saint Marks, property tax bills are calculated based on the assessed value of a home, which is determined by the Wakulla County Property Appraiser. The median home price in Saint Marks is $108,878. The assessed value is then multiplied by the local tax rate. For homeowners in Saint Marks, tax bills can vary significantly. The tax bill at the 25th percentile is around $749, while at the 75th percentile, it reaches $2,305. The 90th percentile tax bill can be as high as $3,572. The highest median tax bill in the area is $1,272, and this figure is consistent across the zip code 32355. Compared to the national median property tax rate of 0.99%, Saint Marks offers a diverse range of tax bills, reflecting the varying property values and local tax rates. These property taxes directly impact homeowners by influencing their annual financial planning and the overall cost of owning a home in the region.
Average Saint Marks Tax Bill
$1,272
Average Wakulla County Tax Bill
$1,391
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marks, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32355 | $458 | $749 | $1,272 | $2,305 | $3,572 |
Source: Ownwell