Sopchoppy, Wakulla County, Florida Property Taxes

Name: Property Tax Bills Across Sopchoppy, Wakulla County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Sopchoppy, FL effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Sopchoppy, FL home value: $96,771
Median annual Sopchoppy, FL tax bill: $1,116, $1,284 lower than the national median property tax bill of $2,400.

How are property taxes in Wakulla County calculated?

Property taxes in Sopchoppy, 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 Sopchoppy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sopchoppy, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sopchoppy, Wakulla County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,200

$1,114

Ownwell’s Sopchoppy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sopchoppy with just two data points. By entering your property's estimated assessed value, our calculator applies Sopchoppy’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wakulla County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sopchoppy, Wakulla County, Florida

Local government entities are responsible for setting tax rates, leading to significant variations within a state. Annually, each county calculates its required budget to fund services and divides that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and laws play roles in setting tax rates and budgets, this is the fundamental annual procedure.

In SOPCHOPPY, located in Wakulla County, the effective property tax rate is 1.24%. This rate is slightly higher than the national median property tax rate of 1.02%. However, it aligns with the median rate for the state of Florida, which is also 1.24%.

In contrast to other regions, SOPCHOPPY's tax rate is consistent with the highest and lowest rates within the same zip code, 32358. Comparing these rates helps residents understand how their local taxes measure up against broader state and national figures. By examining these differences, property owners can better appreciate the factors influencing their tax bills and consider appealing if they believe their assessment is inaccurate.

Property Tax Rates Across Sopchoppy, Wakulla County, Florida

Source: Ownwell

1.04%

1.23%

1.41%

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 Sopchoppy Tax Rate

1.24%

Median Effective Wakulla County Tax Rate

1.08%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sopchoppy, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32358	0.67%	0.89%	1.24%	1.79%	2.41%

Source: Ownwell

Property Tax Assessment Values Across Sopchoppy, Wakulla County, Florida

When examining property taxes in Sopchoppy, Florida, 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 Wakulla County Property Appraiser 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 Wakulla County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Sopchoppy. For example, the median home price in Sopchoppy is $96,771, with tax bills ranging significantly across the county. Zip code 32358 has the highest median home price at $96,771.

Property Tax Assessment Values Across Sopchoppy, Wakulla County, Florida

Source: Ownwell

$96,771

$114,074

$131,377

Median Sopchoppy Market Value

$96,771

Median Wakulla County Market Value

$127,534

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sopchoppy, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32358	$30,163	$51,357	$96,771	$166,048	$260,790

Source: Ownwell

Property Tax Bills Across Sopchoppy, Wakulla County, Florida

In Sopchoppy, located in Wakulla County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions. The median home price in Sopchoppy is $96,771, contributing to a range of tax bills in the area. The 25th percentile tax bill is $686, while the 75th percentile reaches $1,916, and the 90th percentile peaks at $2,962. Despite these variations, the median tax bill in the area is $1,116, which is significantly lower than the national median of $2,400. Homeowners in Sopchoppy can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially lowering their tax bills by ensuring accurate assessments and identifying applicable exemptions, ultimately resulting in substantial savings.

Property Tax Bills Across Sopchoppy, Wakulla County, Florida

Source: Ownwell

$1,116

$1,268

$1,419

Median Sopchoppy Tax Bill

$1,116

Median Wakulla County Tax Bill

$1,391

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Sopchoppy, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32358	$426	$686	$1,116	$1,916	$2,962

Source: Ownwell