Tallahassee, Wakulla County, Florida Property Taxes

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

Median Tallahassee, FL effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Tallahassee, FL home value: $204,399
Median annual Tallahassee, FL tax bill: $3,149, $749 higher than the national median property tax bill of $2,400.

How are property taxes in Wakulla calculated?

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

Last Updated March 1, 2025

Tallahassee, Wakulla County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$3,168

$2,940

Ownwell’s Tallahassee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tallahassee with just two data points. By entering your property's estimated assessed value, our calculator applies Tallahassee’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 Tallahassee, Wakulla County, Florida

Local government entities are responsible for setting tax rates, which can differ greatly across a state. This is because each county calculates its required budget annually to fund services and then divides this by the total assessed value of all taxable property within its boundaries. This process determines the property tax rate. Although setting tax rates and budgets involves votes and regulations, this is essentially how it works each year.

Tallahassee in Wakulla County, Florida, has an effective property tax rate that stands out when compared to other cities in the state. Florida's median property tax rate is notably higher than the national median of 1.02%. This can result in property tax bills that exceed the national median of $2,400. Comparing Tallahassee's rate to other cities in Florida and the state median can provide valuable insights for property owners. Understanding these differences can be crucial for homeowners looking to manage their property tax expenses effectively.

Property Tax Rates Across Tallahassee, 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 Tallahassee Tax Rate

1.55%

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 Tallahassee, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32303	N/A	N/A	N/A	N/A	N/A
32309	N/A	N/A	N/A	N/A	N/A
32312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tallahassee, Wakulla County, Florida

When examining property taxes in Tallahassee, FL, 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 April. 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 Tallahassee. For example, the median home price in Tallahassee is $204,399, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tallahassee, Wakulla County, Florida

Source: Ownwell

$96,771

$114,074

$131,377

Median Tallahassee Market Value

$204,399

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 Tallahassee, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32303	N/A	N/A	N/A	N/A	N/A
32309	N/A	N/A	N/A	N/A	N/A
32312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tallahassee, Wakulla County, Florida

In Tallahassee, located in Wakulla County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is a percentage of the home's market value and is influenced by factors such as location, size, and age of the property. In this region, the median home price is $204,399. Homeowners in Tallahassee experience property tax bills that can vary significantly, with the 25th percentile paying around $2,919 and the 75th percentile facing bills of $3,339. This range indicates that many homeowners pay more than the national median property tax bill of $2,400, despite Florida's relatively lower tax rate compared to the national median of 1.02%. Ownwell can assist homeowners in Tallahassee by identifying potential tax savings through appeals and exemptions. By leveraging local expertise, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them significant amounts annually.

Property Tax Bills Across Tallahassee, Wakulla County, Florida

Source: Ownwell

$1,116

$1,268

$1,419

Median Tallahassee Tax Bill

$3,149

Median Wakulla County Tax Bill

$1,391

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Tallahassee, Wakulla County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32303	N/A	N/A	N/A	N/A	N/A
32309	N/A	N/A	N/A	N/A	N/A
32312	N/A	N/A	N/A	N/A	N/A

Source: Ownwell