Inlet Beach, Walton County, Florida Property Taxes
Median Inlet Beach, FL effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Inlet Beach, FL home value: $1,003,844
Median annual Inlet Beach, FL tax bill: $7,804, $5,404 higher than the national median property tax bill of $2,400.
How are property taxes in Walton calculated?
Property taxes in Inlet Beach, 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 Inlet Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Inlet Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Inlet Beach, Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$8,131
$7,545
Property Tax Rates Across Inlet Beach, Walton County, Florida
Local government entities set tax rates, which can vary widely within a state. This variation stems from the annual process where each county, such as Walton, estimates its budgetary needs for public services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in shaping tax rates and budgets, this is the fundamental process.
In Inlet Beach, located in Walton County, the effective property tax rate stands at 0.81%, which aligns with the highest and lowest median tax rates within the same zip code. This rate is notably lower than the national median property tax rate of 1.02%. Florida's median property tax rate also reflects this lower trend, making it an attractive state for property owners seeking to minimize their tax burden.
Comparing Inlet Beach's property tax rate to other cities in Florida and the national median, property owners in this region benefit from relatively lower tax rates, contributing to its appeal as a desirable location for homeowners.
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 Inlet Beach Tax Rate
0.81%
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 Walton County Tax Rate
0.80%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Inlet Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32461 | 0.56% | 0.75% | 0.81% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Inlet Beach, Walton County, Florida
When examining property taxes in Inlet Beach, 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 Walton County Appraisal District 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.
Assessment notices:
In Walton 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 Inlet Beach.
For example, the median home price in Inlet Beach is $1,003,844, with tax bills ranging significantly across the county. ZIP code 32461 has the highest median home price at $1,003,844.
Property Tax Assessment Values Across Inlet Beach, Walton County, Florida
Source: Ownwell
$51,685
$527,765
$1,003,844
Median Inlet Beach Market Value
$1,003,844
Median Walton County Market Value
$398,232
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Inlet Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32461 | $473,684 | $641,786 | $1,003,844 | $1,801,933 | $3,573,175 |
Source: Ownwell
Property Tax Bills Across Inlet Beach, Walton County, Florida
Median Inlet Beach Tax Bill
$7,804
Median Walton County Tax Bill
$2,924
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Inlet Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32461 | $2,951 | $4,844 | $7,804 | $14,731 | $29,442 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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