Laurel Hill, Walton County, Florida Property Taxes
Median Laurel Hill, FL effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Laurel Hill, FL home value: $76,277
Median annual Laurel Hill, FL tax bill: $411, $1,989 lower than the national median property tax bill of $2,400.
How are property taxes in Walton calculated?
Property taxes in Laurel Hill, 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 Laurel Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel Hill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurel Hill, Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$511
$474
Property Tax Rates Across Laurel Hill, Walton County, Florida
Local government entities in Florida, like elsewhere, set property tax rates that can differ significantly within the state. This variation occurs because each county calculates its budgetary needs annually and divides this by the total value of all taxable properties within its jurisdiction. This process determines the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this annual calculation is the core of the process.
In Laurel Hill, located in Walton County, the effective property tax rate is notably lower than the national median of 1.02%. This lower rate can be attributed to the county's budgeting requirements and property valuations. Comparing Laurel Hill's tax rate with other cities in Florida, it's evident that property tax rates can vary widely even within the same state. The median property tax rate in Florida is also below the national average, making it an attractive option for property owners looking for lower tax burdens. Understanding these local differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Laurel Hill Tax Rate
0.67%
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 Laurel Hill, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32567 | 0.26% | 0.37% | 0.67% | 0.90% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Laurel Hill, Walton County, Florida
When examining property taxes in Laurel Hill, 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 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 Walton 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 Laurel Hill. For example, the median home price in Laurel Hill is $76,277, with tax bills ranging significantly across the county. Zip code 32567 has the highest median home price at $76,277.
Property Tax Assessment Values Across Laurel Hill, Walton County, Florida
Source: Ownwell
$51,685
$527,765
$1,003,844
Median Laurel Hill Market Value
$76,277
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 Laurel Hill, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32567 | $19,850 | $46,245 | $76,277 | $130,041 | $207,325 |
Source: Ownwell
Property Tax Bills Across Laurel Hill, Walton County, Florida
In Laurel Hill, Walton County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, property size, and market conditions. Homeowners in Laurel Hill experience a median property tax bill of $411, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $233 and the 90th percentile reaching $1,336. This variation indicates that some homeowners pay considerably more than others, potentially due to differences in assessed values or exemptions.
Ownwell can assist homeowners in Laurel Hill by identifying potential savings on their property tax bills. With expertise in property tax appeals and exemptions, Ownwell helps ensure that homeowners are not overpaying. By conducting thorough assessments and leveraging local tax regulations, Ownwell can potentially reduce the financial burden on homeowners, ensuring they pay only their fair share.
Median Laurel Hill Tax Bill
$411
Median Walton County Tax Bill
$2,924
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel Hill, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32567 | $97 | $233 | $411 | $766 | $1,336 |
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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