Miramar Beach, Walton County, Florida Property Taxes
Median Miramar Beach, FL effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Miramar Beach, FL home value: $466,200
Median annual Miramar Beach, FL tax bill: $3,688, $1,288 higher than the national median property tax bill of $2,400.
How are property taxes in Walton County calculated?
Property taxes in Miramar 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 Miramar Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Miramar Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Miramar Beach, Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$3,869
$3,591
Property Tax Rates Across Miramar Beach, Walton County, Florida
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process.
In Miramar Beach, located in Walton County, Florida, the effective property tax rate is worth noting. Compared to other cities in Florida, Miramar Beach's rate aligns with the median property tax rate for the state. When compared to the national median property tax rate of 1.02%, Miramar Beach offers a more favorable rate. This can be an attractive factor for property owners considering the area's market. The consistency in tax rates across the region provides a stable environment for property investment, making Miramar Beach an appealing choice for homeowners and investors alike.
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 Miramar Beach Tax Rate
0.83%
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 Miramar Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32550 | 0.53% | 0.77% | 0.83% | 0.90% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Miramar Beach, Walton County, Florida
When examining property taxes in Miramar 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 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 Miramar Beach.
For example, the median home price in Miramar Beach is $466,200, with tax bills ranging significantly across the county. ZIP code 32550 has the highest median home price at $466,200.
Property Tax Assessment Values Across Miramar Beach, Walton County, Florida
Source: Ownwell
$51,685
$527,765
$1,003,844
Median Miramar Beach Market Value
$466,200
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 Miramar Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32550 | $219,240 | $319,788 | $466,200 | $694,721 | $1,155,840 |
Source: Ownwell
Property Tax Bills Across Miramar Beach, Walton County, Florida
Median Miramar Beach Tax Bill
$3,688
Median Walton County Tax Bill
$2,924
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Miramar Beach, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32550 | $1,488 | $2,380 | $3,688 | $5,546 | $9,075 |
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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