Niceville, Walton County, Florida Property Taxes
Median Niceville, FL effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Niceville, FL home value: $191,216
Median annual Niceville, FL tax bill: $952, $1,448 lower than the national median property tax bill of $2,400.
How are property taxes in Walton County calculated?
Property taxes in Niceville, 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 Niceville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Niceville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Niceville, Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$975
$905
Property Tax Rates Across Niceville, Walton County, Florida
Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. This variation is due to each county's annual estimation of its budgetary needs to provide local services. The total budget is then divided by the value of all taxable property in the area, resulting in the property tax rate. While the process involves votes and laws to finalize these rates and budgets, this is the essential annual procedure.
In Niceville, located in Walton County, Florida, the effective property tax rate is a key point of interest. When comparing Niceville’s property tax rate to other cities within Florida, as well as to the national median, it becomes evident that the local rate is significantly below the national median property tax rate of 1.02%. This makes Niceville an attractive location for property owners seeking lower tax obligations. Additionally, the median property tax bill in Niceville is favorable compared to the national median of $2400, highlighting the potential for cost savings in this region.
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 Niceville Tax Rate
0.51%
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 Niceville, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | 0.22% | 0.36% | 0.51% | 0.79% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Niceville, Walton County, Florida
When examining property taxes in Niceville, 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 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.
In Walton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Niceville.
For example, the median home price in Niceville is $191,216, with tax bills ranging significantly across the county. Zip code 32578 has the highest median home price at $191,216.
Property Tax Assessment Values Across Niceville, Walton County, Florida
Source: Ownwell
$51,685
$527,765
$1,003,844
Median Niceville Market Value
$191,216
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 Niceville, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | $68,455 | $120,280 | $191,216 | $279,090 | $388,553 |
Source: Ownwell
Property Tax Bills Across Niceville, Walton County, Florida
Median Niceville Tax Bill
$952
Median Walton County Tax Bill
$2,924
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Niceville, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32578 | $297 | $533 | $952 | $1,528 | $2,220 |
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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