Ponce De Leon, Florida Property Taxes
The median property tax rate in Ponce de Leon, FL is 0.71%, considerably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Ponce de Leon at $54,048, the typical annual property tax bill reaches $294, significantly below the national median of $2,690. Property taxes in Ponce de Leon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ponce de Leon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ponce de Leon or another part of Walton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ponce De Leon, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$384
$356
Ownwell’s Ponce de Leon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ponce de Leon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ponce de Leon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ponce De Leon, Florida
Property taxes in Ponce de Leon, Florida, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Ponce de Leon is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Ponce de Leon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ponce de Leon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ponce de Leon's effective property tax rate to other areas in Walton County and the national median. For comparison, the zip code 32455 has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Ponce de Leon provides valuable insights into the varying tax landscape across Walton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ponce De Leon Tax Rate
0.71%
Average Walton County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | 0.27% | 0.38% | 0.71% | 0.96% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Ponce De Leon, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ponce de Leon, FL. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Walton County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ponce de Leon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Ponce de Leon is $54,048, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $136, while the 75th percentile tax bill is $641. The highest median tax bill of $294 is found in the 32455 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ponce De Leon, Florida
Source: Ownwell
$51,685
$710,978
$1,370,271
Average Ponce De Leon Assessed Value
$54,048
Average Walton County Assessed Value
$398,232
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | $12,614 | $22,926 | $54,048 | $106,525 | $187,286 |
Source: Ownwell
Property Tax Bills Across Ponce De Leon, Florida
In Ponce de Leon, located in Walton County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Ponce de Leon can expect their tax bills to vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in the area is $54,048. Tax bills can range widely, with the 25th percentile at $136 and the 75th percentile reaching $641, while the 90th percentile can go up to $1,106. The highest and lowest median tax bills are both recorded at $294 in the 32455 zip code. Compared to the national median property tax rate of 0.99%, the rates in Ponce de Leon can be relatively low, which can be advantageous for homeowners. These property tax bills contribute to local services such as schools, road maintenance, and emergency services, directly affecting the quality of life in the community.
Average Ponce De Leon Tax Bill
$294
Average Walton County Tax Bill
$2,924
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ponce De Leon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32455 | $75 | $136 | $294 | $641 | $1,106 |
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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