Vernon, Walton County, Florida Property Taxes

Name: Property Tax Bills Across Vernon, Walton County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median VERNON, FL effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median VERNON, FL home value: $51,685
Median annual VERNON, FL tax bill: $346, $2,054 lower than the national median property tax bill of $2,400.

How are property taxes in Walton calculated?

Property taxes in VERNON, 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 VERNON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in VERNON, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Vernon, Walton County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$393

$365

Ownwell’s Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Vernon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Walton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Vernon, Walton County, Florida

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Vernon's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Vernon, Walton County, Florida

Source: Ownwell

0.51%

0.67%

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 Vernon Tax Rate

0.76%

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 Vernon, Walton County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32462	0.31%	0.74%	0.76%	0.79%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Vernon, Walton County, Florida

When examining property taxes in Vernon, 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 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 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 Vernon. For example, the median home price in Vernon is $51,685, with tax bills ranging significantly across the county. Zip code 32462 has the highest median home price at $51,685.

Property Tax Assessment Values Across Vernon, Walton County, Florida

Source: Ownwell

$51,685

$527,765

$1,003,844

Median Vernon Market Value

$51,685

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 Vernon, Walton County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32462	$12,787	$19,859	$51,685	$99,300	$170,455

Source: Ownwell

Property Tax Bills Across Vernon, Walton County, Florida

In Vernon, Walton County, FL, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. With a median home price of $51,685, homeowners often face tax bills lower than the national median of $2,400. The tax bill at the 25th percentile is $139, while those at the 75th and 90th percentiles are $660 and $1,155, respectively. These figures highlight the variance in property taxes, which can significantly impact homeowners' financial planning. Factors influencing the tax bill include changes in property value, local government budgets, and applicable exemptions. Homeowners can find these taxes burdensome, especially when property values increase. This is where Ownwell steps in, offering expert property tax appeal services. By leveraging local market insights and tax expertise, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share. This service not only aids in financial relief but also provides peace of mind in navigating complex tax assessments.

Property Tax Bills Across Vernon, Walton County, Florida

Source: Ownwell

$294

$4,049

$7,804

Median Vernon Tax Bill

$346

Median Walton County Tax Bill

$2,924

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Vernon, Walton County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32462	$81	$139	$346	$660	$1,155

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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