Westville, Florida Property Taxes
The median property tax rate in Westville, FL is 0.65%, considerably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Westville, the typical annual property tax bill reaches $294, significantly below the national median of $2,690. Property taxes in Westville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westville'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 Westville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$342
$323
Ownwell’s Westville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westville 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 Westville, Florida
Property taxes in Westville, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westville is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Westville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westville 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 Westville's effective property tax rate to other counties in Florida and the national median. For comparison, the 32464 zip code in Walton County has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Westville 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 Westville Tax Rate
0.65%
Average Walton County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32464 | 0.27% | 0.36% | 0.65% | 0.98% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Westville, Florida
In Westville, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Westville, 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. Being aware of these valuation processes in Westville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 32464 has both the highest and lowest median tax bills in the area, each at $294.
Average Westville Assessed Value
$52,608
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 Westville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32464 | $12,249 | $22,094 | $52,608 | $101,670 | $148,144 |
Source: Ownwell
Property Tax Bills Across Westville, Florida
In Westville, Walton County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, size, location, and any improvements made. For homeowners in Westville, the median home price is $52,608. Property tax bills can vary widely, with the 25th percentile tax bill at $157 and the 75th percentile at $544. The highest median tax bill in the area is $294, which is significantly below the national median property tax rate of 0.99%. This relatively low tax burden can be a financial relief for homeowners, making Westville an attractive place for property investment. However, understanding these factors and their implications is crucial for effective financial planning.
Average Westville 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 Westville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32464 | $75 | $157 | $294 | $544 | $947 |
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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