Caryville, Florida Property Taxes
The median property tax rate in Caryville, FL is 0.81%, notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $69,740 in Caryville, the typical annual property tax bill amounts to $501, which is significantly below the national median of $2,690. Property taxes in Caryville are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Caryville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Caryville 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
Caryville, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$565
$535
Ownwell’s Caryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caryville 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 Caryville, Florida
Property taxes in Caryville, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caryville is 0.81%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Caryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caryville 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 Caryville's effective property tax rate to other counties in Florida and the national median. For comparison, the 32427 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Caryville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caryville Tax Rate
0.81%
Average Washington County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32427 | 0.25% | 0.45% | 0.81% | 1.28% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Caryville, Florida
In Caryville, 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 Washington 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 Caryville, 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 Caryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price is $69,740, with tax bills ranging from $306 at the 25th percentile to $1,427 at the 90th percentile. The highest and lowest median tax bills are both $501 in the 32427 zip code.
Average Caryville Assessed Value
$69,740
Average Washington County Assessed Value
$92,402
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32427 | $23,579 | $40,788 | $69,740 | $111,392 | $155,607 |
Source: Ownwell
Property Tax Bills Across Caryville, Florida
In Caryville, located in Washington County, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county property appraiser and reflects the market value of your home. This value is then multiplied by the local tax rate to calculate your annual property tax bill. For homeowners in Caryville, the median home price stands at $69,740. Property tax bills can vary significantly, with the 25th percentile tax bill at $306 and the 75th percentile reaching $899. The highest median tax bill recorded in the area is $501, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated is crucial for financial planning and managing yearly expenses. Lower property taxes in Caryville can make homeownership more affordable compared to other regions.
Average Caryville Tax Bill
$501
Average Washington County Tax Bill
$731
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Caryville, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32427 | $145 | $306 | $501 | $899 | $1,427 |
Source: Ownwell