Cottondale, Washington County, Florida Property Taxes

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

Median Cottondale, FL effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Cottondale, FL home value: $70,053
Median annual Cottondale, FL tax bill: $524, $1,876 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Cottondale, Washington County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$476

$442

Ownwell’s Cottondale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cottondale with just two data points. By entering your property's estimated assessed value, our calculator applies Cottondale’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 Washington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cottondale, Washington County, Florida

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. In Cottondale, located in Washington County, the effective property tax rate stands at 0.68%. This is significantly lower than the national median property tax rate of 1.02%. When you compare Cottondale’s rate to other cities in Florida, it remains competitive, as the state itself has a median property tax rate lower than the national average. This lower rate can translate into substantial savings for property owners in Cottondale, making it an attractive location for those looking to minimize their property tax burden. Understanding these differences can help homeowners make informed decisions about where to live and invest.

Property Tax Rates Across Cottondale, Washington County, Florida

Source: Ownwell

0.68%

0.95%

1.22%

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 Cottondale Tax Rate

0.68%

Median Effective Washington County Tax Rate

0.80%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cottondale, Washington County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32431	0.29%	0.48%	0.68%	1.28%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Cottondale, Washington County, Florida

When examining property taxes in Cottondale, FL, 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 Washington 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.

Assessment notices: In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Cottondale. For example, the median home price in Cottondale is $70,053, with tax bills ranging significantly across the county. The 32431 zip code has the highest median home price at $70,053.

Property Tax Assessment Values Across Cottondale, Washington County, Florida

Source: Ownwell

$62,285

$81,685

$101,085

Median Cottondale Market Value

$70,053

Median Washington County Market Value

$92,402

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cottondale, Washington County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32431	$29,040	$45,404	$70,053	$115,484	$176,910

Source: Ownwell

Property Tax Bills Across Cottondale, Washington County, Florida

Property tax bills in Cottondale, Washington County, FL, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, market trends, and improvements can influence the assessed value. In Cottondale, the median home price is $70,053, with tax bills ranging from $320 at the 25th percentile to $2,029 at the 90th percentile. The median tax bill in Cottondale is $524, significantly lower than the national median of $2,400. This lower tax burden can be beneficial for homeowners, but it also means that any increase in assessed value or tax rates can have a noticeable impact. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing incorrect assessments or securing eligible exemptions, Ownwell helps reduce property tax bills, ensuring homeowners only pay their fair share.

Property Tax Bills Across Cottondale, Washington County, Florida

Source: Ownwell

$386

$635

$884

Median Cottondale Tax Bill

$524

Median Washington County Tax Bill

$731

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Cottondale, Washington County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32431	$171	$320	$524	$905	$2,029

Source: Ownwell