Youngstown, Florida Property Taxes
The median property tax rate in Youngstown, FL is 0.69%, which is notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Youngstown, the typical annual property tax bill amounts to $586, significantly below the national median of $2,690. Property taxes in Youngstown 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 Youngstown'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 Youngstown 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
Youngstown, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$577
$546
Ownwell’s Youngstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngstown 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 Youngstown, Florida
Property taxes in Youngstown, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngstown is 0.69%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Youngstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngstown 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 Youngstown's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32466 has the highest median property tax rate of 0.69%, while the lowest median tax rate is also 0.69% in the same zip code. Understanding how these areas compare with Youngstown 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 Youngstown Tax Rate
0.69%
Average Washington County Tax Rate
0.80%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | 0.28% | 0.42% | 0.69% | 1.25% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Youngstown, Florida
In Youngstown, 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 Youngstown, 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 Youngstown is $83,671, with tax bills ranging from $388 at the 25th percentile to $1,626 at the 90th percentile. The zip code 32466 has both the highest and lowest median tax bill at $586. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Youngstown Assessed Value
$83,671
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 Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $34,616 | $50,738 | $83,671 | $127,074 | $174,632 |
Source: Ownwell
Property Tax Bills Across Youngstown, Florida
In Youngstown, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, reflecting the property's market value. Factors such as the home's location, size, and condition play a crucial role in this assessment. Once the assessed value is established, the tax rate, set by local authorities, is applied to calculate the annual tax bill. For homeowners in Washington County, the tax burden can vary significantly. For instance, the tax bill at the 25th percentile is $388, while at the 75th percentile, it rises to $1,062. Those in the 90th percentile can expect to pay around $1,626. These figures highlight the disparity in tax bills within the area. Compared to the national median property tax rate of 0.99%, homeowners in Youngstown experience a range of tax obligations. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Youngstown Tax Bill
$586
Average Washington County Tax Bill
$731
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngstown, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32466 | $161 | $388 | $586 | $1,062 | $1,626 |
Source: Ownwell