Average Tax Assessment in Bradford County
Real Estate Values and Property Tax Valuation in Bradford County, Florida
Bradford County has 8,475 properties with a cumulative value of $819.1M. This represents 0.04% of all real estate value in Florida. Property taxes in Bradford County totaled $9.0M, with an average of $1,146 paid by homeowners, which is lower than the state average of $3,597. The average property tax rate in Bradford County is 1.10%, which is lower than the state average of 1.34%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Bradford Clerk / Recorder | (904) 966-6280 |
| Bradford Recorder of Deeds | (570) 265-1702 |
| Bradford Assessor | (603) 938-2094 |
| Bradford Tax Collector | (904) 966-6246 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Bradford County
Residential Property Taxes by Cities in Bradford County
Bradford County has an average property tax rate of 1.10%, which is lower than the average rate in the rest of the state. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Bradford County. For example, the city of Melrose has the highest effective property tax rate at 1.2%, while the city of Lawtey has the lowest effective property tax rate at 1%. This means that homeowners in Melrose will pay more in property taxes than those in Lawtey.
Overall, Bradford County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for homeowners looking to save on their property taxes. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county, so it is important to research the rates in each city before making a decision.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bradford County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooker | $31,860 | $44,696 | $68,377 | $109,882 | $153,557 |
| Hampton | $29,135 | $42,552 | $69,385 | $126,014 | $199,108 |
| Keystone Heights | $60,931 | $81,520 | $119,780 | $181,476 | $241,383 |
| Lawtey | $34,240 | $48,460 | $70,579 | $103,020 | $153,055 |
| Melrose | $51,633 | $94,246 | $155,137 | $248,910 | $341,517 |
| Starke | $30,981 | $47,231 | $70,605 | $104,664 | $152,894 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bradford County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
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Real Estate Values in Bradford County
The data from Redfin shows that the median home price in Bradford County, Florida has decreased significantly from October 2022 to October 2023, dropping by 71.35%. This indicates that the housing market in Bradford County has experienced a significant decline in home prices over the past year. Additionally, the home inventory in Bradford County has also increased from 69 in October 2022 to 79 in October 2023, suggesting that there is an increased supply of homes in the area. Overall, these trends suggest that the housing market in Bradford County is currently in a buyer's market.
Average Home Value in Bradford County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Bradford County
Last updated: November 2023
Percent Change in New Home Listings in Bradford County
Last updated: November 2023
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Mortgage Rates in Bradford County
Bradford County is home to a large number of outstanding home mortgage loans, totaling $246.8 million. This represents a significant portion of the total home value in the county, indicating that many residents are taking advantage of the available financing options. Furthermore, there are 1.9 thousand outstanding loans in the county, indicating that a large number of people are taking advantage of the available financing options.
The median mortgage rate in Bradford County varies across cities, with Lawtey having the highest rate at 4.29%, and Keystone Heights having the lowest rate at 3.92%. This variation in rates across cities indicates that potential borrowers should shop around to find the best rate for their particular situation. Furthermore, the median mortgage rate in Bradford County is lower than the national average, making it an attractive option for potential borrowers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bradford County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooker | $43,608 | $66,043 | $102,638 | $146,547 | $204,058 |
| Hampton | $23,443 | $43,136 | $104,798 | $155,793 | $241,322 |
| Keystone Heights | $63,115 | $92,889 | $140,778 | $202,045 | $277,360 |
| Lawtey | $29,323 | $58,251 | $99,187 | $145,073 | $205,658 |
| Melrose | $61,732 | $83,230 | $150,088 | $212,719 | $283,939 |
| Starke | $28,545 | $59,850 | $104,339 | $157,897 | $225,420 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bradford County.
Housing Expenses in Bradford County, Florida
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