Average Tax Assessment in Brevard County
Real Estate Values and Property Tax Valuation in Brevard County, Florida
Brevard County has a total of 247,610 properties with a cumulative value of $53.8B. This accounts for 2.59% of all real estate value in Florida. Property taxes in Brevard County totaled $617.3M, with the average homeowner paying $2,493 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Brevard County is 1.15%, while the state average is 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 | |
|---|---|
| Brevard Tax Collector | (321) 264-6969 |
| Brevard Property Appraiser | (321) 264-6700 |
| 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 Brevard County
Residential Property Taxes by Cities in Brevard County
Brevard County has an average property tax rate of 1.15%, which is slightly lower than the national average of 1.19%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Brevard County are collected by the county and distributed to the various cities and towns within the county. The amount of taxes collected in Brevard County in 2023 was estimated to be $617.3 million.
The effective property tax rate in Brevard County varies across the cities, with Sebastian having the highest rate at 1.66% and Malabar having the lowest rate at 0.97%. The average property tax bill in Brevard County is estimated to be $2,493. Property taxes are an important source of revenue for local governments, and the rates in Brevard County are generally lower than the national average. This makes Brevard County an attractive place to live for those looking for lower property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Brevard 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 |
|---|---|---|---|---|---|
| Cape Canaveral | $66,920 | $126,110 | $199,810 | $283,060 | $348,848 |
| Cocoa Beach | $128,540 | $183,750 | $269,370 | $396,225 | $517,834 |
| Cocoa | $42,332 | $82,280 | $150,890 | $198,490 | $249,900 |
| Grant | $168,704 | $247,108 | $322,975 | $398,405 | $475,202 |
| Indialantic | $154,530 | $229,550 | $323,670 | $434,022 | $561,175 |
| Indian Harbour Beach | $136,980 | $189,320 | $274,720 | $373,710 | $542,652 |
| Malabar | $153,079 | $228,688 | $287,765 | $361,070 | $454,362 |
| Melbourne Beach | $82,158 | $201,950 | $336,340 | $444,905 | $662,126 |
| Melbourne | $95,650 | $144,555 | $209,420 | $278,160 | $377,260 |
| Merritt Island | $97,580 | $156,040 | $249,490 | $349,530 | $476,640 |
| Mims | $32,369 | $68,365 | $133,440 | $237,818 | $329,785 |
| Palm Bay | $95,170 | $127,028 | $162,050 | $197,960 | $232,060 |
| Rockledge | $85,500 | $138,880 | $201,010 | $272,605 | $370,070 |
| Satellite Beach | $195,990 | $229,780 | $292,210 | $361,015 | $512,306 |
| Sebastian | $71,612 | $83,960 | $99,480 | $121,770 | $177,910 |
| Titusville | $65,830 | $92,760 | $137,570 | $202,882 | $274,421 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Brevard County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cape Canaveral | $556 | $1,099 | $2,145 | $3,257 | $4,387 |
| Cocoa Beach | $1,052 | $2,032 | $3,280 | $4,851 | $6,725 |
| Cocoa | $638 | $937 | $1,456 | $2,314 | $3,151 |
| Grant | $1,502 | $2,509 | $3,448 | $4,705 | $5,947 |
| Indialantic | $1,527 | $2,326 | $3,632 | $5,213 | $7,466 |
| Indian Harbour Beach | $1,027 | $1,645 | $2,891 | $4,679 | $7,148 |
| Malabar | $1,032 | $1,659 | $2,603 | $3,733 | $5,087 |
| Melbourne Beach | $1,133 | $2,007 | $3,436 | $5,363 | $7,773 |
| Melbourne | $650 | $1,295 | $2,252 | $3,403 | $4,636 |
| Merritt Island | $847 | $1,449 | $2,438 | $3,759 | $5,302 |
| Mims | $560 | $814 | $1,467 | $2,507 | $3,543 |
| Palm Bay | $544 | $786 | $1,695 | $2,800 | $3,668 |
| Rockledge | $587 | $1,087 | $2,172 | $3,373 | $4,618 |
| Satellite Beach | $1,214 | $2,177 | $3,347 | $5,337 | $7,136 |
| Sebastian | $1,180 | $1,447 | $1,840 | $2,331 | $2,722 |
| Titusville | $537 | $797 | $1,521 | $2,422 | $3,583 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cape Canaveral | 0.83% | 0.87% | 1.07% | 1.15% | 1.26% |
| Cocoa Beach | 0.82% | 1.11% | 1.22% | 1.22% | 1.30% |
| Cocoa | 1.51% | 1.14% | 0.96% | 1.17% | 1.26% |
| Grant | 0.89% | 1.02% | 1.07% | 1.18% | 1.25% |
| Indialantic | 0.99% | 1.01% | 1.12% | 1.20% | 1.33% |
| Indian Harbour Beach | 0.75% | 0.87% | 1.05% | 1.25% | 1.32% |
| Malabar | 0.67% | 0.73% | 0.90% | 1.03% | 1.12% |
| Melbourne Beach | 1.38% | 0.99% | 1.02% | 1.21% | 1.17% |
| Melbourne | 0.68% | 0.90% | 1.08% | 1.22% | 1.23% |
| Merritt Island | 0.87% | 0.93% | 0.98% | 1.08% | 1.11% |
| Mims | 1.73% | 1.19% | 1.10% | 1.05% | 1.07% |
| Palm Bay | 0.57% | 0.62% | 1.05% | 1.41% | 1.58% |
| Rockledge | 0.69% | 0.78% | 1.08% | 1.24% | 1.25% |
| Satellite Beach | 0.62% | 0.95% | 1.15% | 1.48% | 1.39% |
| Sebastian | 1.65% | 1.72% | 1.85% | 1.91% | 1.53% |
| Titusville | 0.82% | 0.86% | 1.11% | 1.19% | 1.31% |
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Real Estate Values in Brevard County
The median home price in Brevard County, Florida decreased by 4.51% from October 2022 to October 2023, from $356.6K to $340.5K. Home inventory in Brevard County remained steady at 3.8K during this period. This suggests that the housing market in Brevard County is relatively stable, with prices remaining relatively consistent.
Average Home Value in Brevard County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Brevard County
Last updated: November 2023
Percent Change in New Home Listings in Brevard County
Last updated: November 2023
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Mortgage Rates in Brevard County
Mortgages in Brevard County are a major part of the local economy, with a total outstanding loan amount of $23.9 billion. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in Brevard County. The number of outstanding loans in the county is 104.4K, which is a testament to the popularity of mortgages in the area.
The median mortgage rate in Brevard County varies across cities, with Cape Canaveral having the highest median rate at 4.5%, and Cocoa having the lowest median rate at 4.5%. This variation in rates across cities is indicative of the competitive nature of the mortgage market in Brevard County, and provides potential homeowners with a range of options when it comes to financing their home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Brevard County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cape Canaveral | $44,832 | $80,992 | $135,597 | $210,380 | $289,238 |
| Cocoa Beach | $61,581 | $106,849 | $184,114 | $287,225 | $432,413 |
| Cocoa | $44,016 | $74,104 | $129,106 | $196,551 | $260,320 |
| Grant | $73,403 | $145,182 | $226,206 | $333,567 | $441,717 |
| Indialantic | $78,998 | $132,048 | $217,293 | $332,163 | $465,487 |
| Indian Harbour Beach | $72,002 | $116,265 | $193,241 | $291,932 | $422,011 |
| Malabar | $82,621 | $129,323 | $212,302 | $314,191 | $430,510 |
| Melbourne Beach | $82,191 | $143,096 | $239,627 | $363,170 | $527,177 |
| Melbourne | $61,676 | $101,696 | $168,217 | $255,936 | $357,614 |
| Merritt Island | $66,886 | $114,416 | $192,415 | $295,279 | $419,512 |
| Mims | $39,887 | $86,779 | $152,063 | $234,097 | $312,095 |
| Palm Bay | $49,625 | $78,711 | $129,758 | $188,272 | $244,352 |
| Rockledge | $61,283 | $100,259 | $161,279 | $245,486 | $347,668 |
| Satellite Beach | $79,628 | $134,312 | $213,271 | $304,164 | $417,258 |
| Sebastian | $27,057 | $51,109 | $85,424 | $127,625 | $188,339 |
| Titusville | $43,389 | $73,753 | $125,873 | $191,248 | $263,196 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Brevard County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cape Canaveral | 2.90% | 3.62% | 4.50% | 6.21% | 7.20% |
| Cocoa Beach | 2.90% | 3.60% | 4.40% | 6.30% | 7.48% |
| Cocoa | 2.98% | 3.70% | 4.50% | 6.30% | 7.53% |
| Grant | 2.96% | 3.60% | 4.30% | 5.93% | 7.23% |
| Indialantic | 2.90% | 3.58% | 4.32% | 6.21% | 7.28% |
| Indian Harbour Beach | 2.93% | 3.57% | 4.17% | 5.89% | 7.18% |
| Malabar | 3.00% | 3.59% | 4.38% | 6.37% | 7.49% |
| Melbourne Beach | 2.90% | 3.60% | 4.40% | 6.31% | 7.51% |
| Melbourne | 2.98% | 3.60% | 4.30% | 5.95% | 7.13% |
| Merritt Island | 2.93% | 3.61% | 4.40% | 6.19% | 7.43% |
| Mims | 2.90% | 3.60% | 4.50% | 6.21% | 7.39% |
| Palm Bay | 2.90% | 3.60% | 4.40% | 5.96% | 7.13% |
| Rockledge | 3.00% | 3.65% | 4.40% | 6.03% | 7.12% |
| Satellite Beach | 2.90% | 3.54% | 4.20% | 5.87% | 7.18% |
| Sebastian | 2.90% | 3.56% | 4.40% | 6.09% | 7.19% |
| Titusville | 2.90% | 3.60% | 4.40% | 5.97% | 7.14% |
Housing Expenses in Brevard County, Florida
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