Cape Canaveral, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Cape Canaveral, Florida
Cape Canaveral is home to 7,029 properties with a cumulative value of $1.5B, representing 2.78% of all real estate value in Brevard County. Property taxes in Cape Canaveral totaled $16.8M, with an average homeowner paying $2,383 in property taxes compared to the county average of $2,493. The average property tax rate in Cape Canaveral is 1.12%, lower than the county average of 1.15%. Property values for tax purposes are determined by the local government and are based on the market value of the property.
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 Cape Canaveral, Florida
Residential Property Tax by ZIP code in Cape Canaveral, Florida
Cape Canaveral property taxes are collected at an average rate of 1.12%, which is slightly lower than the average rate of 1.15% for Brevard County. This rate varies across ZIP codes, with the highest effective property tax rate in the 32920 ZIP code at 1.12%. The effective property tax rate in other ZIP codes may be lower or higher depending on the value of the homes in that area.
Property tax rates in Cape Canaveral vary across ZIP codes because of differences in home value. Homes in higher-value ZIP codes tend to have higher effective property tax rates, while homes in lower-value ZIP codes tend to have lower effective property tax rates. This means that homeowners in Cape Canaveral can expect to pay different amounts in property taxes depending on the ZIP code in which they live.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Cape Canaveral, Florida. 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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32920 | $66,920 | $126,110 | $199,810 | $283,060 | $348,848 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Cape Canaveral, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32920 | $556 | $1,099 | $2,145 | $3,257 | $4,387 |
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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32920 | 0.83% | 0.87% | 1.07% | 1.15% | 1.26% |
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Real Estate Values in Cape Canaveral, Florida
Average Home Value in Cape Canaveral, Florida
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Cape Canaveral, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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