Average Tax Assessment in Columbia County
Real Estate Values and Property Tax Valuation in Columbia County, Florida
Columbia County has 21,883 properties with a cumulative value of $2.5B, representing 0.12% of all real estate value in Florida. The county collected $32.2M in property taxes from these properties, with an average homeowner paying $1,475 in property taxes compared to the state average of $3,597. The average property tax rate in Columbia County is 1.29%, 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 | |
|---|---|
| Columbia Register of Deeds | (608) 742-9677 |
| Columbia Assessor | (860) 228-0230 |
| Columbia Auditor / Recorder | (509) 382-4541 |
| Columbia Clerk of Court | (706) 312-7139 |
| 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 Columbia County
Residential Property Taxes by Cities in Columbia County
Columbia County has an average property tax rate of 1.29%, which is slightly lower than the state average of 1.35%. This rate is applied to all properties in the county, regardless of location. However, there are some variations in the effective property tax rate across the cities in Columbia County. The city with the highest effective property tax rate is High Springs, at 1.33%, while the city with the lowest effective property tax rate is Lake City, at 1.28%. This means that property owners in High Springs will pay slightly more in property taxes than those in Lake City. Overall, Columbia County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for property owners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Columbia 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 |
|---|---|---|---|---|---|
| Fort White | $30,675 | $48,552 | $81,410 | $137,090 | $202,645 |
| High Springs | $26,693 | $42,735 | $71,818 | $131,131 | $233,480 |
| Lake City | $32,045 | $56,466 | $99,694 | $157,253 | $227,600 |
| White Springs | $29,654 | $43,592 | $64,513 | $101,239 | $144,731 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Columbia County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort White | $497 | $767 | $1,089 | $1,703 | $2,480 |
| High Springs | $438 | $668 | $1,022 | $1,688 | $2,990 |
| Lake City | $530 | $803 | $1,236 | $1,967 | $2,871 |
| White Springs | $434 | $626 | $876 | $1,223 | $1,867 |
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 |
|---|---|---|---|---|---|
| Fort White | 1.62% | 1.58% | 1.34% | 1.24% | 1.22% |
| High Springs | 1.64% | 1.56% | 1.42% | 1.29% | 1.28% |
| Lake City | 1.65% | 1.42% | 1.24% | 1.25% | 1.26% |
| White Springs | 1.46% | 1.44% | 1.36% | 1.21% | 1.29% |
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Real Estate Values in Columbia County
The data from Redfin shows that home prices in Columbia County, Florida have increased significantly from October 2022 to October 2023. The median home price in October 2023 was $425.0K, which is 124.87% higher than the median home price in October 2022, which was $189.0K. Additionally, the home inventory in Columbia County increased from 185 in October 2022 to 205 in October 2023. This indicates that the housing market in Columbia County is strong and that home prices are likely to continue to increase in the future.
Average Home Value in Columbia County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Columbia County
Last updated: November 2023
Percent Change in New Home Listings in Columbia County
Last updated: November 2023
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Mortgage Rates in Columbia County
Columbia County has a total outstanding loan amount of $785.6M across home mortgages. This represents 6.8K outstanding loans in the county, which is a significant amount of money. The median mortgage rate in Columbia County varies across cities, with High Springs having the highest rate at 4.83% and Lake City having the lowest rate at 4.38%. This variation in rates can make a significant difference in the total amount of money that a homeowner pays over the life of their loan. The total outstanding loan amount in Columbia County is a significant percentage of the total home value in the county, indicating that mortgages are an important part of the local economy.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Columbia County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort White | $16,282 | $37,472 | $81,349 | $140,857 | $216,001 |
| High Springs | $23,498 | $36,785 | $66,063 | $107,522 | $166,309 |
| Lake City | $28,211 | $55,370 | $101,514 | $158,753 | $227,222 |
| White Springs | $16,156 | $33,999 | $69,056 | $114,271 | $174,447 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Columbia County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort White | 3.00% | 3.79% | 4.62% | 6.25% | 8.00% |
| High Springs | 3.00% | 3.89% | 4.83% | 6.42% | 8.00% |
| Lake City | 2.90% | 3.58% | 4.38% | 5.84% | 6.85% |
| White Springs | 3.16% | 3.79% | 4.75% | 6.05% | 7.55% |
Housing Expenses in Columbia County, Florida
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