Average Tax Assessment in Escambia County
Real Estate Values and Property Tax Valuation in Escambia County, Florida
There are a total of 114,895 properties in Escambia County, Florida, with a cumulative value of $19.2B. This accounts for 0.92% of all real estate value in the state. Property taxes in Escambia County totaled $201.7M, with an average homeowner paying $1,756 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Escambia County is 1.05%, which is lower than the state average of 1.34%. Properties are valued for tax purposes based on their market value, which is determined by the local property appraiser.
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 | |
|---|---|
| Escambia Clerk / Recorder | (850) 595-3930 |
| Escambia Judge of Probate | (251) 867-0301 |
| 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 Escambia County
Residential Property Taxes by Cities in Escambia County
Escambia County has an average property tax rate of 1.05%, which is slightly lower than the state average of 1.07%. This rate applies to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly from city to city. For example, Gulf Breeze has the highest effective property tax rate in the county at 1.24%, while Mc David has the lowest at 0.84%. This means that property owners in Gulf Breeze will pay more in taxes than those in Mc David.
Overall, Escambia County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective rate can vary significantly from city to city. Property owners should research the effective rate in their city before making any decisions about buying or selling property in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Escambia 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 |
|---|---|---|---|---|---|
| Cantonment | $68,333 | $111,459 | $179,562 | $229,489 | $290,085 |
| Century | $15,417 | $37,677 | $71,210 | $117,487 | $164,879 |
| Gulf Breeze | $74,864 | $147,050 | $267,788 | $446,365 | $733,766 |
| Mc David | $24,976 | $50,962 | $97,293 | $151,764 | $199,477 |
| Molino | $37,596 | $74,991 | $136,113 | $215,249 | $296,146 |
| Pensacola | $52,193 | $82,141 | $130,077 | $196,427 | $291,126 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Escambia County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cantonment | $418 | $794 | $1,490 | $2,285 | $3,138 |
| Century | $130 | $307 | $598 | $1,015 | $1,583 |
| Gulf Breeze | $1,041 | $2,105 | $3,590 | $5,446 | $8,687 |
| Mc David | $153 | $376 | $672 | $1,196 | $1,863 |
| Molino | $253 | $521 | $1,046 | $1,858 | $2,929 |
| Pensacola | $346 | $647 | $1,223 | $2,110 | $3,425 |
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 |
|---|---|---|---|---|---|
| Cantonment | 0.61% | 0.71% | 0.83% | 1.00% | 1.08% |
| Century | 0.84% | 0.81% | 0.84% | 0.86% | 0.96% |
| Gulf Breeze | 1.39% | 1.43% | 1.34% | 1.22% | 1.18% |
| Mc David | 0.61% | 0.74% | 0.69% | 0.79% | 0.93% |
| Molino | 0.67% | 0.69% | 0.77% | 0.86% | 0.99% |
| Pensacola | 0.66% | 0.79% | 0.94% | 1.07% | 1.18% |
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Real Estate Values in Escambia County
The data from Redfin shows that home prices in Escambia County, Florida have increased by 9.05% from October 2022 to October 2023. This is a significant increase in home prices, indicating that the housing market in Escambia County is strong and growing. Additionally, the home inventory in Escambia County has also increased from 1.7K in October 2022 to 1.9K in October 2023, indicating that there is an increased demand for housing in the area. Overall, the data from Redfin suggests that the housing market in Escambia County, Florida is healthy and growing.
Average Home Value in Escambia County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Escambia County
Last updated: November 2023
Percent Change in New Home Listings in Escambia County
Last updated: November 2023
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Mortgage Rates in Escambia County
Mortgages in Escambia County are a significant part of the local economy, with a total outstanding loan amount of $7.2 billion. This represents 47.1 thousand outstanding loans, which is a significant portion of the total home value in the county. The median mortgage rate in Escambia County varies significantly across cities, with Gulf Breeze having the highest rate of 6.01%, while Cantonment has the lowest rate of 4.3%. This variation in rates can have a significant impact on the affordability of homeownership in the county.
Overall, mortgages in Escambia County are an important part of the local economy and can have a significant impact on the affordability of homeownership. The total outstanding loan amount of $7.2 billion and the variation in rates across cities can have a significant effect on the cost of homeownership in the county. It is important for potential homeowners to research the different rates available in the county in order to find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Escambia County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cantonment | $49,219 | $90,660 | $144,819 | $211,111 | $274,895 |
| Century | $16,845 | $42,386 | $77,221 | $130,457 | $176,083 |
| Gulf Breeze | $81,515 | $137,356 | $251,602 | $390,476 | $528,698 |
| Mc David | $17,545 | $53,968 | $95,606 | $146,676 | $206,577 |
| Molino | $27,908 | $69,730 | $130,087 | $203,922 | $286,679 |
| Pensacola | $35,987 | $66,609 | $119,939 | $193,983 | $282,520 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Escambia County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cantonment | 2.90% | 3.59% | 4.30% | 5.86% | 7.02% |
| Century | 3.12% | 3.87% | 4.93% | 6.31% | 7.50% |
| Gulf Breeze | 3.13% | 5.16% | 6.01% | 7.06% | 7.95% |
| Mc David | 3.20% | 3.70% | 4.40% | 6.10% | 7.17% |
| Molino | 2.97% | 3.70% | 4.40% | 6.16% | 7.25% |
| Pensacola | 2.96% | 3.60% | 4.40% | 6.05% | 7.11% |
Housing Expenses in Escambia County, Florida
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