Pensacola, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Pensacola, Florida
Pensacola is home to 95,587 properties with a cumulative value of $15.3B. This accounts for 79.47% of all real estate value in Escambia County. Property taxes in Pensacola totaled $161.0M, with an average homeowner paying $1,685 in taxes compared to the county average of $1,756. The average property tax rate in Pensacola is 1.06%, slightly higher than the county average of 1.05%. Properties are valued for tax purposes based on their fair 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 | |
|---|---|
| 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 Pensacola, Florida
Residential Property Tax by ZIP code in Pensacola, Florida
Pensacola has an average property tax rate of 1.06%, which is slightly higher than the average Escambia County property tax rate of 1.05%. However, property tax rates vary significantly across Pensacola ZIP codes. The highest effective property tax rate is 1.25% in the 32502 ZIP code, while the lowest effective property tax rate is 0.94% in the 32534 ZIP code. This variation in property tax rates is due to the differences in home values across ZIP codes. For example, the 32502 ZIP code has higher home values than the 32534 ZIP code, resulting in a higher effective property tax rate.
Overall, Pensacola has a relatively low property tax rate compared to other cities in the state of Florida. This makes it an attractive option for homeowners looking to save money on their property taxes. However, it is important to note that property tax rates can vary significantly across ZIP codes, so it is important to research the effective property tax rate in the area you are considering before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Pensacola, 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 |
|---|---|---|---|---|---|
| 32501 | $40,026 | $66,090 | $105,196 | $196,834 | $313,007 |
| 32502 | $68,640 | $94,774 | $146,635 | $246,466 | $468,044 |
| 32503 | $64,312 | $94,350 | $150,678 | $241,138 | $331,589 |
| 32504 | $77,140 | $105,074 | $146,780 | $194,959 | $284,632 |
| 32505 | $34,565 | $51,471 | $68,562 | $90,217 | $159,255 |
| 32506 | $53,809 | $80,006 | $122,303 | $174,338 | $220,122 |
| 32507 | $28,000 | $72,770 | $147,160 | $263,088 | $392,448 |
| 32514 | $74,141 | $100,658 | $142,193 | $181,069 | $246,989 |
| 32526 | $73,355 | $102,632 | $142,428 | $202,750 | $276,713 |
| 32534 | $53,021 | $82,751 | $120,343 | $156,888 | $194,999 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Pensacola, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32501 | $286 | $567 | $1,070 | $2,144 | $3,992 |
| 32502 | $381 | $842 | $1,728 | $3,475 | $5,882 |
| 32503 | $436 | $696 | $1,464 | $2,671 | $4,111 |
| 32504 | $570 | $939 | $1,493 | $2,366 | $3,528 |
| 32505 | $215 | $404 | $700 | $1,074 | $1,655 |
| 32506 | $354 | $645 | $1,129 | $1,716 | $2,523 |
| 32507 | $188 | $631 | $1,508 | $3,086 | $5,066 |
| 32514 | $506 | $831 | $1,287 | $1,915 | $2,670 |
| 32526 | $465 | $715 | $1,292 | $2,067 | $3,086 |
| 32534 | $361 | $587 | $1,056 | $1,565 | $2,156 |
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 |
|---|---|---|---|---|---|
| 32501 | 0.71% | 0.86% | 1.02% | 1.09% | 1.28% |
| 32502 | 0.56% | 0.89% | 1.18% | 1.41% | 1.26% |
| 32503 | 0.68% | 0.74% | 0.97% | 1.11% | 1.24% |
| 32504 | 0.74% | 0.89% | 1.02% | 1.21% | 1.24% |
| 32505 | 0.62% | 0.78% | 1.02% | 1.19% | 1.04% |
| 32506 | 0.66% | 0.81% | 0.92% | 0.98% | 1.15% |
| 32507 | 0.67% | 0.87% | 1.02% | 1.17% | 1.29% |
| 32514 | 0.68% | 0.83% | 0.91% | 1.06% | 1.08% |
| 32526 | 0.63% | 0.70% | 0.91% | 1.02% | 1.12% |
| 32534 | 0.68% | 0.71% | 0.88% | 1.00% | 1.11% |
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Real Estate Values in Pensacola, Florida
Average Home Value in Pensacola, Florida
Last updated: November 2023
Average home value over time in Pensacola, Florida
Last updated: November 2023
Total unique home listings in Pensacola, Florida
Last updated: November 2023
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Housing Expenses in Pensacola, 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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