Average Tax Assessment in Gadsden County
Real Estate Values and Property Tax Valuation in Gadsden County, Florida
Gadsden County has a total of 14,777 properties with a cumulative value of $1.2B. This accounts for 0.06% of all real estate value in Florida. Property taxes in Gadsden County totaled $13.7M, with an average homeowner paying $928 in property taxes compared to the state average of $3,597. The average property tax rate in Gadsden County is 1.10%, lower than the state average of 1.34%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Gadsden Tax Collector | (850) 627-7255 |
| 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 Gadsden County
Residential Property Taxes by Cities in Gadsden County
Gadsden County has an average property tax rate of 1.10%, which is slightly lower than the state average of 1.14%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Gadsden County. For example, the city of Gretna has the highest effective property tax rate at 1.3%, while the city of Chattahoochee has the lowest effective property tax rate at 0.99%. This means that property owners in Gretna will pay more in property taxes than those in Chattahoochee. In 2023, Gadsden County is expected to collect $13.7 million in property taxes, with the average property tax bill being $928. This is slightly higher than the state average of $912. Property taxes are an important source of revenue for Gadsden County, and the county is committed to ensuring that all property owners pay their fair share.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Gadsden 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 |
|---|---|---|---|---|---|
| Chattahoochee | $11,756 | $20,694 | $36,189 | $59,658 | $90,615 |
| Gretna | $14,032 | $19,656 | $32,684 | $55,455 | $84,387 |
| Havana | $24,486 | $42,454 | $84,852 | $154,340 | $223,741 |
| Midway | $30,910 | $76,999 | $125,292 | $150,583 | $183,926 |
| Quincy | $18,377 | $32,440 | $58,314 | $95,800 | $156,335 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Gadsden County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | $110 | $202 | $353 | $545 | $904 |
| Gretna | $147 | $279 | $425 | $641 | $1,116 |
| Havana | $220 | $385 | $763 | $1,538 | $2,450 |
| Midway | $364 | $791 | $1,317 | $1,916 | $2,749 |
| Quincy | $180 | $325 | $564 | $1,106 | $1,826 |
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 |
|---|---|---|---|---|---|
| Chattahoochee | 0.94% | 0.98% | 0.98% | 0.91% | 1.00% |
| Gretna | 1.05% | 1.42% | 1.30% | 1.16% | 1.32% |
| Havana | 0.90% | 0.91% | 0.90% | 1.00% | 1.10% |
| Midway | 1.18% | 1.03% | 1.05% | 1.27% | 1.49% |
| Quincy | 0.98% | 1.00% | 0.97% | 1.15% | 1.17% |
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Real Estate Values in Gadsden County
The median home price in Gadsden County, Florida decreased by 2.19% from October 2022 to October 2023, from $274.0K to $268.0K. This decrease in home prices is accompanied by a decrease in home inventory, from 107 in October 2022 to 90 in October 2023. This suggests that the housing market in Gadsden County is cooling off, with fewer homes available for sale and lower prices.
Average Home Value in Gadsden County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Gadsden County
Last updated: November 2023
Percent Change in New Home Listings in Gadsden County
Last updated: November 2023
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Mortgage Rates in Gadsden County
Gadsden County has an outstanding loan amount of $404.2 million across home mortgages. This amount is spread across 3,700 loans, making it one of the most populous counties in the state. The median mortgage rate in Gadsden County is 4.7%, which is slightly lower than the national average of 4.9%. This rate is higher than the median mortgage rate in Havana, which is 4.4%, and lower than the median mortgage rate in Quincy, which is 5.01%.
The total outstanding loan amount in Gadsden County is equivalent to about 8.2% of the total home value in the county. This is slightly higher than the national average of 8.1%. The variation in mortgage rates across counties is a reflection of the local economic conditions and the availability of credit. Gadsden County has a relatively high median mortgage rate, which indicates that lenders are more likely to offer higher rates in this area.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Gadsden County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | $17,288 | $28,954 | $51,835 | $92,610 | $139,054 |
| Gretna | $13,492 | $22,068 | $40,934 | $72,768 | $109,606 |
| Havana | $31,030 | $55,715 | $103,594 | $168,635 | $238,760 |
| Midway | $69,541 | $88,277 | $111,744 | $146,801 | $183,334 |
| Quincy | $20,614 | $39,531 | $75,860 | $131,438 | $193,150 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Gadsden County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chattahoochee | 3.05% | 3.82% | 4.46% | 5.96% | 7.16% |
| Gretna | 3.01% | 3.68% | 4.75% | 6.39% | 8.00% |
| Havana | 3.00% | 3.69% | 4.40% | 6.00% | 6.87% |
| Midway | 3.25% | 3.84% | 4.75% | 6.10% | 6.52% |
| Quincy | 3.20% | 3.92% | 5.01% | 6.29% | 7.70% |
Housing Expenses in Gadsden County, Florida
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