Average Tax Assessment in Hamilton County
Real Estate Values and Property Tax Valuation in Hamilton County, Florida
Hamilton County has a total of 3,614 properties with a cumulative value of $268.2M. This represents 0.01% of all real estate value in Florida. Property taxes in Hamilton County totaled $2.6M, with an average of $794 per homeowner, which is significantly lower than the state average of $3,597. The average property tax rate in Hamilton County is 0.98%, while the state average is 1.34%. Properties are typically valued for tax purposes based on their estimated 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 | |
|---|---|
| Hamilton Clerk | (254) 386-1205 |
| TexasFile Clerk Records | - |
| Hamilton Register of Deeds | (423) 209-6560 |
| Hamilton Auditor | (513) 946-4000 4 |
| 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 Hamilton County
Residential Property Taxes by Cities in Hamilton County
Hamilton County has an average property tax rate of 0.98%, which is slightly lower than the state average of 1.02%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Hamilton County property tax bill is $794, which is lower than the state average of $1,092.
Property tax rates vary across the cities in Hamilton County. White Springs has the highest effective property tax rate at 1.03%, while Jasper has the lowest effective property tax rate at 0.95%. This means that property owners in White Springs will pay more in taxes than those in Jasper. However, the difference in rates is relatively small, so the difference in taxes paid is not significant.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hamilton 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 |
|---|---|---|---|---|---|
| Jasper | $23,162 | $37,825 | $58,952 | $89,286 | $131,240 |
| Jennings | $24,716 | $40,088 | $62,382 | $105,732 | $162,844 |
| White Springs | $21,185 | $34,998 | $56,398 | $90,022 | $135,682 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hamilton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Jasper | $145 | $314 | $546 | $949 | $1,516 |
| Jennings | $145 | $352 | $595 | $1,098 | $1,939 |
| White Springs | $159 | $330 | $568 | $1,025 | $1,778 |
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 |
|---|---|---|---|---|---|
| Jasper | 0.63% | 0.83% | 0.93% | 1.06% | 1.16% |
| Jennings | 0.59% | 0.88% | 0.95% | 1.04% | 1.19% |
| White Springs | 0.75% | 0.94% | 1.01% | 1.14% | 1.31% |
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Real Estate Values in Hamilton County
Home prices in Hamilton County have remained relatively stable from October 2022 to October 2023, with the median home price staying at $163.5K. However, the home inventory has increased from 23 to 32, indicating that there is more housing available in the area. This could indicate that the market is becoming more competitive, and buyers may have more options when looking for a home.
Average Home Value in Hamilton County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Hamilton County
Last updated: November 2023
Percent Change in New Home Listings in Hamilton County
Last updated: November 2023
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Mortgage Rates in Hamilton County
Mortgages in Hamilton County are a major source of financing for homeowners. According to recent data, there is a total of $50.4 million in outstanding loan amounts across home mortgages in the county. This is spread across 560 loans, representing a significant portion of the total home value in the area.
The median mortgage rate in Hamilton County varies across cities. Jennings has the highest median mortgage rate at 4.4%, while White Springs has the lowest at 3.98%. This variation in rates across counties can be beneficial for homeowners, as it allows them to shop around for the best rate and terms that suit their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hamilton County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Jasper | $23,378 | $40,157 | $66,303 | $111,142 | $167,799 |
| Jennings | $20,920 | $41,760 | $70,588 | $126,509 | $185,368 |
| White Springs | $25,195 | $57,097 | $83,491 | $131,255 | $173,516 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hamilton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Jasper | 2.90% | 3.42% | 4.12% | 5.12% | 6.30% |
| Jennings | 3.00% | 3.67% | 4.40% | 5.54% | 6.36% |
| White Springs | 2.90% | 3.44% | 3.98% | 4.90% | 6.00% |
Housing Expenses in Hamilton County, Florida
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