Graceville, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Graceville, Florida
The city of Graceville has 317 properties with a cumulative value of $21.9M, representing 7.31% of all real estate value in Holmes County. Property taxes in Graceville totaled $182.0K, with an average of $574 per homeowner compared to the county average of $562. The average property tax rate in Graceville is 0.83%, lower than the county average of 0.89%. 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 | |
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Holmes Chancery Clerk | (662) 834-2508 |
Holmes Clerk / Recorder | (850) 547-1100 |
Holmes Recorder | (330) 674-5916 |
Important Dates | |
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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 | |
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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 Graceville, Florida
Residential Property Tax by ZIP code in Graceville, Florida
Graceville, Florida has an average property tax rate of 0.83%, which is slightly lower than the average Holmes County property tax rate of 0.89%. Property taxes in Graceville are collected on an annual basis, and in 2023 the total amount collected was $574. Property tax rates vary across Graceville ZIP codes, with the highest effective rate being 0.83% in ZIP code 32440 and the lowest rate being in an unspecified ZIP code. This variation in rates is due to differences in home values across the different ZIP codes.
Overall, Graceville has a slightly lower property tax rate than the rest of Holmes County, but the rates still vary across ZIP codes. This is due to the differences in home values across the different ZIP codes, which affects the amount of taxes that are collected. Knowing the effective property tax rate for each ZIP code can help homeowners plan their budgets accordingly.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Graceville, 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 |
---|---|---|---|---|---|
32440 | $24,111 | $36,947 | $59,204 | $93,033 | $126,103 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Graceville, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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32440 | $13 | $177 | $445 | $839 | $1,280 |
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 |
---|---|---|---|---|---|
32440 | 0.05% | 0.48% | 0.75% | 0.90% | 1.02% |
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Real Estate Values in Graceville, Florida
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Average Home Value in Graceville, Florida
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Graceville, 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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