Average Tax Assessment in Jackson County
Real Estate Values and Property Tax Valuation in Jackson County, Florida
Jackson County has 15,744 properties with a cumulative value of $1.5B, representing 0.07% of all real estate value in Florida. The average property tax rate in Jackson County is 0.77%, which is lower than the state average of 1.34%. A total of $11.5M was collected in property taxes in Jackson County across these 15,744 properties, with the average homeowner paying $728 in property taxes compared to the state average of $3,597. 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Jackson Clerk | (361) 782-3563 |
| Jackson Treasurer | (517) 788-4418 |
| Jackson Assessor | (970) 723-4751 |
| 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 Jackson County
Residential Property Taxes by Cities in Jackson County
Jackson County has an average property tax rate of 0.77%, which is lower than the national average of 1.08%. This makes Jackson County an attractive place to live for those looking to keep their property taxes low. However, property tax rates vary significantly across the cities in Jackson County. Alford has the highest effective property tax rate at 0.88%, while Malone has the lowest at 0.47%. This means that property owners in Alford will pay significantly more in property taxes than those in Malone. This disparity in property tax rates across Jackson County highlights the importance of researching local tax rates before making a decision on where to buy a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Jackson 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 |
|---|---|---|---|---|---|
| Alford | $23,929 | $37,156 | $72,242 | $124,489 | $201,466 |
| Bascom | $24,187 | $38,268 | $68,092 | $119,762 | $193,004 |
| Campbellton | $20,015 | $32,682 | $52,344 | $89,748 | $156,077 |
| Cottondale | $21,848 | $34,774 | $59,970 | $108,871 | $181,041 |
| Graceville | $24,497 | $39,580 | $64,523 | $111,556 | $178,596 |
| Grand Ridge | $23,666 | $35,130 | $63,452 | $113,550 | $172,074 |
| Greenwood | $23,209 | $35,615 | $60,819 | $98,882 | $152,340 |
| Malone | $21,963 | $36,511 | $55,138 | $88,072 | $157,028 |
| Marianna | $23,463 | $40,054 | $74,322 | $134,698 | $207,888 |
| Sneads | $20,233 | $32,795 | $59,186 | $96,387 | $160,157 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Jackson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alford | $14 | $227 | $526 | $1,131 | $1,986 |
| Bascom | $10 | $191 | $417 | $791 | $1,435 |
| Campbellton | $6 | $166 | $374 | $686 | $1,203 |
| Cottondale | $8 | $211 | $426 | $824 | $1,380 |
| Graceville | $82 | $285 | $513 | $943 | $1,557 |
| Grand Ridge | $22 | $212 | $403 | $758 | $1,330 |
| Greenwood | $3 | $185 | $395 | $706 | $1,252 |
| Malone | $0 | $183 | $418 | $726 | $1,322 |
| Marianna | $43 | $268 | $550 | $1,151 | $1,924 |
| Sneads | $35 | $220 | $413 | $732 | $1,324 |
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 |
|---|---|---|---|---|---|
| Alford | 0.06% | 0.61% | 0.73% | 0.91% | 0.99% |
| Bascom | 0.04% | 0.50% | 0.61% | 0.66% | 0.74% |
| Campbellton | 0.03% | 0.51% | 0.71% | 0.76% | 0.77% |
| Cottondale | 0.04% | 0.61% | 0.71% | 0.76% | 0.76% |
| Graceville | 0.33% | 0.72% | 0.80% | 0.85% | 0.87% |
| Grand Ridge | 0.09% | 0.60% | 0.64% | 0.67% | 0.77% |
| Greenwood | 0.01% | 0.52% | 0.65% | 0.71% | 0.82% |
| Malone | 0.00% | 0.50% | 0.76% | 0.82% | 0.84% |
| Marianna | 0.18% | 0.67% | 0.74% | 0.85% | 0.93% |
| Sneads | 0.17% | 0.67% | 0.70% | 0.76% | 0.83% |
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Real Estate Values in Jackson County
The median home price in Jackson County, Florida decreased by 22.18% from October 2022 to October 2023, from $164.8K to $140.0K. This decrease in home prices was accompanied by a decrease in home inventory, from 133 in October 2022 to 126 in October 2023. This suggests that the housing market in Jackson County is cooling off, with fewer homes available and lower prices.
Average Home Value in Jackson County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Jackson County
Last updated: November 2023
Percent Change in New Home Listings in Jackson County
Last updated: November 2023
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Mortgage Rates in Jackson County
Mortgages in Jackson County are a major source of financing for homeowners. According to recent statistics, there is a total of $321.6M in outstanding loan amounts across home mortgages in the county. This is equivalent to 3.1K outstanding loans. The median mortgage rate in Jackson County varies significantly across cities, with Campbellton having the highest median mortgage rate at 5.49%, and Malone having the lowest median mortgage rate at 4.21%. This variation in rates across counties can be attributed to the different economic conditions in each city.
Overall, the total outstanding loan amount across home mortgages in Jackson County is equivalent to approximately 8.7% of the total home value in the county. This indicates that mortgages are a major source of financing for homeowners in Jackson County, and that the variation in rates across cities can have a significant impact on the affordability of mortgages for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Jackson County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alford | $24,194 | $46,598 | $89,876 | $145,651 | $238,870 |
| Bascom | $18,710 | $31,728 | $69,761 | $105,124 | $212,723 |
| Campbellton | $15,844 | $25,952 | $61,907 | $108,795 | $164,220 |
| Cottondale | $17,066 | $40,643 | $74,426 | $119,169 | $178,335 |
| Graceville | $21,299 | $40,993 | $81,107 | $131,958 | $195,923 |
| Grand Ridge | $18,498 | $37,181 | $68,297 | $115,970 | $168,415 |
| Greenwood | $19,876 | $33,880 | $64,685 | $102,088 | $168,230 |
| Malone | $24,747 | $37,047 | $71,017 | $114,562 | $158,873 |
| Marianna | $25,767 | $50,918 | $94,338 | $145,944 | $199,795 |
| Sneads | $16,489 | $37,926 | $64,267 | $110,712 | $154,906 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Jackson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alford | 2.90% | 3.60% | 4.37% | 5.79% | 6.53% |
| Bascom | 3.11% | 3.75% | 4.47% | 5.97% | 7.00% |
| Campbellton | 3.08% | 3.49% | 5.49% | 6.46% | 8.13% |
| Cottondale | 2.90% | 3.61% | 4.40% | 5.85% | 6.74% |
| Graceville | 2.96% | 3.55% | 4.37% | 5.78% | 6.62% |
| Grand Ridge | 3.00% | 3.73% | 4.47% | 6.09% | 7.02% |
| Greenwood | 3.17% | 3.76% | 4.50% | 6.17% | 7.12% |
| Malone | 2.90% | 3.52% | 4.21% | 5.75% | 6.67% |
| Marianna | 2.90% | 3.60% | 4.40% | 5.98% | 6.87% |
| Sneads | 2.96% | 3.75% | 4.50% | 6.09% | 6.72% |
Housing Expenses in Jackson County, Florida
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