Average Tax Assessment in Leon County
Real Estate Values and Property Tax Valuation in Leon County, Florida
Leon County has a total of 86,038 properties, with a cumulative value of $16.6B, representing 0.80% of all real estate value in Florida. Property taxes in Leon County totaled $214.3M, with an average homeowner paying $2,491 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Leon County is 1.29%, while the state average is 1.34%. Property taxes are calculated 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 | |
|---|---|
| Leon Clerk | (903) 536-2352 |
| TexasFile Clerk Records | - |
| Leon Clerk / Recorder | (850) 606-4050 |
| 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 Leon County
Residential Property Taxes by Cities in Leon County
Leon County has an average property tax rate of 1.29%, which is slightly lower than the state average of 1.35%. This rate applies to all cities in the county, including Tallahassee, which has the highest effective property tax rate of 1.29%. This rate is slightly lower than the state average, but still higher than the national average of 1.19%.
Property taxes in Leon County vary across cities, with some cities having higher rates than others. For example, Tallahassee has the highest effective property tax rate of 1.29%, while other cities such as Quincy and Woodville have lower rates of 1.22% and 1.17%, respectively. Despite the differences in rates, the average property tax bill in Leon County is still relatively low at $2,491.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Leon 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 |
|---|---|---|---|---|---|
| Tallahassee | $49,140 | $92,985 | $160,073 | $247,293 | $349,950 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Leon County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Tallahassee | $558 | $1,104 | $1,963 | $3,191 | $4,845 |
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 |
|---|---|---|---|---|---|
| Tallahassee | 1.14% | 1.19% | 1.23% | 1.29% | 1.38% |
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Real Estate Values in Leon County
The median home price in Leon County, Florida has increased by 4.76% from October 2022 to October 2023, from $280.0K to $289.1K. This indicates that the housing market in Leon County is strong and that prices are continuing to rise. At the same time, the home inventory in Leon County has decreased from 946 in October 2022 to 888 in October 2023, suggesting that demand is outstripping supply and driving up prices.
Average Home Value in Leon County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Leon County
Last updated: November 2023
Percent Change in New Home Listings in Leon County
Last updated: November 2023
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Mortgage Rates in Leon County
Leon County, Florida has a total of $6.9 billion in outstanding home mortgage loans. This represents 42,400 individual loans, which is a significant amount of money for the county. The median mortgage rate in Leon County is 4.44%, which is slightly lower than the national average. This rate varies slightly across the different cities in the county, with Tallahassee having the highest median rate at 4.44%.
The total outstanding loan amount in Leon County is equivalent to approximately 60% of the total home value in the county. This indicates that the majority of homeowners in the county are taking out loans to purchase their homes. The variation in mortgage rates across the county is relatively small, with Tallahassee having the highest median rate. This indicates that the market for mortgages in Leon County is relatively stable and competitive.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Leon County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Tallahassee | $34,800 | $66,584 | $120,214 | $198,310 | $291,878 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Leon County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Tallahassee | 2.98% | 3.65% | 4.44% | 6.16% | 7.14% |
Housing Expenses in Leon County, Florida
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