Morriston, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Morriston, Florida
Morriston is home to 1,784 properties with a cumulative value of $215.6M, making up 11.42% of the total real estate value in Levy County. Property taxes in Morriston totaled $2.5M, with the average homeowner paying $1,384 in taxes, which is slightly lower than the county average of $1,401. 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 | |
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Levy Clerk / Recorder | (352) 486-5266 |
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 Morriston, Florida
Residential Property Tax by ZIP code in Morriston, Florida
Morriston, Florida has an average property tax rate of 1.15%, which is lower than the average Levy County property tax rate of 1.30%. This means that homeowners in Morriston pay slightly less in property taxes than the average Levy County homeowner. However, property tax rates in Morriston vary across ZIP codes. The ZIP code with the highest effective property tax rate is 32668, with a rate of 1.15%. The ZIP code with the lowest effective property tax rate is not known. This variation in property tax rates is due to differences in home values across ZIP codes. For example, homes in higher-value ZIP codes tend to have higher property tax rates than homes in lower-value ZIP codes.
Overall, Morriston has a lower property tax rate than the average Levy County rate. However, property tax rates in Morriston vary across ZIP codes, with the highest rate being 1.15%. This variation is due to differences in home values across ZIP codes, with higher-value ZIP codes having higher property tax rates than lower-value ZIP codes. Property owners in Morriston should be aware of these variations when estimating their property tax bills.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Morriston, 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 |
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32668 | $31,563 | $53,021 | $93,676 | $157,763 | $245,182 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Morriston, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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32668 | $421 | $673 | $1,022 | $1,779 | $2,668 |
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 |
---|---|---|---|---|---|
32668 | 1.33% | 1.27% | 1.09% | 1.13% | 1.09% |
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Real Estate Values in Morriston, Florida
Average Home Value in Morriston, 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 Morriston, 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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