Hobe Sound, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Hobe Sound, Florida
Hobe Sound is home to 10,659 properties with a cumulative value of $5.9B. This accounts for 23.82% of all real estate value in Martin County. Property taxes in Hobe Sound totaled $84.7M, with the average homeowner paying $7,979 in property taxes compared to the county average of $4,806. The average property tax rate in Hobe Sound is 1.45%, while the county average is 1.37%. Property taxes are based on the assessed value of the property, which is determined by the local government.
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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Martin Appraisal District | (432) 756-2823 |
TexasFile Clerk Records | - |
Martin Clerk / Recorder | (772) 288-5576 |
Martin Assessor | (507) 238-3210 |
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 Hobe Sound, Florida
Residential Property Tax by ZIP code in Hobe Sound, Florida
Hobe Sound property taxes are collected at an average rate of 1.45%, which is slightly higher than the average rate of 1.37% for Martin County as a whole. This rate can vary across ZIP codes, with the highest effective property tax rate in Hobe Sound being 1.45% in ZIP code 33455. The lowest effective property tax rate in Hobe Sound is not available, but it is likely to be lower than the average rate.
The variation in property tax rates across ZIP codes in Hobe Sound is due to differences in home values. Homes in higher-value ZIP codes tend to have higher property tax rates, while homes in lower-value ZIP codes tend to have lower property tax rates. This means that homeowners in Hobe Sound should be aware of the property tax rate in their ZIP code when considering the cost of owning a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Hobe Sound, 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 |
---|---|---|---|---|---|
33455 | $81,048 | $140,005 | $257,640 | $375,445 | $670,616 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Hobe Sound, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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33455 | $814 | $1,677 | $3,107 | $5,267 | $9,924 |
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 |
---|---|---|---|---|---|
33455 | 1.00% | 1.20% | 1.21% | 1.40% | 1.48% |
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Real Estate Values in Hobe Sound, Florida
Average Home Value in Hobe Sound, 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 Hobe Sound, 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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