Average Tax Assessment in Nassau County
Real Estate Values and Property Tax Valuation in Nassau County, Florida
Nassau County has 38,891 properties with a total real estate value of $11.7B, representing 0.56% of all real estate value in Florida. Property taxes in Nassau County totaled $144.9M, with an average property tax rate of 1.24%, lower than the state average of 1.34%. The average Nassau County homeowner pays $3,789 in property taxes, slightly higher than 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 | |
|---|---|
| Nassau Treasurer | (516) 571-2090 |
| Nassau Property Appraiser | (904) 491-7300 |
| Nassau County Clerk | (516) 571-2660 |
| Nassau Clerk / Recorder | (904) 548-4600 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Nassau County
Residential Property Taxes by Cities in Nassau County
Nassau County has an average property tax rate of 1.24%, which is slightly lower than the national average of 1.31%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Nassau County is $3,789, which is slightly higher than the national average of $3,498.
Property tax rates vary across cities in Nassau County. Fernandina Beach has the highest effective property tax rate of 1.34%, while Hilliard has the lowest effective property tax rate of 0.85%. This means that homeowners in Fernandina Beach will pay more in property taxes than those in Hilliard. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Nassau County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Nassau 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 |
|---|---|---|---|---|---|
| Bryceville | $73,115 | $112,373 | $176,835 | $233,101 | $290,799 |
| Callahan | $58,055 | $93,196 | $156,354 | $234,053 | $304,178 |
| Fernandina Beach | $148,509 | $219,627 | $316,184 | $460,000 | $688,882 |
| Hilliard | $64,258 | $100,165 | $150,658 | $218,464 | $316,378 |
| Yulee | $81,433 | $137,923 | $190,553 | $238,755 | $294,143 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Nassau County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bryceville | $446 | $808 | $1,460 | $2,150 | $2,952 |
| Callahan | $412 | $693 | $1,384 | $2,241 | $3,249 |
| Fernandina Beach | $1,255 | $2,373 | $4,158 | $6,696 | $10,271 |
| Hilliard | $417 | $686 | $1,267 | $2,044 | $3,047 |
| Yulee | $512 | $1,183 | $2,124 | $3,078 | $3,943 |
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 |
|---|---|---|---|---|---|
| Bryceville | 0.61% | 0.72% | 0.83% | 0.92% | 1.02% |
| Callahan | 0.71% | 0.74% | 0.89% | 0.96% | 1.07% |
| Fernandina Beach | 0.85% | 1.08% | 1.32% | 1.46% | 1.49% |
| Hilliard | 0.65% | 0.68% | 0.84% | 0.94% | 0.96% |
| Yulee | 0.63% | 0.86% | 1.11% | 1.29% | 1.34% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Nassau County
The data from Redfin shows that home prices in Nassau County, Florida have increased significantly from October 2022 to October 2023. The median home price in October 2023 was $587.2K, which is 46.07% higher than the median home price in October 2022 of $402.0K. This indicates that the housing market in Nassau County is strong and that demand for homes is high. Additionally, the home inventory in Nassau County decreased from 762 in October 2022 to 608 in October 2023, which further suggests that the housing market is competitive and that homes are selling quickly.
Average Home Value in Nassau County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Nassau County
Last updated: November 2023
Percent Change in New Home Listings in Nassau County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Nassau County
Nassau County is home to a large number of outstanding home mortgage loans, totaling $5.3 billion. This amount represents 17.6 thousand individual loans, which is a significant portion of the total home value in the county. The median mortgage rate in Nassau County varies across cities, with Bryceville having the highest rate at 4.39%, and Fernandina Beach having the lowest rate at 3.97%. This variation in rates can be attributed to the different economic and housing markets in each city, as well as the individual creditworthiness of borrowers. Overall, the total outstanding loan amount in Nassau County is a testament to the strength of the local housing market and the willingness of lenders to provide financing to qualified borrowers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Nassau County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bryceville | $55,144 | $81,473 | $139,831 | $201,906 | $249,177 |
| Callahan | $45,447 | $84,055 | $138,685 | $218,026 | $294,776 |
| Fernandina Beach | $80,401 | $135,934 | $222,901 | $328,482 | $473,766 |
| Hilliard | $39,306 | $69,098 | $119,707 | $194,942 | $285,671 |
| Yulee | $73,563 | $116,410 | $172,883 | $235,140 | $301,504 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Nassau County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bryceville | 2.90% | 3.62% | 4.39% | 5.71% | 6.54% |
| Callahan | 2.90% | 3.55% | 4.25% | 5.62% | 6.52% |
| Fernandina Beach | 2.90% | 3.40% | 3.97% | 4.80% | 6.18% |
| Hilliard | 2.93% | 3.57% | 4.30% | 5.74% | 6.78% |
| Yulee | 2.90% | 3.48% | 4.04% | 5.10% | 6.23% |
Housing Expenses in Nassau County, Florida
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.