Niceville, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Niceville, Florida
The city of Niceville has 13,241 properties with a cumulative value of $3.9B, representing 17.68% of all real estate value in Okaloosa County. Property taxes in Niceville totaled $35.3M, with an average homeowner paying $2,744 in taxes compared to the county average of $2,554. The average property tax rate in Niceville is 0.90% while the county average is 0.99%. Properties are valued for tax purposes based on their fair 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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Okaloosa Clerk / Recorder | (850) 689-5000 |
Okaloosa Tax Collector | (850) 651-7300 |
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 Niceville, Florida
Residential Property Tax by ZIP code in Niceville, Florida
Niceville, Florida has an average property tax rate of 0.90%, which is lower than the average rate of 0.99% for Okaloosa County. This means that homeowners in Niceville pay slightly less in property taxes than the average homeowner in the county. However, property tax rates in Niceville vary across ZIP codes. The ZIP code with the highest effective property tax rate is 32578, with a rate of 0.9%. This rate is slightly higher than the average rate for Niceville, but still lower than the county average. On the other hand, the ZIP code with the lowest effective property tax rate is not known.
The variation in property tax rates across Niceville ZIP codes is due to differences in home values. Homes in higher-valued ZIP codes tend to have higher property tax rates, while homes in lower-valued ZIP codes tend to have lower property tax rates. This means that homeowners in Niceville can save money on their property taxes by living in a ZIP code with a lower effective property tax rate.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Niceville, 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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32578 | $120,500 | $184,107 | $254,769 | $365,412 | $495,902 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Niceville, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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32578 | $866 | $1,427 | $2,335 | $3,484 | $5,044 |
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 |
---|---|---|---|---|---|
32578 | 0.72% | 0.78% | 0.92% | 0.95% | 1.02% |
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Real Estate Values in Niceville, Florida
Average Home Value in Niceville, 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 Niceville, 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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