Average Tax Assessment in Putnam County
Real Estate Values and Property Tax Valuation in Putnam County, Florida
Putnam County has a total of 35,641 properties with a cumulative value of $3.7B, representing 0.18% of all real estate value in Florida. Property taxes in Putnam County totaled $47.3M, with an average homeowner paying $1,330 in property taxes compared to the state average of $3,597. The average property tax rate in Putnam County is 1.28%, lower than the state average of 1.34%. Properties are typically valued for tax purposes based on their current 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 | |
|---|---|
| Putnam Auditor | (419) 523-6686 |
| Putnam Assessor | (706) 485-6376 |
| Putnam County Clerk | (845) 808-1142 |
| Putnam Treasurer | (765) 653-4510 |
| 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 Putnam County
Residential Property Taxes by Cities in Putnam County
Putnam County has an average property tax rate of 1.28%, which is slightly lower than the state average of 1.35%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Putnam County property tax bill is $1,330, which is slightly lower than the state average of $1,400.
Property tax rates vary across the cities in Putnam County. Welaka has the highest effective property tax rate at 1.51%, while San Mateo has the lowest effective property tax rate at 1.14%. This means that property owners in Welaka will pay more in taxes than those in San Mateo. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Putnam County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Putnam 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 |
|---|---|---|---|---|---|
| Crescent City | $21,035 | $32,610 | $59,775 | $118,642 | $218,215 |
| East Palatka | $24,410 | $54,020 | $105,590 | $202,360 | $366,230 |
| Florahome | $16,760 | $41,200 | $79,110 | $147,870 | $224,480 |
| Georgetown | $18,975 | $33,678 | $55,890 | $110,060 | $218,472 |
| Hawthorne | $20,936 | $42,882 | $82,785 | $147,158 | $240,759 |
| Interlachen | $10,026 | $23,148 | $43,970 | $85,452 | $143,132 |
| Melrose | $22,668 | $48,050 | $94,820 | $165,768 | $251,418 |
| Palatka | $27,271 | $50,422 | $83,870 | $138,908 | $227,246 |
| Pomona Park | $23,355 | $37,735 | $68,210 | $123,520 | $209,155 |
| San Mateo | $24,350 | $47,675 | $84,380 | $149,752 | $246,920 |
| Satsuma | $19,393 | $32,815 | $61,310 | $99,905 | $157,370 |
| Welaka | $32,180 | $62,838 | $117,775 | $173,838 | $260,435 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Putnam County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crescent City | $276 | $521 | $805 | $1,473 | $2,885 |
| East Palatka | $339 | $655 | $1,135 | $2,297 | $4,365 |
| Florahome | $276 | $486 | $896 | $1,739 | $2,956 |
| Georgetown | $276 | $477 | $773 | $1,408 | $3,057 |
| Hawthorne | $276 | $608 | $996 | $1,856 | $2,951 |
| Interlachen | $232 | $347 | $681 | $1,065 | $1,834 |
| Melrose | $287 | $659 | $1,065 | $1,949 | $3,073 |
| Palatka | $360 | $679 | $1,065 | $1,787 | $2,873 |
| Pomona Park | $282 | $535 | $885 | $1,584 | $2,827 |
| San Mateo | $313 | $618 | $930 | $1,699 | $2,777 |
| Satsuma | $276 | $510 | $797 | $1,348 | $2,128 |
| Welaka | $537 | $878 | $1,760 | $2,989 | $4,161 |
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 |
|---|---|---|---|---|---|
| Crescent City | 1.31% | 1.60% | 1.35% | 1.24% | 1.32% |
| East Palatka | 1.39% | 1.21% | 1.07% | 1.14% | 1.19% |
| Florahome | 1.65% | 1.18% | 1.13% | 1.18% | 1.32% |
| Georgetown | 1.45% | 1.42% | 1.38% | 1.28% | 1.40% |
| Hawthorne | 1.32% | 1.42% | 1.20% | 1.26% | 1.23% |
| Interlachen | 2.31% | 1.50% | 1.55% | 1.25% | 1.28% |
| Melrose | 1.27% | 1.37% | 1.12% | 1.18% | 1.22% |
| Palatka | 1.32% | 1.35% | 1.27% | 1.29% | 1.26% |
| Pomona Park | 1.21% | 1.42% | 1.30% | 1.28% | 1.35% |
| San Mateo | 1.29% | 1.30% | 1.10% | 1.13% | 1.12% |
| Satsuma | 1.42% | 1.55% | 1.30% | 1.35% | 1.35% |
| Welaka | 1.67% | 1.40% | 1.49% | 1.72% | 1.60% |
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Real Estate Values in Putnam County
The median home price in Putnam County, Florida decreased by 8.93% from October 2022 to October 2023, from $274.5K to $250.0K. This decrease in home prices is accompanied by a slight decrease in home inventory, from 257 homes in October 2022 to 255 homes in October 2023. This suggests that the decrease in home prices is due to a decrease in demand for homes in Putnam County.
Average Home Value in Putnam County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Putnam County
Last updated: November 2023
Percent Change in New Home Listings in Putnam County
Last updated: November 2023
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Mortgage Rates in Putnam County
Putnam County has a total of $775.1 million in outstanding home mortgage loans, representing 7.6 thousand loans. This amount is equivalent to approximately 10.3% of the total home value in the county. The median mortgage rate in Putnam County varies across cities, with Georgetown having the highest rate of 5% and Interlachen having the lowest rate of 5%. This variation in rates across cities is indicative of the competitive nature of the mortgage market in Putnam County.
Overall, Putnam County has a healthy mortgage market with a significant amount of outstanding loans and competitive rates. Homeowners in the county have access to a variety of loan options, allowing them to find the best deal for their needs. With the right loan, homeowners in Putnam County can take advantage of the current low interest rates and secure a mortgage that meets their financial goals.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Putnam County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crescent City | $12,952 | $26,022 | $56,145 | $132,302 | $210,478 |
| East Palatka | $30,065 | $56,494 | $105,099 | $181,686 | $265,056 |
| Florahome | $15,473 | $48,411 | $86,137 | $151,370 | $211,440 |
| Georgetown | $4,984 | $16,534 | $49,897 | $107,402 | $197,585 |
| Hawthorne | $19,877 | $42,599 | $84,903 | $148,335 | $232,899 |
| Interlachen | $10,426 | $23,159 | $49,703 | $92,546 | $144,761 |
| Melrose | $23,512 | $46,079 | $87,728 | $146,317 | $210,828 |
| Palatka | $23,976 | $46,473 | $88,323 | $146,815 | $209,879 |
| Pomona Park | $13,450 | $30,013 | $63,981 | $116,664 | $202,551 |
| San Mateo | $21,037 | $41,087 | $88,311 | $152,767 | $214,458 |
| Satsuma | $15,098 | $35,097 | $65,548 | $116,262 | $167,428 |
| Welaka | $29,026 | $64,457 | $114,015 | $183,223 | $245,696 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Putnam County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crescent City | 2.97% | 3.69% | 4.82% | 6.62% | 9.00% |
| East Palatka | 2.98% | 3.58% | 4.22% | 5.87% | 7.72% |
| Florahome | 2.90% | 3.56% | 4.40% | 6.00% | 7.10% |
| Georgetown | 3.00% | 3.70% | 5.00% | 6.78% | 10.00% |
| Hawthorne | 3.00% | 3.70% | 4.80% | 6.12% | 8.00% |
| Interlachen | 2.99% | 3.73% | 5.00% | 6.36% | 8.63% |
| Melrose | 3.00% | 3.67% | 4.50% | 6.00% | 7.49% |
| Palatka | 2.90% | 3.55% | 4.40% | 6.00% | 7.25% |
| Pomona Park | 2.90% | 3.69% | 4.87% | 6.36% | 9.06% |
| San Mateo | 2.90% | 3.70% | 4.76% | 6.37% | 7.59% |
| Satsuma | 2.90% | 3.60% | 4.50% | 6.15% | 8.00% |
| Welaka | 2.80% | 3.40% | 4.19% | 5.83% | 7.01% |
Housing Expenses in Putnam County, Florida
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