Melrose, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Melrose, Florida
The city of Melrose has 1,512 properties with a cumulative value of $189.5M, representing 5.14% of all real estate value in Putnam County. Property taxes in Melrose totaled $2.3M, with the average homeowner paying $1,525 in property taxes compared to the county average of $1,330. The average property tax rate in Melrose is 1.21%, lower than the county average of 1.28%. 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 | |
---|---|
Putnam Auditor | (419) 523-6686 |
Putnam Assessor | (706) 485-6376 |
Putnam County Clerk | (845) 808-1142 |
Putnam Treasurer | (765) 653-4510 |
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 Melrose, Florida
Residential Property Tax by ZIP code in Melrose, Florida
Melrose, Florida has an average property tax rate of 1.21%, which is slightly lower than the average property tax rate in Putnam County, which is 1.28%. This means that homeowners in Melrose can expect to pay slightly less in property taxes than homeowners in other parts of Putnam County. The ZIP code with the highest effective property tax rate in Melrose is 32666, with a rate of 1.21%. The lowest effective property tax rate in Melrose is not available, but it is likely to be lower than the average rate of 1.21%.
Property tax rates in Melrose vary across ZIP codes because of differences in home values. For example, homes in ZIP code 32666 are likely to be more expensive than homes in other ZIP codes, and therefore the effective property tax rate is higher. Similarly, homes in ZIP codes with lower home values are likely to have lower effective property tax rates. This means that homeowners in Melrose should research the effective property tax rate in their ZIP code before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Melrose, 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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32666 | $22,668 | $48,050 | $94,820 | $165,768 | $251,418 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Melrose, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32666 | $287 | $659 | $1,065 | $1,949 | $3,073 |
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 |
---|---|---|---|---|---|
32666 | 1.27% | 1.37% | 1.12% | 1.18% | 1.22% |
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Real Estate Values in Melrose, Florida
We currently do not have this data but we are working to add this soon.
Average Home Value in Melrose, 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 Melrose, 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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