Average Tax Assessment in Santa Rosa County
Real Estate Values and Property Tax Valuation in Santa Rosa County, Florida
Santa Rosa County has 70,029 properties with a cumulative value of $14.3B, representing 0.69% of all real estate value in Florida. Property taxes in Santa Rosa County totaled $133.7M, with an average homeowner paying $1,910 in property taxes compared to the state average of $3,597. The average property tax rate in Santa Rosa County is 0.94%, while the state average is 1.34%. 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 | |
|---|---|
| Santa Rosa Property Appraiser | (850) 983-1880 |
| Santa Rosa Tax Collector | (850) 983-1800 |
| 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 Santa Rosa County
Residential Property Taxes by Cities in Santa Rosa County
Santa Rosa County has an average property tax rate of 0.94%, which is slightly lower than the national average of 1.07%. This rate is applied to all property owners in the county, regardless of the city in which they live. However, the effective property tax rate can vary significantly from city to city. For example, Gulf Breeze has the highest effective property tax rate in the county at 0.99%, while Jay has the lowest at 0.87%. This means that property owners in Gulf Breeze will pay more in taxes than those in Jay.
Overall, Santa Rosa County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area. However, it is important to consider the effective property tax rate of the city in which you are looking to purchase, as this can have a significant impact on your total tax bill.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Santa Rosa 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 |
|---|---|---|---|---|---|
| Gulf Breeze | $117,291 | $171,540 | $235,000 | $322,136 | $488,786 |
| Jay | $22,603 | $52,099 | $97,942 | $156,870 | $223,216 |
| Milton | $40,954 | $89,833 | $142,760 | $200,762 | $265,057 |
| Navarre | $128,330 | $182,007 | $231,401 | $298,832 | $396,921 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Santa Rosa County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gulf Breeze | $573 | $1,268 | $2,209 | $3,446 | $5,362 |
| Jay | $193 | $420 | $761 | $1,315 | $2,057 |
| Milton | $257 | $535 | $1,154 | $1,926 | $2,754 |
| Navarre | $572 | $1,312 | $2,114 | $2,944 | $4,246 |
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 |
|---|---|---|---|---|---|
| Gulf Breeze | 0.49% | 0.74% | 0.94% | 1.07% | 1.10% |
| Jay | 0.85% | 0.81% | 0.78% | 0.84% | 0.92% |
| Milton | 0.63% | 0.60% | 0.81% | 0.96% | 1.04% |
| Navarre | 0.45% | 0.72% | 0.91% | 0.99% | 1.07% |
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Real Estate Values in Santa Rosa County
The median home price in Santa Rosa County, Florida has increased slightly from October 2022 to October 2023, with a 0.78% increase from $357.0K to $362.8K. However, the home inventory in Santa Rosa County has decreased from 1.1K in October 2022 to 1.0K in October 2023. This suggests that the demand for homes in Santa Rosa County is increasing, leading to a slight increase in home prices. Overall, the home price trends in Santa Rosa County, Florida are slightly positive.
Average Home Value in Santa Rosa County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Santa Rosa County
Last updated: November 2023
Percent Change in New Home Listings in Santa Rosa County
Last updated: November 2023
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Mortgage Rates in Santa Rosa County
Santa Rosa County is home to a large number of outstanding home mortgage loans, totaling $7.3 billion. This represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The number of outstanding loans in Santa Rosa County is 38.2K, which is a testament to the popularity of the area for homeowners.
The median mortgage rate in Santa Rosa County varies across cities, ranging from 4.1% in Gulf Breeze to 4.17% in Jay. This variation in rates allows homeowners to shop around for the best deal, ensuring that they get the best rate for their loan. Overall, the mortgage market in Santa Rosa County is strong and provides a variety of options for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Santa Rosa County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gulf Breeze | $52,903 | $101,225 | $184,458 | $282,396 | $411,507 |
| Jay | $17,125 | $50,563 | $105,350 | $192,099 | $265,907 |
| Milton | $35,402 | $74,110 | $136,541 | $207,277 | $275,041 |
| Navarre | $60,924 | $119,300 | $190,651 | $265,429 | $345,370 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Santa Rosa County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gulf Breeze | 2.90% | 3.45% | 4.10% | 5.53% | 6.88% |
| Jay | 2.90% | 3.50% | 4.17% | 5.50% | 6.85% |
| Milton | 2.90% | 3.50% | 4.16% | 5.70% | 6.94% |
| Navarre | 2.90% | 3.50% | 4.15% | 5.61% | 6.77% |
Housing Expenses in Santa Rosa County, Florida
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