Average Tax Assessment in St. Lucie County
Real Estate Values and Property Tax Valuation in St. Lucie County, Florida
St. Lucie County has a total of 132,849 properties with a cumulative value of $27.0B, representing 1.30% of all real estate value in Florida. Property taxes in St. Lucie County totaled $456.7M, with an average property tax rate of 1.69%, higher than the state average of 1.34%. The average homeowner in St. Lucie County pays $3,453 in property taxes, slightly higher than the state average of $3,597. Property taxes are calculated based on the assessed value of the property.
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 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 St. Lucie County
Residential Property Taxes by Cities in St. Lucie County
St. Lucie County has an average property tax rate of 1.69%, which is slightly lower than the state average of 1.77%. This rate applies to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly between cities. For example, Palm City has the highest effective property tax rate in the county at 1.76%, while Fort Pierce has the lowest at 1.51%. This means that property owners in Palm City will pay more in taxes than those in Fort Pierce.
Overall, St. Lucie County has a relatively low property tax rate compared to other counties in Florida. 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 the property is located, as this can have a significant impact on the total amount of taxes paid.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in St. Lucie 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 |
|---|---|---|---|---|---|
| Fort Pierce | $59,800 | $90,700 | $138,200 | $199,100 | $277,000 |
| Hutchinson Island | $120,000 | $193,400 | $259,900 | $382,500 | $521,910 |
| Jensen Beach | $97,210 | $132,000 | $240,300 | $314,600 | $399,060 |
| Palm City | $60,000 | $130,500 | $274,700 | $366,475 | $893,650 |
| Port Saint Lucie | $123,500 | $164,500 | $205,000 | $246,000 | $292,100 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in St. Lucie County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Pierce | $483 | $907 | $1,830 | $3,227 | $5,061 |
| Hutchinson Island | $1,733 | $2,854 | $4,535 | $6,476 | $9,408 |
| Jensen Beach | $1,530 | $2,374 | $4,098 | $5,792 | $7,456 |
| Palm City | $864 | $2,228 | $4,881 | $6,826 | $15,418 |
| Port Saint Lucie | $1,137 | $1,985 | $3,325 | $4,894 | $6,221 |
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 |
|---|---|---|---|---|---|
| Fort Pierce | 0.81% | 1.00% | 1.32% | 1.62% | 1.83% |
| Hutchinson Island | 1.44% | 1.48% | 1.74% | 1.69% | 1.80% |
| Jensen Beach | 1.57% | 1.80% | 1.71% | 1.84% | 1.87% |
| Palm City | 1.44% | 1.71% | 1.78% | 1.86% | 1.73% |
| Port Saint Lucie | 0.92% | 1.21% | 1.62% | 1.99% | 2.13% |
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Real Estate Values in St. Lucie County
The median home price in St. Lucie County, Florida has increased by 3.38% from October 2022 to October 2023, from $374.9K to $382.5K. This indicates a positive trend in the housing market in St. Lucie County. However, the home inventory in St. Lucie County has decreased from 2.5K in October 2022 to 2.4K in October 2023, indicating a decrease in the number of homes available for sale.
Average Home Value in St. Lucie County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in St. Lucie County
Last updated: November 2023
Percent Change in New Home Listings in St. Lucie County
Last updated: November 2023
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Mortgage Rates in St. Lucie County
Mortgages in St. Lucie County are a major source of financing for homeowners in the area. According to recent statistics, there is a total of $13.7 billion in outstanding loan amounts across home mortgages in St. Lucie County, with 66,400 outstanding loans. This represents a significant percentage of the total home value in the county. Additionally, there is a variation in mortgage rates across the county, with Palm City having the highest median mortgage rate at 4.42%, and Hutchinson Island having the lowest median mortgage rate at 4.08%. This variation in rates provides homeowners with options when it comes to financing their homes. Overall, mortgages in St. Lucie County are a major source of financing for homeowners in the area, with a significant amount of outstanding loan amounts and a variety of mortgage rates to choose from.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in St. Lucie County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Pierce | $22,877 | $50,972 | $111,540 | $186,000 | $257,048 |
| Hutchinson Island | $57,889 | $108,050 | $178,848 | $289,446 | $417,034 |
| Jensen Beach | $43,219 | $96,587 | $167,476 | $258,044 | $347,139 |
| Palm City | $82,108 | $108,338 | $203,229 | $437,284 | $746,265 |
| Port Saint Lucie | $50,378 | $92,182 | $160,603 | $230,314 | $297,488 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across St. Lucie County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Pierce | 2.90% | 3.50% | 4.40% | 6.01% | 7.16% |
| Hutchinson Island | 2.80% | 3.30% | 4.08% | 5.82% | 7.01% |
| Jensen Beach | 2.81% | 3.28% | 4.12% | 5.71% | 7.04% |
| Palm City | 2.90% | 3.50% | 4.42% | 6.71% | 7.18% |
| Port Saint Lucie | 2.90% | 3.36% | 4.15% | 5.48% | 6.54% |
Housing Expenses in St. Lucie County, Florida
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