Average Tax Assessment in Union County
Real Estate Values and Property Tax Valuation in Union County, Florida
Union County has a total of 3,575 properties with a cumulative value of $347.5M. This represents 0.02% of all real estate value in Florida. Property taxes in Union County totaled $3.3M, with an average of $914 paid by homeowners, which is significantly lower than the state average of $3,597. The average property tax rate in Union 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 | |
|---|---|
| Union Register of Deeds | (704) 283-3797 |
| Union County Clerk | (908) 527-4787 |
| Union Assessor | (641) 782-1735 |
| Union Auditor | (937) 645-3003 |
| 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 Union County
Residential Property Taxes by Cities in Union County
Union County has an average property tax rate of 0.94%, which is slightly lower than the state average of 1.02%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Union County are collected by the county government and used to fund public services such as schools, roads, and public safety.
The effective property tax rate in Union County varies across cities. Lake Butler has the highest effective property tax rate at 0.95%, while Raiford has the lowest at 0.86%. This means that property owners in Lake Butler will pay more in taxes than those in Raiford. Property taxes in Union County are generally lower than the state average, making it an attractive option for those looking to purchase a home in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Union 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 |
|---|---|---|---|---|---|
| Lake Butler | $28,167 | $44,594 | $76,805 | $126,079 | $190,252 |
| Raiford | $25,177 | $35,140 | $58,906 | $94,359 | $157,246 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Union County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Butler | $190 | $411 | $682 | $1,281 | $2,000 |
| Raiford | $128 | $311 | $561 | $824 | $1,285 |
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 |
|---|---|---|---|---|---|
| Lake Butler | 0.67% | 0.92% | 0.89% | 1.02% | 1.05% |
| Raiford | 0.51% | 0.89% | 0.95% | 0.87% | 0.82% |
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Real Estate Values in Union County
Home prices in Union County have not yet been determined for October 2023, but the data from Redfin shows that the home inventory in Union County has more than doubled from October 2022 to October 2023, indicating that the housing market in Union County is likely to be strong in the coming year. This suggests that home prices in Union County could increase in the coming year, though the exact amount of the increase is not yet known.
Average Home Value in Union County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Union County
Last updated: November 2023
Percent Change in New Home Listings in Union County
Last updated: November 2023
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Mortgage Rates in Union County
Mortgages in Union County are a major factor in the local economy. There is a total of $75.9 million in outstanding loans across the county, representing 642 individual loans. This amount is equivalent to approximately 0.3% of the total home value in the county. The median mortgage rate in Union County varies significantly across cities, with Lake Butler having the highest rate at 4.21% and Raiford having the lowest rate at 4.15%. This variation in rates can have a significant impact on the affordability of mortgages in the county, and it is important for potential home buyers to research the rates in their area before making a decision.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Union County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Butler | $28,791 | $63,237 | $110,228 | $162,062 | $220,146 |
| Raiford | $26,081 | $56,659 | $83,913 | $140,320 | $179,325 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Union County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Butler | 2.90% | 3.55% | 4.21% | 5.25% | 6.29% |
| Raiford | 2.86% | 3.28% | 4.15% | 5.25% | 6.95% |
Housing Expenses in Union County, Florida
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