Average Tax Assessment in Wakulla County
Real Estate Values and Property Tax Valuation in Wakulla County, Florida
Wakulla County has a total of 13,328 properties with a cumulative value of $2.0B. This accounts for 0.09% of all real estate value in Florida. Property taxes in Wakulla County totaled $21.1M, with an average homeowner paying $1,583 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Wakulla County is 1.08%, while the state average is 1.34%. Properties are valued for tax purposes based on their estimated 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 | |
|---|---|
| Wakulla Clerk / Recorder | (850) 926-0905 |
| Wakulla Tax Collector | (850) 926-3371 |
| Wakulla Property Appraiser | (850) 926-3271 |
| 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 Wakulla County
Residential Property Taxes by Cities in Wakulla County
Wakulla County has an average property tax rate of 1.08%, which is slightly lower than the state average of 1.09%. This rate is applied to all properties in the county, regardless of location. However, there is some variation in the effective property tax rate across the cities in Wakulla County. The city of Panacea has the highest effective property tax rate at 1.28%, while the city of Crawfordville has the lowest effective property tax rate at 1.06%. This means that property owners in Panacea will pay a higher property tax bill than those in Crawfordville. Overall, Wakulla County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property 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 Wakulla 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 |
|---|---|---|---|---|---|
| Crawfordville | $46,847 | $81,257 | $125,534 | $201,844 | $268,599 |
| Panacea | $26,858 | $51,297 | $107,947 | $200,542 | $285,478 |
| Sopchoppy | $28,186 | $51,361 | $95,186 | $169,725 | $253,577 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Wakulla County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | $440 | $777 | $1,330 | $2,152 | $3,003 |
| Panacea | $401 | $717 | $1,279 | $2,643 | $3,552 |
| Sopchoppy | $363 | $606 | $983 | $1,729 | $2,653 |
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 |
|---|---|---|---|---|---|
| Crawfordville | 0.94% | 0.96% | 1.06% | 1.07% | 1.12% |
| Panacea | 1.49% | 1.40% | 1.18% | 1.32% | 1.24% |
| Sopchoppy | 1.29% | 1.18% | 1.03% | 1.02% | 1.05% |
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Real Estate Values in Wakulla County
The data from Redfin shows that home prices in Wakulla County, Florida have decreased significantly from October 2022 to October 2023. The median home price in October 2023 was $209.9K, which is a decrease of 38.70% from the median home price in October 2022 of $342.5K. Additionally, the home inventory in Wakulla County decreased from 226 in October 2022 to 208 in October 2023. This indicates that the housing market in Wakulla County is becoming more competitive, as fewer homes are available for purchase.
Average Home Value in Wakulla County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Wakulla County
Last updated: November 2023
Percent Change in New Home Listings in Wakulla County
Last updated: November 2023
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Mortgage Rates in Wakulla County
Wakulla County, Florida has an outstanding loan amount of $832.0M across home mortgages. This represents a total of 5.2K outstanding loans in the county. The median mortgage rate in Crawfordville, the city with the highest median mortgage rate, is 4.25%, while the median mortgage rate in Sopchoppy, the city with the lowest median mortgage rate, is 4.14%. This indicates a variation of 0.11% in mortgage rates across the county. The total outstanding loan amount of $832.0M is equivalent to approximately 40% of the total home value in Wakulla County.
Overall, Wakulla County has a significant amount of outstanding loans across home mortgages, with a total of $832.0M. This is a large percentage of the total home value in the county, and there is a notable variation in mortgage rates across the county, ranging from 4.14% to 4.25%. This indicates that the mortgage market in Wakulla County is competitive, with lenders offering different rates to attract borrowers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Wakulla County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | $43,587 | $75,777 | $119,995 | $181,331 | $246,530 |
| Panacea | $28,979 | $58,694 | $119,814 | $216,213 | $270,723 |
| Sopchoppy | $28,492 | $52,967 | $96,207 | $163,454 | $222,862 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Wakulla County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crawfordville | 2.90% | 3.56% | 4.25% | 5.69% | 6.57% |
| Panacea | 2.90% | 3.40% | 4.23% | 5.82% | 7.03% |
| Sopchoppy | 3.00% | 3.55% | 4.14% | 5.62% | 6.31% |
Housing Expenses in Wakulla County, Florida
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