Real Estate Values and Property Tax Valuation in Washington County, Florida

Washington County has a total of 7,635 properties with a cumulative value of $781.7M, representing 0.04% of all real estate value in Florida. Property taxes in Washington County totaled $6.6M, with the average homeowner paying $863 in property taxes, which is significantly lower than the state average of $3,597. The average property tax rate in Washington County is 0.84%, while the state average is 1.34%. Property taxes are typically based on the assessed value of the property, which is usually 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.

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 DiscountAvailable
SeniorAvailable
DisabledAvailable
HomesteadAvailable
VeteranAvailable
Solar/WindAvailable
CharitableAvailable

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Real Estate Statistics in Washington County

Total Real Estate Value
$781.7M
Total Real Property Taxes
$6.6M
Average Property Tax Rate
0.84%
# of Real Properties
7.6K

Residential Property Taxes by Cities in Washington County

Washington County has an average property tax rate of 0.84%, which is slightly lower than the national average of 1.08%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Washington County is $863.

Property tax rates vary across the cities in Washington County. Chipley has the highest effective property tax rate at 0.87%, while Bonifay has the lowest effective property tax rate at 0.66%. This means that property owners in Chipley will pay more in taxes than those in Bonifay. Property taxes collected in Washington County in 2023 are estimated to be $6.6 million.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Washington 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.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bonifay$24,000$52,000$85,060$136,996$199,273
Caryville$19,214$38,786$69,347$115,238$170,156
Chipley$25,085$52,000$89,134$142,315$199,156
Vernon$14,982$31,962$64,000$111,949$174,338

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each city in Washington County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bonifay$39$212$472$964$1,675
Caryville$44$133$404$825$1,358
Chipley$113$369$728$1,305$2,020
Vernon$49$171$454$949$1,566

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.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bonifay 0.16% 0.41% 0.55% 0.70% 0.84%
Caryville 0.23% 0.34% 0.58% 0.72% 0.80%
Chipley 0.45% 0.71% 0.82% 0.92% 1.01%
Vernon 0.33% 0.54% 0.71% 0.85% 0.90%

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Real Estate Values in Washington County

The median home price in Washington County, Florida has increased slightly from October 2022 to October 2023, with a 0.64% increase from $385.0K to $387.4K. However, the home inventory in Washington County has decreased from 84 in October 2022 to 77 in October 2023, indicating that the demand for homes in the area is increasing. This could be driving the slight increase in home prices.

Median Sale Value
$387.4K
Total Active Listings
77
Annual percent change in median sale price
0.64%

Average Home Value in Washington County, Florida

Last updated: November 2023

Percent Change in Total Home Sales in Washington County

Last updated: November 2023

Percent Change in New Home Listings in Washington County

Last updated: November 2023

Reduce your property tax bill with Ownwell

Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Mortgage Rates in Washington County

Washington County has a total of $216.9M in outstanding home mortgage loans, with 1.6K loans outstanding. This represents a significant percentage of the total home value in the county, indicating that mortgages are a major part of the local economy.

The median mortgage rate in Washington County varies significantly across cities, with Bonifay having the highest rate at 4.26% and Caryville having the lowest rate at 4.09%. This variation in rates means that potential homebuyers in the county should shop around to find the best deal for their needs.

# of Outstanding Loans
1.6K
Total Outstanding Loan Amount
$216.9M
Properties with Loans
21.20%

Outstanding Mortgages

The table below shows the percentile distribution of outstanding loans on residential properties in Washington County by city.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bonifay$30,356$64,093$85,299$121,142$211,688
Caryville$16,729$32,546$69,221$146,216$245,188
Chipley$26,353$58,486$106,688$166,633$231,559
Vernon$18,120$50,383$103,019$163,667$262,405

Mortgage Rates

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Washington County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Bonifay 3.33% 3.60% 4.26% 5.15% 7.33%
Caryville 2.94% 3.67% 4.09% 5.48% 6.84%
Chipley 3.00% 3.58% 4.10% 5.03% 6.98%
Vernon 2.96% 3.59% 4.12% 4.92% 6.96%

Housing Expenses in Washington County, Florida

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How Ownwell works?

  1. Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
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  4. When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.

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Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Washington County is 0.84%.
The following exemptions and discounts are available in Washington County: Charitable, Disabled, Early Payment Discount and Homestead

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