Carrabelle, Franklin County, Florida Property Taxes
Property Taxes in Carrabelle, Florida
Median Carrabelle, Florida effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Carrabelle, Florida home value: $196,763
Median annual Carrabelle, Florida tax bill: $1,364, lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Carrabelle, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Carrabelle's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carrabelle, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Carrabelle, Franklin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$1,672
$1,552
How Does the Carrabelle Property Tax Calculator Work?
Use this Carrabelle property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Carrabelle's median effective tax rate of 0.85% — based on actual property records in Franklin County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Carrabelle's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Carrabelle: rates range from 0.85% in 32322 to 0.85% in 32322, primarily due to differences in school district levies and local assessment districts.
Carrabelle's median effective tax rate is lower than the Florida median tax rate of 1.10%, but higher than the Franklin County rate. The median property tax bill in Carrabelle is $1,364, which is $1,036 lower than the state median property tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Carrabelle.
About Carrabelle Property Taxes
About Property Taxes in Carrabelle, Franklin, Florida
Carrabelle’s median effective property tax rate of 0.85% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Franklin County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Carrabelle. Homeowners in the 32322 ZIP code carry a median effective rate of 0.85%, while those in the same ZIP code also pay 0.85%. This spread reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Carrabelle you live in can make a meaningful difference to your annual tax bill.
Carrabelle homeowners who believe their assessed value is too high can file a formal appeal with the local Property Appraiser before the September 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Carrabelle, Franklin County, Florida
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Carrabelle's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carrabelle Tax Rate
0.85%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
0.82%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | 0.21% | 0.49% | 0.85% | 1.27% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Carrabelle, Franklin County, Florida
When examining property taxes in Carrabelle, Florida, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Franklin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Carrabelle.
For example, the median home price in Carrabelle is $196,763, with tax bills ranging significantly across the county. 32322 has the highest median home price at $196,763.
Property Tax Assessment Values Across Carrabelle, Franklin County, Florida
Source: Ownwell
$82,988
$352,376
$621,764
Median Carrabelle Market Value
$196,763
Median Franklin County Market Value
$282,446
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | $57,711 | $102,070 | $196,763 | $308,328 | $456,816 |
Source: Ownwell
Property Tax Bills Across Carrabelle, Franklin County, Florida
Property tax bills in Carrabelle are based on the assessed value of a home and the local tax rate set by Franklin County and other taxing authorities. For a home with a median market value of $196,763, the bill can vary widely depending on exemptions, assessment rules, and the specific millage rates applied to the property.
The amount a homeowner pays is determined by multiplying the taxable assessed value by the local tax rate, so two homes with similar market values can still have different bills. In Carrabelle, the median tax bill is $1,364.00, while bills can range from $625 at the 25th percentile to $4,146 at the 90th percentile. That spread shows how location, property characteristics, and exemptions can significantly affect what homeowners owe each year.
Median Carrabelle Tax Bill
$1,364
Median Franklin County Tax Bill
$2,305
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Carrabelle, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32322 | $277 | $625 | $1,364 | $2,734 | $4,146 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 4 |
Links | |
|---|---|
| Franklin Property Appraiser | |
| Website | franklin-search.gsacorp.io |