Saint George Island, Franklin County, Florida Property Taxes
Median SAINT GEORGE ISLAND, FL effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median SAINT GEORGE ISLAND, FL home value: $928,424
Median annual SAINT GEORGE ISLAND, FL tax bill: $8,029, $5,629 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in SAINT GEORGE ISLAND, FL 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 SAINT GEORGE ISLAND’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SAINT GEORGE ISLAND, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Saint George Island, Franklin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$8,634
$8,012
Property Tax Rates Across Saint George Island, Franklin County, Florida
Local government entities set tax rates, which can vary widely within a state. 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.
Saint George Island in Franklin County, Florida, offers a unique perspective on property taxes. The median property tax rate in Florida is 0.93%, which is below the national median of 1.02%. When you compare this to the national median property tax bill of $2400, Florida's rates are quite favorable. For residents of Saint George Island, understanding these figures is crucial for making informed decisions about property ownership.
Below, you can compare Saint George Island’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. These insights can help you assess the financial implications of owning property in this picturesque locale.
Property Tax Rates Across Saint George Island, Franklin County, Florida
Source: Ownwell
0.74%
0.95%
1.15%
Our median effective property tax rate (tax bill ÷ 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 Saint George Island Tax Rate
0.93%
Our median effective property tax rate (tax bill ÷ 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
0.87%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Saint George Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32328 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Saint George Island, Franklin County, Florida
When examining property taxes in Saint George Island, FL, 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 Property Appraiser 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.
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Saint George Island. For example, the median home price in Saint George Island is $928,424, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Saint George Island, Franklin County, Florida
Source: Ownwell
$61,845
$308,836
$555,827
Median Saint George Island Market Value
$928,424
Median Franklin County Market Value
$239,550
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Saint George Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32328 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Saint George Island, Franklin County, Florida
In Saint George Island, located in Franklin County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is influenced by factors such as the property's location, size, and recent market trends. In this area, homeowners face a median property tax bill significantly higher than the national median of $2,400, with costs ranging from $5,938 at the 25th percentile to $9,472 at the 90th percentile. Such high tax bills can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell assists homeowners by offering property tax appeal and exemption services. By evaluating your property’s assessment and comparing it with market trends, Ownwell can identify potential errors or overvaluations. Our team of experts works to ensure your property is fairly assessed, potentially lowering your tax bill. This service not only saves you money but also provides peace of mind, knowing that your taxes are accurate and fair.
Property Tax Bills Across Saint George Island, Franklin County, Florida
Source: Ownwell
$530
$2,362
$4,194
Median Saint George Island Tax Bill
$8,029
Median Franklin County Tax Bill
$2,090
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Saint George Island, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32328 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell