St George Isl, Franklin County, Florida Property Taxes

Name: Property Tax Bills Across St George Isl, Franklin County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median ST GEORGE ISL, FL effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median ST GEORGE ISL, FL home value: $515,001
Median annual ST GEORGE ISL, FL tax bill: $4,971, $2,571 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in ST GEORGE ISL, 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 ST GEORGE ISL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ST GEORGE ISL, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

St George Isl, Franklin County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$4,378

$4,062

Ownwell’s ST GEORGE ISL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ST GEORGE ISL with just two data points. By entering your property's estimated assessed value, our calculator applies ST GEORGE ISL’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across St George Isl, Franklin County, Florida

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. Each year, counties like Franklin determine their required budget to fund essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While tax rates and budgets are subject to votes and laws, this is the basic annual process.

In St. George Isl, located in Franklin County, the effective property tax rate is lower than the national median of 1.02%. When compared to other cities in Florida, St. George Isl offers a more favorable tax environment for property owners. The median property tax rate in Florida is also lower than the national average, making it an attractive state for homeowners seeking relief from high property taxes. By understanding how rates are determined and comparing them to state and national averages, property owners can make more informed decisions about their investments.

Property Tax Rates Across St George Isl, 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 St George Isl Tax Rate

0.85%

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 St George Isl, 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 St George Isl, Franklin County, Florida

When examining property taxes in ST GEORGE ISL, 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 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.

In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 ST GEORGE ISL. For example, the median home price in ST GEORGE ISL is $515,001, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across St George Isl, Franklin County, Florida

Source: Ownwell

$61,845

$308,836

$555,827

Median St George Isl Market Value

$515,001

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 St George Isl, 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 St George Isl, Franklin County, Florida

In St. George Island, located in Franklin County, FL, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. The median home price in this area is $515,001, which can lead to a tax bill that varies significantly. For instance, the 25th percentile tax bill is $4,583, while the 75th percentile tax bill can reach up to $5,043. These figures illustrate how the assessed value and the local tax rate affect what homeowners pay. Compared to the national median property tax bill of $2,400, residents here may find themselves paying more. Ownwell can assist homeowners by reviewing their property assessments and ensuring they are not overvalued, potentially saving them money. By filing appeals and applying for exemptions, Ownwell helps reduce the financial burden of property taxes.

Property Tax Bills Across St George Isl, Franklin County, Florida

Source: Ownwell

$530

$2,362

$4,194

Median St George Isl Tax Bill

$4,971

Median Franklin County Tax Bill

$2,090

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across St George Isl, 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