Holmes County, Florida Property Taxes

What Are Effective Property Tax Rates Across Holmes County?

Local government entities set tax rates, which vary widely across Holmes County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare Holmes County's effective property tax rate to other counties in Florida or the U.S. median of 1.02%.

Holmes County's median effective rate stands at 0.88%, which is lower than the national median of 1.02%. Within Holmes County, the highest rate is found in Bonifay at 0.92%, while Westville has the lowest at 0.70%.

These variations reflect differences in local school district levies, Municipal Service Benefit Units (MSBUs) assessments, and special district bonds — which compound the base county rate.

Property tax bills in Holmes County are based on a home’s assessed value, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill, so two homes with similar market values can still owe different amounts depending on exemptions and local levies. For homeowners, this means the tax bill can change when a property is reassessed or when local budgets and rates shift.

In Holmes County, the median home price is $65,758, and the median tax bill is $598 in Bonifay and $364 in Caryville. Across the county, tax bills can vary widely, with the 25th percentile at $296, the 75th percentile at $1,060, and the 90th percentile at $1,742. Compared with the national median property tax rate of 1.02% and national median tax bill of $2,400, Holmes County homeowners generally face lower property tax bills, though the amount still depends on assessment details and local tax rates.