Defuniak Springs, Holmes County, Florida Property Taxes
Median DEFUNIAK SPRINGS, FL effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%. Median DEFUNIAK SPRINGS, FL home value: $52,222. Median annual DEFUNIAK SPRINGS, FL tax bill: $374, $2,026 lower than the national median property tax bill of $2,400. How are property taxes in Holmes calculated? Property taxes in DEFUNIAK SPRINGS, 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 DEFUNIAK SPRINGS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in DEFUNIAK SPRINGS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Defuniak Springs, Holmes County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$396
$367
Ownwell’s DEFUNIAK SPRINGS Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DEFUNIAK SPRINGS with just two data points. By entering your property's estimated assessed value, our calculator applies DEFUNIAK SPRINGS’ 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 Walton County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Defuniak Springs, Holmes County, Florida
Local government entities set tax rates, which can vary widely within a state. Each county annually 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 DEFUNIAK SPRINGS’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. DEFUNIAK SPRINGS, located in Walton County, has a property tax rate that reflects the local government's budgetary needs. Florida's median property tax rate is notably lower than the national median, making it an attractive option for property owners seeking lower tax burdens. The median property tax bill in Florida also tends to be more affordable compared to the national median. This lower rate can be a significant factor for those considering relocation or investment in the area. Understanding these variations can help homeowners make informed decisions about property ownership and potential tax savings.
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 Defuniak Springs Tax Rate
0.66%
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 Holmes County Tax Rate
0.88%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Defuniak Springs, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32433 | N/A | N/A | N/A | N/A | N/A |
| 32435 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Defuniak Springs, Holmes County, Florida
When examining property taxes in DEFUNIAK SPRINGS, 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 Holmes 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. Assessment notices: Holmes 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 DEFUNIAK SPRINGS. For example, the median home price in DEFUNIAK SPRINGS is $52,222, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Defuniak Springs, Holmes County, Florida
Source: Ownwell
$46,683
$61,470
$76,256
Median Defuniak Springs Market Value
$59,969
Median Holmes County Market Value
$65,758
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Defuniak Springs, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32433 | N/A | N/A | N/A | N/A | N/A |
| 32435 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Defuniak Springs, Holmes County, Florida
In Defuniak Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and condition can influence its assessed value. With a median home price of $52,222, homeowners in this region can expect varied tax bills. For example, the 25th percentile tax bill is approximately $321, while the 75th percentile reaches around $532. In comparison to the national median property tax bill of $2,400, many residents in Defuniak Springs benefit from relatively lower taxes. However, for those facing higher tax bills, Ownwell offers expert property tax appeal services. By analyzing assessment discrepancies and ensuring all eligible exemptions are applied, Ownwell can help homeowners potentially reduce their tax burden, ensuring they pay only what is fair and equitable.
Median Defuniak Springs Tax Bill
$392
Median Holmes County Tax Bill
$525
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Defuniak Springs, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32433 | N/A | N/A | N/A | N/A | N/A |
| 32435 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell