Bascom, Jackson County, Florida Property Taxes

Name: Property Tax Bills Across Bascom, Jackson County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bascom, FL effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Bascom, FL home value: $104,768
Median annual Bascom, FL tax bill: $607, $1,793 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

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

Last Updated March 1, 2025

Bascom, Jackson County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$660

$612

Ownwell’s Bascom Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bascom with just two data points. By entering your property's estimated assessed value, our calculator applies Bascom’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 Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bascom, Jackson County, Florida

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core process followed annually. In Bascom, located in Jackson County, the effective property tax rate provides an interesting comparison point to other cities in Florida and across the nation. Bascom's tax rate is lower than the national median property tax rate of 1.02%. This places Bascom in a favorable position for property owners, as the local tax burden is lighter compared to many other areas. Understanding these differences can be beneficial for homeowners looking to manage their expenses or those considering relocating within Florida.

Property Tax Rates Across Bascom, Jackson County, Florida

Source: Ownwell

0.61%

0.88%

1.16%

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 Bascom Tax Rate

0.63%

Median Effective Jackson County Tax Rate

0.75%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bascom, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32423	0.15%	0.36%	0.63%	1.18%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Bascom, Jackson County, Florida

When examining property taxes in Bascom, 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 Jackson 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 Jackson 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 Bascom. For example, the median home price in Bascom is $104,768, with tax bills ranging significantly across the county. Zip code 32423 has the highest median home price at $104,768.

Property Tax Assessment Values Across Bascom, Jackson County, Florida

Source: Ownwell

$76,862

$111,413

$145,964

Median Bascom Market Value

$104,768

Median Jackson County Market Value

$108,490

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bascom, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32423	$38,201	$64,729	$104,768	$160,560	$221,152

Source: Ownwell

Property Tax Bills Across Bascom, Jackson County, Florida

In Bascom, located in Jackson County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the local property appraiser. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements and market conditions can influence the assessed value, impacting the overall tax bill for homeowners. With a median home price of $104,768, Bascom's property tax bills range significantly, from the 25th percentile at $300 to the 90th percentile at $1,759. This variation indicates how different factors can affect property tax liabilities. Compared to the national median property tax bill of $2,400, Bascom's tax bills are relatively lower. However, for homeowners seeking to reduce their tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings, ensuring they pay only what is necessary and potentially lowering their property tax bills.

Property Tax Bills Across Bascom, Jackson County, Florida

Source: Ownwell

$532

$853

$1,173

Median Bascom Tax Bill

$607

Median Jackson County Tax Bill

$762

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Bascom, Jackson County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32423	$125	$300	$607	$1,146	$1,759

Source: Ownwell