Greenwood, Jackson County, Florida Property Taxes
Median Greenwood, FL effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Greenwood, FL home value: $102,906
Median annual Greenwood, FL tax bill: $598, $1,802 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson County calculated?
Property taxes in Greenwood, 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 Greenwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenwood, Jackson County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$659
$611
Property Tax Rates Across Greenwood, Jackson County, Florida
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Greenwood’s effective property tax rate can be compared to other cities in Florida and the median property tax rates in Florida and the U.S. Greenwood, located in Jackson County, has a property tax rate that aligns with the county’s lower rates. This is in contrast to the national median property tax rate of 1.02%. The national median property tax bill is $2400. Greenwood’s rate may be appealing to property owners seeking lower tax obligations, thus making it a potentially attractive location for residents who prioritize tax savings. Understanding these differences is crucial for homeowners looking to make informed decisions about where to live based on property tax implications.
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 Greenwood Tax Rate
0.64%
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 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 Greenwood, Jackson County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32443 | 0.18% | 0.39% | 0.64% | 1.21% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Greenwood, Jackson County, Florida
When examining property taxes in Greenwood, Florida, 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 Greenwood. For example, the median home price in Greenwood is $102,906, with tax bills ranging significantly across the county. Zip code 32443 has the highest median home price at $102,906.
Property Tax Assessment Values Across Greenwood, Jackson County, Florida
Source: Ownwell
$76,862
$111,413
$145,964
Median Greenwood Market Value
$102,906
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 Greenwood, Jackson County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32443 | $39,607 | $62,434 | $102,906 | $148,540 | $211,217 |
Source: Ownwell
Property Tax Bills Across Greenwood, Jackson County, Florida
Median Greenwood Tax Bill
$598
Median Jackson County Tax Bill
$762
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenwood, Jackson County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32443 | $149 | $366 | $598 | $1,139 | $1,815 |
Source: Ownwell