Walton County, Florida Property Taxes
Property Taxes in Walton County, Florida
Median Walton County effective property tax rate: 0.74%, significantly lower than the national median of 1.02%.
Median Walton County home value: $478,810
Median annual Walton County tax bill: $3,340, higher than the national median property tax bill of $2,400.
How are property taxes in Walton County calculated?
Property taxes in Walton County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Walton or another part of Walton County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$3,543
$3,288
How Does the Walton County Property Tax Calculator Work?
Use this Walton County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walton County's median effective tax rate of 0.74% to generate your estimate.
Enter your property's estimated assessed value — the figure the property appraiser assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Walton County's median effective tax rate is lower than the Florida median tax rate of 1.10%, and the county's median tax bill of $3,340 is higher than the national median property tax bill of $2,400 by $940.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Walton County.
Property Tax Rates Across Walton County, Florida
What Are Effective Property Tax Rates Across Walton County?
Local government entities set tax rates, which vary widely across Walton 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 Walton County's effective property tax rate to other counties in Florida or the U.S. median of 1.02%.
Walton County's median effective rate stands at 0.74%, which is lower than the national median of 1.02%. Within Walton County, the highest rate is found in Miramar Beach at 0.78%, while Crestview has the lowest at 0.45%.
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.
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 Walton County Tax Rate
0.74%
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 Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walton County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crestview | 0.19% | 0.32% | 0.45% | 0.80% | 1.05% |
| Defuniak Springs | 0.19% | 0.32% | 0.53% | 0.89% | 1.12% |
| Freeport | 0.17% | 0.37% | 0.71% | 1.05% | 1.32% |
| Inlet Beach | 0.34% | 0.66% | 0.76% | 0.85% | 0.92% |
| Laurel Hill | 0.20% | 0.32% | 0.54% | 0.82% | 0.90% |
| Miramar Beach | 0.46% | 0.70% | 0.78% | 0.84% | 0.91% |
| Niceville | 0.19% | 0.32% | 0.53% | 0.78% | 0.86% |
| Ponce De Leon | 0.21% | 0.33% | 0.56% | 0.91% | 1.19% |
| Santa Rosa Beach | 0.28% | 0.50% | 0.73% | 0.83% | 0.91% |
| Vernon | 0.28% | 0.52% | 0.72% | 0.79% | 0.81% |
| Westville | 0.21% | 0.30% | 0.48% | 0.89% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Walton County, Florida
When examining property taxes in Walton County, 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 Walton 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:
In Walton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
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 Walton County.
For example, the median tax bill in Walton County is $3,340, compared with the national median property tax bill of $2,400. Tax bills range significantly across the county, with Inlet Beach reaching the highest median home price at $1,248,929.
Property Tax Assessment Values Across Walton County, Florida
Source: Ownwell
$59,290
$654,110
$1,248,930
Median Walton County Market Value
$478,810
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walton County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crestview | $23,593 | $42,964 | $91,405 | $182,139 | $227,155 |
| Defuniak Springs | $27,090 | $48,876 | $105,542 | $177,495 | $255,014 |
| Freeport | $76,523 | $191,400 | $305,413 | $408,792 | $529,551 |
| Inlet Beach | $615,670 | $802,899 | $1,248,929 | $2,312,925 | $4,202,134 |
| Laurel Hill | $29,609 | $64,716 | $96,530 | $160,513 | $241,904 |
| Miramar Beach | $290,493 | $407,925 | $577,021 | $858,748 | $1,457,190 |
| Niceville | $93,233 | $142,218 | $215,564 | $291,435 | $402,276 |
| Ponce De Leon | $16,235 | $27,622 | $64,628 | $130,273 | $226,208 |
| Santa Rosa Beach | $294,432 | $425,176 | $745,514 | $1,422,412 | $2,481,123 |
| Vernon | $14,067 | $23,375 | $59,290 | $113,688 | $182,407 |
| Westville | $13,914 | $32,766 | $66,812 | $123,466 | $199,118 |
Source: Ownwell
Property Tax Bills Across Walton County, Florida
Property tax bills in Walton County are calculated from a home’s assessed value and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, then exemptions and any applicable adjustments are applied before the final bill is determined. For homeowners, this means a higher-valued home can lead to a larger tax bill, while exemptions can help reduce what is owed.
In Walton County, the median home price is $478,810, and property tax bills vary widely across the county. The 25th percentile tax bill is $1,108, while the 75th percentile is $6,578 and the 90th percentile reaches $13,706. That spread shows how much location, home value, and local tax rates can affect what homeowners pay. Across the county, tax bills can differ significantly from one area to another, with Inlet Beach showing the highest median tax bill at $8,557 and Westville the lowest at $302.
Median Walton County Tax Bill
$3,340
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Walton County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crestview | $75 | $189 | $367 | $728 | $1,189 |
| Defuniak Springs | $91 | $231 | $464 | $963 | $1,631 |
| Freeport | $255 | $646 | $1,892 | $3,418 | $4,667 |
| Inlet Beach | $2,809 | $5,222 | $8,557 | $16,451 | $32,110 |
| Laurel Hill | $96 | $255 | $473 | $834 | $1,413 |
| Miramar Beach | $1,774 | $2,828 | $4,254 | $6,290 | $10,621 |
| Niceville | $307 | $552 | $1,038 | $1,694 | $2,392 |
| Ponce De Leon | $75 | $149 | $304 | $691 | $1,270 |
| Santa Rosa Beach | $1,186 | $2,536 | $4,766 | $9,825 | $18,200 |
| Vernon | $88 | $139 | $338 | $709 | $1,166 |
| Westville | $75 | $159 | $302 | $577 | $907 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Walton Property Appraiser | |
| Website | beacon.schneidercorp.com |