Wakulla County Property Tax Rates
The following table lists the Wakulla County Property Tax rates in a formatted manner. The columns include the tax and the rate per $100 of assessed value:
| Tax Category | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $6.27 |
| School Tax | $6.73 |
| Municipal Tax | $0.00 |
| Special Tax | $0.00 |
| Total Tax | $13.00 |
It is important for taxpayers to understand and plan for these property tax rates in order to properly budget for their property ownership expenses in Wakulla County.
Example of Wakulla County Property Tax Calculation
Wakulla County calculates property tax based on the assessed value of a property. For example, if a property is assessed at $100,000, and the millage rate for the county is 10 mills, then the property tax would be $1,000 ($100,000 x 0.01 x 10).
The millage rate is determined by the county commission and is expressed in mills, or tenths of a cent per dollar. In Wakulla County, the millage rate varies depending on the location and type of property.
To calculate the property tax for an individual property, the assessed value is multiplied by the millage rate and then divided by 1,000. This provides the amount of tax to be paid for the property.
It is important to note that property taxes in Wakulla County are due annually and must be paid by the deadline to avoid penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Wakulla County ?
The property tax rates in Wakulla County are set by the Wakulla County Board of County Commissioners. They do so annually during their budget meetings, typically held in September. The property tax rate is based on the assessed value of the property and is used to fund local government services, such as schools, parks, and law enforcement. The tax rate can vary depending on changes in property values and the budgetary needs of the county. It is important to note that property owners have the right to challenge their property assessment if they believe it is inaccurate.
Homestead exemptions in Wakulla County ?
To help homeowners in Wakulla County, Florida take advantage of all available exemptions and deductions, here is a table that includes all county-specific Homestead exemptions and deductions.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead Exemption | All homeowners | Up to $50,000 | Applies to the assessed value of the property |
| Additional Homestead Exemption for Seniors | Homeowners aged 65+ with a household income less than $30,174 | Up to $50,000 | Applies to the assessed value of the property. Seniors must apply annually and provide proof of income |
| Veteran's Exemption | Honorably discharged veterans with a service-connected disability of at least 10% | Up to $5,000 | Applies to the assessed value of the property |
| Disabled Veteran's Exemption | Honorably discharged veterans with a service-connected disability of 100% | Full exemption | Applies to the assessed value of the property |
| Widow's and Widower's Exemption | Widows and widowers | Up to $500 | Applies to the assessed value of the property |
| Disability Exemption | Homeowners with a total and permanent disability | Up to $500 | Applies to the assessed value of the property |
| Agricultural Classification | Property used for bona fide agricultural purposes | Varies | Property must meet certain criteria and must be applied for annually |
It's important to note that some exemptions and deductions require annual applications and certain eligibility requirements must be met. Homeowners are encouraged to contact the Wakulla County Property Appraiser's office for more information and assistance in applying for these benefits.
When is Wakulla County Property Tax due ?
Wakulla County Property Tax is typically due on March 31st every year. There are different payment methods available for taxpayers to choose from. Here are the available payment methods and their description:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can pay their property tax through the Wakulla County Tax Collector's website. The website accepts payments through electronic check, debit card, and credit card. A convenience fee will be charged for credit card and debit card payments. |
| Mail-in Payment | Taxpayers can send their payment through mail using a check or money order. The check or money order should be payable to the Wakulla County Tax Collector and should include the property tax account number. |
| In-person Payment | Taxpayers can pay their property tax in person at the Wakulla County Tax Collector's office. The office is located at 3093 Crawfordville Highway, Crawfordville, Florida. Payments can be made using cash, check, money order, debit card or credit card. A convenience fee will be charged for credit card and debit card payments. |
It is important to note that failure to pay property tax on time will result in penalties and interest charges. Taxpayers should make sure to check their property tax bill for the exact amount due and the due date.
If you have more questions - contact your local tax collector.
How is Wakulla County Property Tax penalty calculated ?
The penalty for late payment of property taxes in Wakulla County, Florida is calculated based on a percentage of the unpaid amount, and it increases over time. Here's an example to help understand how it works:
Let's say John owns a property in Wakulla County and his annual property tax bill is $2,000. The due date for the payment is March 31. However, John forgets to pay on time and makes the payment on May 1 instead. As a result, he will be charged a penalty for the late payment.
The penalty is calculated as follows:
- First month: 3% of the unpaid tax amount ($2,000 x 3% = $60)
- Second month: An additional 1.5% of the unpaid tax amount ($2,000 x 1.5% = $30)
- Third month and beyond: An additional 1.5% of the unpaid tax amount for each month that the tax remains unpaid
So, in John's case, his penalty for the late payment would be $60 for the first month, plus $30 for the second month, for a total of $90. If he still hasn't paid by June 1, an additional $30 will be added to the penalty, and so on.
It's important to note that this is just an example, and the actual penalty amount can vary depending on the specific circumstances. Therefore, it's always best to make sure to pay property taxes on time to avoid any late fees or penalties.
We recommend contacting the Wakulla County Tax Office or a local tax professional for the most up-to-date and accurate information.