Your Property Tax Bill Explained
If you own property in Palm Coast, you pay property taxes. Your property tax bill is based on the assessed value of your property, any exemptions for which you qualify, and a property tax rate. This page will break down those costs and help you budget for taxes, avoid surprises, and spot costly errors.
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Before Buying a Home
Before you purchase a new home, research information about property taxes from the Flagler County Property Appraiser’s office. The property appraiser’s website features a Tax Estimator based on the location of the home. Be sure to understand how your home will be taxed and how those taxes could increase or affect your homebuying budget.
When will I know the amount of my tax bill?
Each August, the Property Appraiser sends a Truth in Millage (TRIM) notice to all property owners as required by law. This notice is very important — look for it in the mail! You’ll recognize it by prominent lettering, “DO NOT PAY – This is not a bill.”
The TRIM notice tells you the taxable value of your property.
Taxable value is the just value less any exemptions.
The TRIM notice also gives you information on proposed millage rates and taxes as estimated by your community taxing authorities. Additionally, it explains when and where these authorities will hold public meetings to discuss tentative budgets to finalize your millage tax rates and, therefore, your taxes.
How is my property appraised?
The value of your property is considered each year as of Jan 1st. At least once every five years, the Property Appraiser or a staff appraiser will visit and inspect each property. Individual property values may be adjusted in light of sales activity or other factors affecting real estate values in your neighborhood. Sales of similar properties are strong indicators of value in the real estate market.
How are my tax dollars distributed?
Property tax dollars are divided among different taxing authorities to support public services. These authorities include Flagler County Government, Flagler County School Board, the City of Palm Coast, the St. Johns River Water Management District, East Flagler Mosquito Control District, and the Florida Inland Navigation District. Each authority decides how to use the funds to provide essential community services.
What are the available exemptions?
In Florida, there are several property tax exemptions available to eligible individuals. Some of the commonly available property tax exemptions in Florida include: Homestead Exemption, Senior Citizen Exemption, Disabled Veteran Exemption, Widow/Widower Exemption, and Deployed Military Exemption.
Please note that exemption eligibility, application processes, and requirements can change over time. It's important to check with the Flagler County Property Appraiser's Office or the Florida Department of Revenue for the most up-to-date and accurate information about available property tax exemptions in the state of Florida.
History of Palm Coast's Millage Rate
In 2024, the Palm Coast City Council took a significant step by adopting the rollback millage rate. This decision reflects a careful balance between maintaining essential public services and ensuring responsible fiscal management. By opting for the rollback rate, the City aims to provide tax relief to its residents while still generating the necessary revenue to support crucial functions such as infrastructure, public safety, and community programs.