Okaloosa County, Florida property tax
The median homeowner in Okaloosa County, Florida pays $1,948 a year in property tax on a home worth $324,800, an effective rate of 0.60%. The national effective rate is 0.98%.
What the rate means here
At 0.60%, Okaloosa County taxes property more lightly than the national 0.98%. With a median home at $324,800, that produces a bill of $1,948. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #54 of 67 Florida counties by effective rate, against a statewide 0.79%, and #2,069 nationally. The state runs from 1.05% in Hardee County down to 0.45% in Walton County.
The median home costs 4.11 times the median household income of $79,097, close to the national 3.86. The county has 214,281 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Okaloosa County | Florida | United States | |
|---|---|---|---|
| Effective property tax | 0.60% | 0.79% | 0.98% |
| Median tax bill | $1,948 | $2,555 | $2,969 |
| Median home value | $324,800 | $325,000 | $303,400 |
| Median gross rent | $1,475 | $1,564 | $1,348 |
| Median household income | $79,097 | $71,711 | $78,538 |
| Home price to income | 4.11× | 4.53× | 3.86× |
| Rent as share of income | 22.38% | 26.17% | 20.6% |
| Owner-occupied | 67.75% | 67.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 214,281.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Clay County | 0.74% | $2,080 | $281,500 |
| Hernando County | 0.72% | $1,732 | $240,700 |
| Charlotte County | 0.89% | $2,581 | $291,000 |
| Santa Rosa County | 0.60% | $1,809 | $302,100 |
| Bay County | 0.60% | $1,653 | $276,900 |
Okaloosa County property tax: common questions
What is the property tax rate in Okaloosa County, Florida?
The effective rate is 0.60% of home value, from a median tax bill of $1,948 against a median home value of $324,800. That is 0.38 points below the national 0.98%.
How much is property tax on a $400,000 home in Okaloosa County?
Roughly $2,400 a year at the county effective rate of 0.60%.
Is Okaloosa County expensive compared with the rest of Florida?
It ranks #54 of 67 Florida counties by effective property tax rate, and #2069 of 2,826 nationally. That is 0.19 points below the Florida average of 0.79%.
What does housing cost in Okaloosa County?
The median home is worth $324,800 and median gross rent is $1,475 a month. Median household income is $79,097, which puts the home at 4.11 times annual income and rent at 22.38% of it.