Walton County Property Taxes
Walton County, Florida
Effective Tax Rate
0.00%
9.3% below state avgMedian Annual Tax
$0
$142/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.45%
At a Glance
Median Home Value
$376,400
State avg ▲ $257,245
Tax w/ Mortgage/yr
$2,088
$174/mo escrow
Tax w/o Mortgage/yr
$1,073
$89/mo
State Tax Rate Rank
#1
of 67 counties (1 = lowest)
Data Story
About Property Taxes in Walton County, Florida
Walton has Florida's most generous tax rate
Walton County's effective tax rate of 0.454% ranks among the lowest in the nation, well beneath the U.S. median of 0.89%. Despite median home values of $376,400—33% higher than the national average—Walton residents pay just $1,709 yearly in property tax, less than two-thirds the national median bill of $2,690.
Walton leads Florida in tax breaks
Walton's 0.454% effective rate significantly undercuts Florida's state average of 0.731%, making it one of the most tax-friendly counties in the state. The median annual tax of $1,709 is also well below Florida's state median of $1,885.
Walton far outpaces regional competitors
Walton's rate of 0.454% is substantially lower than neighboring Wakulla County (0.651%) and Washington County (0.504%), providing meaningful relief for residents. On a median home worth $376,400, Walton homeowners save hundreds annually compared to equally valued homes just across county lines.
What a Walton homeowner pays
A median-priced Walton home of $376,400 typically generates an estimated annual property tax of $1,709 without homestead exemption, or $2,088 with a mortgage included. This low rate makes Walton particularly attractive for retirees and families seeking affordable tax scenarios on higher-value properties.
Even low-tax Walton homes warrant review
Even in low-tax Walton County, assessments can sometimes exceed actual property value, leaving money on the table. Filing a free assessment appeal during Florida's annual review cycle could tighten your tax bill further.
Tax Rate Details
Understanding Millage Rates in Walton County
In Florida, property taxes are expressed as a millage rate (also called a mill rate). One mill equals $1 of tax for every $1,000 of assessed property value. Your total property tax bill is determined by adding together the millage rates set by the county, city or municipality, school district, and any special districts.
In Florida, property is assessed at just value (market value), but homestead exemptions can reduce taxable value by $50,000 or more. The millage rate is applied to the taxable value after exemptions. Florida counties, cities, school districts, and special districts each levy their own millage rates.
Walton County has an effective property tax rate of 0.45%, resulting in a median annual tax bill of $1,709. Use the calculator above to estimate your property tax based on Walton County's current rate, or contact the Walton County tax assessor's office for the exact millage rate breakdown for your property.
How Walton County Compares
Median Annual Property Tax
Walton County
0.45%
Effective rate
Florida Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Walton County, Florida?
What is the millage rate in Walton County, Florida?
How much are property taxes in Walton County?
How does Walton County compare to the Florida average?
What is the median home value in Walton County, Florida?
Is Walton County a low property tax area in Florida?
How does Walton County rank for property taxes in Florida?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Florida
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.