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 plan your tax budget, avoid surprises, and spot costly errors.
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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.
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.