Property Tax & Income in Okeechobee County, Florida
Okeechobee County has an effective property tax rate of 0.74%. On the median home value of $193,000, that's roughly $1,423 per year. Median household income is $57,984.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Okeechobee County | Florida (state context) |
|---|---|---|
| Effective property tax rate1 | 0.74% | 0.72% |
| Median home value1 | $193,000 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 6.98% combined | 6.98% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Okeechobee County, FL
Buying in Okeechobee County means weighing a higher tax rate against substantially cheaper homes. At 0.737%, the effective property tax rate sits just above Florida's 0.720% median and ranks 29th among the state's 67 counties. Yet the median home value of $193,000 produces an annual tax bill of about $1,423 — a figure that stays low largely because prices themselves are low. That combination can matter more than the rate alone for buyers working within a budget. Households here earn a median of $57,984, with per-capita income at $28,796, so the tax bill equals roughly 2.5% of typical household earnings. Nationally, the median effective rate is 0.794%, placing Okeechobee County below the country as a whole. Okeechobee, the county's principal city, anchors a market where entry costs remain within reach for many prospective owners.