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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Walton County, Florida

Walton County has an effective property tax rate of 0.45%. On the median home value of $425,100, that's roughly $1,902 per year. Median household income is $81,986.

Effective Property Tax Rate1
0.45%
median tax $1,902 ÷ median home $425,100
Median Home Value1
$425,100
owner-occupied
Median Household Income1
$81,986
per-capita $53,406
Est. Annual Tax on Median Home1
$1,902
at 0.45% effective rate

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.

MetricWalton CountyFlorida (state context)
Effective property tax rate10.45%0.72%
Median home value1$425,100—
State income tax3No state income taxNo state income tax
State sales tax36.98% combined6.98% 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 Walton County, FL

Walton County collects property taxes at an effective rate of 0.447%, well beneath Florida's statewide median of 0.720% and the national figure of 0.794%. Among Florida's 67 counties, this one sits at the very bottom for tax rate — rank 67 of 67 — meaning no county in the state asks less of property owners relative to value. That ranking signals a county where property taxes exert comparatively little drag on ownership costs. A median home worth $425,100 carries an annual real-estate tax bill of about $1,902, set against a median household income of $81,986 and per-capita income of $53,406. Communities such as Defuniak Springs, Freeport, and Santa Rosa Beach fall within these boundaries, and buyers weighing those markets encounter one of the lightest county-level tax loads available anywhere in Florida.

Frequently asked questions

What is the property tax rate in Walton County, FL?
The effective rate is 0.45% — meaning the median tax bill equals about 0.45% of the median home value.
How much are property taxes on a median home?
On the median home ($425,100), the estimated annual bill is about $1,902.
Is Walton County's rate high or low?
Compare it to the state median of 0.72% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Walton County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Walton County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.