Property Tax in Walton County
via TaxByCounty
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.