Bonifay, Holmes County, Florida Property Taxes
Property Taxes in Bonifay, Florida
Median Bonifay, Florida effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Bonifay, Florida home value: $70,762
Median annual Bonifay, Florida tax bill: $598, lower than the national median property tax bill of $2,400.
How are property taxes in Holmes calculated?
Property taxes in Bonifay, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bonifay's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bonifay, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bonifay, Holmes County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$651
$604
How Does the Bonifay Property Tax Calculator Work?
Use this Bonifay property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bonifay's median effective tax rate of 0.92% — based on actual property records in Holmes County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bonifay's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Bonifay: rates range from 0.92% in 32425 to 0.92% in 32425, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bonifay.
About Bonifay Property Taxes
About Property Taxes in Bonifay, Holmes, Florida
Bonifay’s median effective property tax rate of 0.92% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Holmes County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Bonifay. Homeowners in the 32425 ZIP code carry a median effective rate of 0.92%, while those in the same ZIP also pay 0.92%. This reflects how school district boundaries and local assessment districts are drawn across Holmes County. Understanding where you live in Bonifay can still make a meaningful difference to your annual tax bill.
Bonifay homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before the September 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Bonifay, Holmes County, Florida
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Bonifay's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bonifay Tax Rate
0.92%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Holmes County Tax Rate
0.88%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bonifay, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | 0.32% | 0.59% | 0.92% | 1.45% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Bonifay, Holmes County, Florida
When examining property taxes in Bonifay, Florida, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Holmes County property appraiser estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Bonifay is $70,762, with tax bills ranging across the county. ZIP code 32425 has the highest median home price at $70,762.
Property Tax Assessment Values Across Bonifay, Holmes County, Florida
Source: Ownwell
$46,683
$61,470
$76,256
Median Bonifay Market Value
$70,762
Median Holmes County Market Value
$65,758
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bonifay, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | $25,700 | $42,974 | $70,762 | $116,183 | $168,031 |
Source: Ownwell
Property Tax Bills Across Bonifay, Holmes County, Florida
Property tax bills in Bonifay are based on the assessed value of a home, not its market price alone. Local tax rates are then applied to that assessed value to determine the final bill, with exemptions and other qualifying factors helping reduce what a homeowner owes. Because property taxes are tied to value, changes in a home’s assessment can directly affect the amount due each year.
For homeowners in Bonifay, the median home price is $70,762, while the median property tax bill is $598.00. That bill is below the national median property tax bill of $2,400 and reflects a property tax rate that is often shaped by local assessments and county-level tax rules. Bills can vary widely, with the 25th percentile at $340 and the 90th percentile at $1,904, showing how much the tax burden can differ from one homeowner to another.
Median Bonifay Tax Bill
$598
Median Holmes County Tax Bill
$525
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Bonifay, Holmes County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32425 | $165 | $340 | $598 | $1,180 | $1,904 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
Links | |
|---|---|
| Holmes Property Appraiser | |
| Website | qpublic.schneidercorp.com |