Freeport, Walton County, Florida Property Taxes
Property Taxes in Freeport, Florida
Median Freeport, Florida effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Freeport, Florida home value: $305,413
Median annual Freeport, Florida tax bill: $1,892, $508 lower than the national median property tax bill of $2,400.
How are property taxes in Walton calculated?
Property taxes in Freeport, 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 Freeport's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Freeport, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Freeport, Walton County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$2,168
$2,012
How Does the Freeport Property Tax Calculator Work?
Use this Freeport property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Freeport's median effective tax rate of 0.71% — based on actual property records in Walton 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 Freeport'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 Freeport: rates range from $1,892 in 32439 to $1,892 in 32439, 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 Freeport.
About Freeport Property Taxes
About Property Taxes in Freeport, Walton, Florida
Freeport’s median effective property tax rate of 0.71% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Walton County base levy combined with local school district levies and Municipal Service Benefit Units that can vary by subdivision throughout the city.
Property tax rates are not uniform across Freeport. Homeowners in the 32439 ZIP code carry a median effective rate of 0.71%, and the same ZIP also has a median property tax bill of $1,892. This reflects how school district boundaries and local assessment districts are drawn across Walton County.
Freeport 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 Freeport, Walton 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 Freeport'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 Freeport Tax Rate
0.71%
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 Walton County Tax Rate
0.74%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Freeport, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32439 | 0.17% | 0.37% | 0.71% | 1.05% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Freeport, Walton County, Florida
When examining property taxes in Freeport, 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 Walton 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:
In Walton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
Each property owner receives an assessment 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 Freeport is $305,413, with tax bills ranging significantly across the county. 32439 has the highest median home price at $305,413.
Property Tax Assessment Values Across Freeport, Walton County, Florida
Source: Ownwell
$59,290
$654,110
$1,248,930
Median Freeport Market Value
$305,413
Median Walton County Market Value
$478,810
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Freeport, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32439 | $76,523 | $191,400 | $305,413 | $408,792 | $529,551 |
Source: Ownwell
Property Tax Bills Across Freeport, Walton County, Florida
Property tax bills in Freeport are based on the assessed value of a home and the local tax rate set for Walton County. To calculate the bill, the assessed value is multiplied by the applicable tax rate, which means homes with higher market values generally face larger tax bills. Local factors, including exemptions and any changes in assessed value, can also affect the final amount.
For homeowners in Freeport, this means the property tax bill can vary widely even among similar homes. The median home price is $305,413, while the 25th percentile tax bill is $646 and the 75th percentile tax bill is $3,418. At the top end, the 90th percentile tax bill reaches $4,667. The median tax bill in ZIP code 32439 is $1,892, which is below the national median property tax bill of $2,400.
Median Freeport Tax Bill
$1,892
Median Walton County Tax Bill
$3,340
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Freeport, Walton County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32439 | $255 | $646 | $1,892 | $3,418 | $4,667 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Walton Property Appraiser | |
| Website | beacon.schneidercorp.com |