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Updated 2025 Tax Year

Wakulla County
Property Tax Guide

Everything you need to know about property taxes in Wakulla County, FL. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by district - base county rate plus special districts and municipal assessments
1st Due
Nov 1
Exemptions
6+ Available
Section 1

How Property Tax Works

Wakulla County's property tax system serves as the primary funding mechanism for essential local services including public schools, county government operations, emergency services, and various special district functions. Property taxes in Wakulla County are assessed based on the January 1st market value of real property, with taxes levied annually to support county operations and local school districts.

The effective property tax rates in Wakulla County vary by location within the county due to different combinations of special taxing districts, municipal boundaries, and local assessments. Wakulla County ranks among Florida's counties with a higher percentage of homestead properties (50.3% homestead vs. 49.7% non-homestead), reflecting its residential character. Actual tax bills depend on your property's assessed value, applicable tax credits or exemptions you've applied for, and the specific taxing districts where your property is located.

Your total property tax bill represents a combination of county-wide levies, school district taxes, and any applicable special district assessments for services like fire protection, water management, or community development districts. It's important to note that most tax credits and exemptions require annual application and are not automatically applied to your property.

Section 2

What Makes Up Your Tax Bill

The following rates apply to FY 2025-2026 levy year in Wakulla County:

ComponentMillage RateDescription
County General Fund~8.5 millsBasic county services, administration
School District~6.8 millsPublic education funding
State Required~0.3 millsState-mandated assessments
Base County Total~15.6 millsCore county and school taxes
Special DistrictsVariesFire districts, water management, CDD
MunicipalVariesCity taxes (if within city limits)

Note: 1 mill = $1 per $1,000 of assessed value. These are approximate rates and actual millage rates are set annually during the budget process. Your specific tax rate depends on which special taxing districts serve your property location. Properties in different areas of Wakulla County may have significantly different total millage rates due to special district variations.

The total effective rate typically ranges from 15-25 mills depending on your property's location and applicable special districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Wakulla County, property taxes are due in two installments:

First Installment
Nov 1
Delinquent after Dec 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Wakulla County are additional property tax assessments that occur when there are changes to a property during the tax year that affect its assessed value. These situations trigger a supplemental assessment because the original January 1st assessment no longer reflects the property's current taxable status.

Common triggers for supplemental taxes include: new construction or completed improvements that add value to the property, changes in property ownership, removal or reduction of exemptions (such as losing homestead status), and corrections to assessment errors discovered during the tax year. The supplemental tax is calculated by applying the current year's tax rate to the difference between the new assessed value and the original assessed value, prorated for the remaining months in the tax year.

For example, if you complete a $100,000 home addition in July and your property's millage rate is 20 mills, the supplemental tax would be calculated as: ($100,000 × 0.020) × (6 months remaining ÷ 12 months) = $1,000. Supplemental tax bills are typically issued within 30-60 days of the triggering event and have separate due dates from your regular property tax bill.

Example Calculation

Example 1: $300,000 Property Value

  • Market Value: $300,000
  • Homestead Exemption Applied: -$50,000
  • Net Taxable Value: $250,000
  • Tax Rate (20 mills): $250,000 × 0.020 = $5,000
  • Annual Tax: $5,000 | Monthly: $417

Example 2: $600,000 Property Value

  • Market Value: $600,000
  • Homestead Exemption Applied: -$50,000
  • Senior Exemption Applied (if qualified): -$50,000
  • Net Taxable Value: $500,000
  • Tax Rate (20 mills): $500,000 × 0.020 = $10,000
  • Annual Tax: $10,000 | Monthly: $833

Example 3: $1,000,000 Property Value

  • Market Value: $1,000,000
  • Homestead Exemption Applied: -$50,000
  • Net Taxable Value: $950,000
  • Tax Rate (20 mills): $950,000 × 0.020 = $19,000
  • Annual Tax: $19,000 | Monthly: $1,583

Note: These examples assume a 20-mill rate and that applicable exemptions have been applied for and approved. Actual rates vary by property location within Wakulla County. All exemptions require annual application and approval.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Wakulla County require property tax escrow accounts for loans with less than 20% down payment, though some lenders may require escrow regardless of down payment amount. Your lender collects approximately 1/12th of your estimated annual property tax bill with each monthly mortgage payment, depositing these funds into an escrow account specifically designated for your property taxes.

Lenders typically pay your Wakulla County property taxes directly to the Tax Collector's office before the March 31st due date to avoid penalties and protect their interest in the property. Your lender should provide an annual escrow statement showing all deposits, payments made on your behalf, and any surplus or shortage in the account. If your property taxes increase due to rising assessments or millage rates, your lender may increase your monthly escrow payment or require a lump-sum payment to cover shortfalls.

It's important to verify that your lender has paid your taxes by checking with the Wakulla County Tax Collector's office, especially if you receive any delinquent tax notices. You remain ultimately responsible for ensuring your property taxes are paid, even when using an escrow account. If you pay off your mortgage or refinance, you'll need to transition to making direct tax payments to the county.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Wakulla County for FY 2025-2026? A: Property taxes are due in full by March 31st. Early payment discounts are available: 4% in November, 3% in December, 2% in January, and 1% in February. Taxes become delinquent on April 1st with penalties and interest applied.

Q: What tax credits and exemptions are available, and do I need to apply? A: Major credits include Homestead Exemption (up to $50,000), Senior Exemption (additional $50,000 for qualifying seniors), Veterans' Exemption, and Disability Exemptions. All exemptions require annual application with the Property Appraiser's office by March 1st deadline.

Q: How does the Homestead Exemption work? A: The Homestead Exemption provides up to $50,000 reduction in assessed value and caps annual assessment increases at 3% under Florida's Save Our Homes law. You must apply with the Property Appraiser by March 1st, and the property must be your primary residence as of January 1st.

Q: Can I appeal my property assessment? A: Yes, you can petition the Value Adjustment Board if you believe your assessment is incorrect. Petitions must typically be filed by the 25th day following the mailing of the Notice of Proposed Property Taxes (usually late July/early August).

Q: What happens if I pay my property taxes late? A: Taxes become delinquent on April 1st. Penalties include 3% in April, plus 1.5% for each additional month. After two years of delinquency, properties may be sold at tax deed sale.

Q: How can I pay my property taxes online? A: The Wakulla County Tax Collector offers online payment options through their official website. Accepted methods typically include bank transfers, credit cards (with convenience fees), and electronic checks.

Q: Why did my property taxes increase this year? A: Increases can result from higher property assessments, increased millage rates set by local governments, loss of exemptions, or new special district assessments in your area.

Q: What are special district taxes on my bill? A: Special districts provide specific services like fire protection, water management, or community development. These appear as separate line items and vary by property location within Wakulla County.

Q: How do I transfer my Save Our Homes benefit when moving within Florida? A: The Save Our Homes portability benefit can be transferred to a new homestead property. You must apply with the Property Appraiser in your new county within two years of establishing the new homestead.

Q: Where can I get help understanding my property tax bill? A: Contact the Wakulla County Property Appraiser's office for assessment questions or the Tax Collector's office for payment and billing questions. Both offices provide customer service and educational resources for property owners.

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