Taylor County Real Estate and Livability Trends
Taylor County, Florida, has witnessed economic growth, with average taxable income per tax return rising from $44,110.21 in 2013 to $57,047.46 in 2021. Housing values remained stable around $80,000-$85,000 until a jump to $89,300 in 2022, suggesting potential growth. Real estate taxes have increased significantly, reflecting either higher property demand or changes in tax rates. An upward trend... Read more
Taylor County Market Trends
Taylor County, Florida, has experienced minimal fluctuation in housing values over the last eight years, hovering around $80,000-$85,000 until a jump to $89,300 in 2022. Although significantly more affordable than the state median ($292,200 in 2022), this uptick may hint at emerging growth potential. The average residential energy tax credit per tax return has soared, from $321.43 in 2013 to... Read more
Median Value of Occupied Housing Units in Taylor County, Florida Over the Last 8 Years
Over the past eight years, median housing values in Taylor County, Florida, have seen minimal fluctuations, with values hovering around the $80,000-$85,000 range until a noticeable jump to $89,300 in 2022. In contrast, Florida's statewide median house value has increased significantly from $159,000 in 2015 to $292,200 in 2022, closely aligning with the national trend where values have similarly climbed from $125,500 to $179,400 over the same period. This data may suggest that while Taylor County remains significantly more affordable, its recent uptick could indicate emerging growth potential, making it potentially attractive for investors seeking lower entry costs while still benefiting from broader market trends.
Residential Energy Tax Credit Per Tax Return in Taylor County, FL Over the Last 8 Years
Taylor County, Florida has seen notable growth in its average residential energy tax credit per tax return over the last eight years. From a modest $321.43 in 2013, the credit spiked to $3,340.00 in 2021, reflecting a growing emphasis on energy efficiency and financial incentives for homeowners investing in sustainable energy solutions. This upward trend offers significant opportunities for investors and developers eyeing green projects, as well as potential residents who can benefit from both cost savings and a more eco-friendly lifestyle.
Average Real Estate Taxes Per Tax Return in Taylor County, FL Over the Last 10 Years
In Taylor County, Florida, real estate taxes per tax return have shown a notable upward trend over the past decade, especially since 2018 when a significant jump is evident. The average amount rose from $2,095.92 in 2012 to $3,782.35 in 2021. This marked increase could suggest a rising demand for property or possibly adjustments in tax rates. For potential investors and homebuyers, the rising tax costs may impact overall expenses, while those already living in the area might be seeing corresponding improvements in infrastructure or services.
Percentage of Farm Returns in Taylor County, FL Over the Last 10 Years
Over the past decade, Taylor County, Florida has seen slight fluctuations in the percentage of farm tax returns, hovering between approximately 2.31% and 2.76%. Farm tax returns represent the proportion of tax filings related to agricultural activities, reflecting the area’s engagement in farming. These figures suggest a relatively stable agricultural presence in the county, although not large, indicating modest but consistent farming operations. For potential investors or homebuilders, this could imply a steady, if not expansive, agricultural sector, indicating some level of rural and farming community influence in Taylor County.
Number of Mortgages by Occupancy Type in Taylor County, FL Over the Last 5 Years in Taylor County
Over the past five years, Taylor County, Florida has shown a noticeable increase in mortgage counts, especially for principal residences. This trend suggests a growing local population, attracting potential investors and builders. Meanwhile, investment properties have remained relatively steady, indicating potential for stable rental income. The variations in second residence mortgages could signal fluctuating interest in vacation properties, affecting regional tourism and seasonal business. Appraisers and insurance agents might see these trends as indicative of evolving property values and risk profiles, influencing premiums and assessments. Real estate agents and those considering relocation can infer these dynamics to better understand the market's demand structure and investment landscape.
Economic Outlook
Taylor County, Florida has shown a notable rise in average taxable income per tax return from $44,110.21 in 2013 to $57,047.46 in 2021, with the sharpest increases between 2018 and 2021. This could signal economic growth and higher wages, making it an attractive option for residential investment. State and local income taxes per tax return have fluctuated, peaking at $5,230.00 in 2016, impacting disposable income and potentially signaling volatility in local economic policies. Total tax... Read more
Average Taxable Income per Tax Return in Taylor County, FL over the last 9 years
Taylor County, FL has shown a notable increase in average taxable income per tax return over the last nine years, growing from $44,110.21 in 2013 to $57,047.46 in 2021. This upward trajectory reached a peak in 2021, reflecting economic growth and potentially higher wages or investment returns. Interestingly, the sharpest increases occurred from 2018 to 2021, indicating recent robust financial gains. This trend signifies a lucrative environment for investors and a potentially higher standard of living for residents, making Taylor County an attractive option for both economic opportunities and residential investment.
Average State and Local Income Taxes Per Tax Return in Taylor County, FL Over the Last 6 Years
Taylor County, Florida has experienced fluctuating state and local income taxes per tax return over the past six years. After a dip to $3,055.56 in 2013, it peaked sharply at $5,230.00 in 2016. This variability can influence potential residents and investors as it impacts disposable income and cost of living considerations. The spike and subsequent decrease reflect broader economic factors that could indicate volatility in local economic policies or economic conditions.
Average Total Tax Liability Per Tax Return in Taylor County, FL Over the Last 10 Years
Taylor County, Florida has seen fluctuating tax liabilities per return over the past decade, peaking notably in 2021 at $8,443.24. Notable increases were also observed in 2015 and 2020, hitting $8,156.78 and $7,536.04, respectively, suggesting potential economic activities driving higher incomes. For investors and those interested in economic trends, these shifts could indicate changing economic conditions in the area, possibly spurred by local developments or broader economic trends affecting taxpayer income and profitability.
Cost of Living in Taylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,331 | $2,296 | $1,255 | $922 |
| 1 adult 4 children | $1,115 | $1,087 | $1,760 | $1,255 | $982 |
| 2 adults 3 children | $1,115 | $1,087 | $1,990 | $1,255 | $715 |
| 1 adult 3 children | $1,115 | $888 | $1,454 | $1,255 | $752 |
| 2 adults 2 children | $826 | $890 | $1,684 | $1,101 | $619 |
| 1 adult 2 children | $826 | $665 | $1,148 | $1,101 | $549 |
| 2 adults 1 child | $826 | $704 | $1,379 | $602 | $598 |
| 1 adult 1 child | $826 | $454 | $842 | $602 | $481 |
| 2 adults | $710 | $565 | $1,073 | $0 | $527 |
| 1 adult | $706 | $308 | $536 | $0 | $457 |
Safety trends & Data
Taylor County, Florida has observed fluctuations in property crime trends over the past two years. Burglary and vandalism incidents have notably decreased from 2019 to 2020, while larceny-theft, though still the highest recorded property offense, has been trending downward. Motor vehicle theft numbers appear steady, but there's a slight uptick in forgery, counterfeiting, and fraud cases. These shifts could impact property investments, influence insurance premiums, and shape community safety... Read more
Property Crime Trends in Taylor County, FL Over the Last 2 Years
Taylor County, Florida has seen fluctuations in property crime trends over the past two years, with notable decreases in burglary and vandalism incidents from 2019 to 2020. Particular interest should be paid to larceny-theft, which remains the highest recorded crime within property offenses, though it's been trending downward. While motor vehicle theft numbers have held steady, there's been a slight increase in forgery and counterfeiting, as well as fraud cases. This insight could influence decisions regarding property investments, insurance premiums, and community safety measures.
Demographics
Taylor County, Florida's population trends show a noticeable male majority, potentially influencing local community dynamics and services. Educational attainment levels appear to lean heavily towards high school graduates, with smaller percentages achieving higher education degrees. Age distribution hints at a fairly balanced spread across various age groups, although there's a slightly higher concentration in the 55 to 64 years bracket. Racial demographics reveal a predominantly White... Read more
Race Distribution in Taylor County, Florida (2022)
Educational Attainment in Taylor County, Florida (2022)
Age Distribution in Taylor County, Florida
Citizen Population in Taylor County, Florida (2022)
Political Trends & Data
Taylor County, Florida, exhibited a pronounced Republican inclination during the 2020 U.S. Presidential Election, where the GOP received roughly 76.5% of votes. Democrats lagged behind with about 22.7%, and minor parties like the Libertarians and Greens barely registered, each securing only around 0.5% and 0.1% of the vote respectively. This overwhelming Republican preference potentially influences socio-economic policies and local governance, impacting aspects like real estate development and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Taylor County, Florida, the 2020 U.S. Presidential Election saw a significant leaning towards Republican candidates, capturing around 76.5% of the vote. Democrats secured approximately 22.7%, while minor parties like the Libertarians and Greens garnered only minimal support, at about 0.5% and 0.1% respectively. This suggests a strong Republican preference in the county, with other parties struggling to make much impact.
76.54% of voters voted for the Republican party in the 2020 Presidential Election
22.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Taylor County, Florida has observed a dramatically fluctuating student-to-teacher ratio, peaking at over 113:1 in 2023, compared to the US national average of 14:1. With sharp increases since 2019, this indicates potential stress on educational resources, possibly due to funding issues, rapid population changes, or insufficient staffing. These trends could affect the county's appeal to relocating families and necessitate more cautious property appraisals and strategic planning by real estate... Read more
Student-to-teacher ratio in Taylor County, Florida over the last 10 years
Taylor County, Florida has shown a highly fluctuating student-to-teacher ratio over the past decade, peaking significantly in 2023 at over 113 students per teacher. This ratio is substantially higher than the current US national average of 14 students per teacher, which indicates potential stress on educational resources and teacher capacity in the county. The sharp increases, particularly since 2019, may reflect underlying challenges such as funding issues, rapid population changes, or insufficient staffing. Such trends could impact the attractiveness of Taylor County for families considering relocation, necessitate more cautious appraisals, and influence decisions by real estate agents and developers. Understanding these dynamics is also crucial for insurance agents assessing risk and coverage options for educational properties.
