APN: 00060145R Homestead Cap Applied

1040 OLD BAY CITY RD

WEWAHITCHKA, FL 32465 • Gulf County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting $21,598 in unassessed value. A post-transfer reassessment upon sale may increase taxable assessed value by up to 42.6%.
Financial & Assessment Core
Assessor Fair Market Value
$72,354
Taxable Assessed Value
$50,756
Est. Benchmark Tax (Unadjusted)
$412 / yr
at 0.57% benchmark baseline
Cadastral Land Area
2.50 Acres
108,900 sq ft
Cadastral Land Area
2.50 Acres
108,900 sq ft
Cadastral Attributes & Deed Registry
Recorded Legal Owner BEATTY ELWIN J JR
Mailing Address 1040 OLD BAY CITY RD, WEWAHITCHKA FL
Land Classification Single Family Residence
Improvement Share 18% Structure • 82% Land
Legal Description HOWARD CREEK PROPERTIES
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Cadastral Analysis & Tax Equity Simulation

Interactive Simulator

1040 OLD BAY CITY RD is cataloged under the Gulf County, FL property tax appraisal roll with an assessor fair market valuation of $72,354. Structural improvements constitute 18% ($12,854) of total parcel value, with allocated land value accounting for 82% ($59,500). The parcel currently benefits from a statutory tax assessment differential of $21,598 (29.9% below market), which is subject to standard ad valorem adjustments upon ownership conveyance. Based on the prevailing FL benchmark tax rate of 0.57%, estimated annual ad valorem taxes are approximately $412/year.

Property Tax Appeal Savings Simulator
Slide left to simulate lower assessed comp value
Target Valuation: $72,354
-50% ($36,177) Current Roll ($72,354)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Gulf County benchmark tax rate of 0.57% (approx. 5.7 mills).
Step-by-step appeal guide →
* Illustrative benchmark calculation based on county baseline. Actual tax bills vary by municipal taxing district, school millage, and statutory exemptions.
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