Indian Harbour Beach, Florida Property Taxes
The median property tax rate in Indian Harbour Beach, FL is 0.93%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Indian Harbour Beach at $370,450, the typical annual property tax bill amounts to $3,161, surpassing the national median of $2,690. Property taxes in Indian Harbour Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding the local property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Indian Harbour Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Indian Harbour Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$3,445
$3,257
$1,148
Average Indian Harbour Beach, Florida Tax Savings
Ownwell’s Indian Harbour Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indian Harbour Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indian Harbour Beach to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Indian Harbour Beach. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Indian Harbour Beach, Florida
Property taxes in Indian Harbour Beach, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Harbour Beach is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Indian Harbour Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Harbour Beach estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Indian Harbour Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 32937 zip code has the highest median property tax rate of 0.93%, while the same 32937 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Indian Harbour Beach provides valuable insights into the varying tax landscape across Brevard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Indian Harbour Beach Tax Rate
0.93%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Harbour Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | 0.37% | 0.54% | 0.93% | 1.36% | 1.50% |
Source: Ownwell
$1,148
Average Indian Harbour Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Indian Harbour Beach, Florida
In Indian Harbour Beach, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Brevard County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Indian Harbour Beach, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Indian Harbour Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32937 has both the highest and lowest median tax bill at $3,161, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Indian Harbour Beach, Florida
Source: Ownwell
$26,900
$241,780
$456,660
Average Indian Harbour Beach Assessed Value
$370,450
Average Brevard County Assessed Value
$243,020
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Indian Harbour Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | $182,950 | $258,740 | $370,450 | $494,470 | $732,270 |
Source: Ownwell
$1,148
Average Indian Harbour Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Indian Harbour Beach, Florida
Property tax bills in Indian Harbour Beach, located in Brevard County, FL, are determined by multiplying the assessed value of a property by the local tax rate. The median home price in the area is $370,450, which can significantly influence the assessed value. Factors such as property size, location, and market conditions are also considered in the assessment process. Homeowners in Indian Harbour Beach face varying property tax bills, with the 25th percentile at $1,736 and the 90th percentile reaching up to $7,661. This range indicates substantial variability based on property characteristics and local tax rates. Ownwell can help homeowners in Indian Harbour Beach save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell ensures that homeowners are not overpaying. This professional assistance can lead to significant tax savings, offering peace of mind and financial relief to property owners in the area.
Average Indian Harbour Beach Tax Bill
$3,161
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Harbour Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | $1,061 | $1,736 | $3,161 | $5,092 | $7,661 |
Source: Ownwell
$1,148
Average Indian Harbour Beach Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Brevard Property Appraiser | |
| Website | www.bcpao.us |
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