Oakland Park, Florida Property Taxes
The median property tax rate in Oakland Park, FL is 1.70%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $301,190 in Oakland Park, the typical annual property tax bill reaches $3,765, surpassing the national median of $2,690. Property taxes in Oakland Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oakland Park's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Oakland Park 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
Oakland Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$5,120
$4,841
$1,148
Average Oakland Park, Florida Tax Savings
Ownwell’s Oakland Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakland Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakland Park 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 Oakland Park. 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 Oakland Park, Florida
Property taxes in Oakland Park, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakland Park is 1.70%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Oakland Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakland Park 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 Oakland Park's effective property tax rate to other areas in Broward County and the national median. For comparison, the 33324 zip code has the highest median property tax rate of 2.57%, while the 33308 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Oakland Park provides valuable insights into the varying tax landscape across Broward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakland Park Tax Rate
1.70%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33306 | 0.56% | 0.81% | 1.62% | 2.10% | 2.30% |
| 33308 | 0.81% | 1.08% | 1.53% | 1.98% | 2.25% |
| 33309 | 0.48% | 0.76% | 1.73% | 2.08% | 2.26% |
| 33311 | 0.56% | 0.76% | 1.58% | 2.03% | 2.32% |
| 33314 | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 33324 | 2.57% | 2.57% | 2.57% | 2.57% | 2.57% |
| 33334 | 0.55% | 0.83% | 1.70% | 2.09% | 2.29% |
Source: Ownwell
$1,148
Average Oakland Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Oakland Park, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oakland Park, Florida. 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 Broward 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 Oakland Park, 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. For instance, the zip code 33314 has the highest median tax bill at $9,363, while the zip code 33309 has the lowest median tax bill at $3,373. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Oakland Park, Florida
Source: Ownwell
$92,640
$3,655,020
$7,217,400
Average Oakland Park Assessed Value
$301,190
Average Broward County Assessed Value
$357,080
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33306 | $404,628 | $513,870 | $601,410 | $721,480 | $827,306 |
| 33308 | $418,146 | $428,325 | $445,290 | $462,255 | $472,434 |
| 33309 | $135,660 | $168,840 | $215,570 | $347,448 | $495,673 |
| 33311 | $234,660 | $283,410 | $290,760 | $420,270 | $541,803 |
| 33314 | $479,940 | $479,940 | $479,940 | $479,940 | $479,940 |
| 33324 | $290,480 | $290,480 | $290,480 | $290,480 | $290,480 |
| 33334 | $123,990 | $233,280 | $400,270 | $570,495 | $696,706 |
Source: Ownwell
$1,148
Average Oakland Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Oakland Park, Florida
In Oakland Park, property tax bills are calculated based on the assessed value of a home, which is determined by the Broward County Property Appraiser. The assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $301,190, homeowners in Oakland Park can expect their property tax bills to vary significantly. For example, tax bills range from $2,505 at the 25th percentile to $9,646 at the 90th percentile, with the highest median tax bill in the area reaching $9,363 in the 33314 zip code. Several factors influence the tax bill, including property location, market value, and any applicable exemptions. High property taxes can be a significant burden for homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell specializes in property tax appeal and exemption services, helping homeowners in Oakland Park potentially save thousands on their tax bills by ensuring their property is assessed correctly and by identifying and applying for all eligible exemptions.
Average Oakland Park Tax Bill
$3,765
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33306 | $2,918 | $4,286 | $8,413 | $12,951 | $15,323 |
| 33308 | $3,703 | $4,752 | $6,500 | $8,247 | $9,296 |
| 33309 | $987 | $2,250 | $3,373 | $4,432 | $7,208 |
| 33311 | $1,456 | $2,156 | $4,495 | $6,201 | $7,780 |
| 33314 | $9,363 | $9,363 | $9,363 | $9,363 | $9,363 |
| 33324 | $7,469 | $7,469 | $7,469 | $7,469 | $7,469 |
| 33334 | $1,931 | $2,709 | $4,806 | $8,300 | $11,191 |
Source: Ownwell
$1,148
Average Oakland Park 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 18 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Broward Property Appraiser | |
| Phone | (954) 357-6904 |
| Website | web.bcpa.net |
| martykiar@bcpa.net | |
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