Inglis, Florida Property Taxes
The median property tax rate in Inglis, FL is 1.06%, slightly above the national median of 0.99% but below the Florida state median of 1.14%. With the median home value in Inglis at $182,704, the typical annual property tax bill amounts to $1,284, which is lower than the national median of $2,690. Property taxes in Inglis are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Inglis'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 Inglis or another part of Citrus County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Inglis, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,937
$1,831
Ownwell’s Inglis Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Inglis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Inglis to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Citrus County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Inglis, Florida
Property taxes in Inglis, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inglis is 1.06%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Inglis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inglis 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 Inglis's effective property tax rate to other counties in Florida and the national median. For comparison, the 34449 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Inglis provides valuable insights into the varying tax landscape across Citrus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Inglis Tax Rate
1.06%
Average Citrus County Tax Rate
0.82%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | 0.31% | 0.54% | 1.06% | 1.46% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Inglis, Florida
In Inglis, 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 Citrus 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 Inglis, 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 Inglis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,284 in the 34449 zip code.
Average Inglis Assessed Value
$182,704
Average Citrus County Assessed Value
$196,001
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | $43,510 | $70,602 | $182,704 | $350,876 | $497,324 |
Source: Ownwell
Property Tax Bills Across Inglis, Florida
In Inglis, located in Citrus County, FL, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $182,704, homeowners in Inglis can expect varying tax bills. Factors influencing the tax bill include the property's assessed value, local tax rate, and any applicable exemptions. Homeowners in the 25th percentile pay around $543, while those in the 75th percentile see bills closer to $4,015. Even higher, the 90th percentile tax bill reaches approximately $5,731. These figures show a significant range, indicating that individual property characteristics and exemptions play a crucial role. Compared to the national median property tax rate of 0.99%, Inglis homeowners may find their tax bills vary considerably based on these local assessments and rates.
Average Inglis Tax Bill
$1,284
Average Citrus County Tax Bill
$1,605
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | $183 | $543 | $1,284 | $4,015 | $5,731 |
Source: Ownwell
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Dates |
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Links | |
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| Citrus Property Appraiser | |
| Website | www.citruspa.org |