Chokoloskee, Florida Property Taxes
The median property tax rate in Chokoloskee, FL is 1.08%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $94,386 in Chokoloskee, the typical annual property tax bill is approximately $1,075, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Chokoloskee's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Chokoloskee or elsewhere in Collier County, familiarizing yourself with the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Chokoloskee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,019
$965
Ownwell’s Chokoloskee Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chokoloskee with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Chokoloskee to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Collier County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Chokoloskee, Florida
Property taxes in Chokoloskee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chokoloskee is 0.68%, which is lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Chokoloskee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chokoloskee 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 Chokoloskee's effective property tax rate to other counties in Florida and the national median. For comparison, the 34138 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Chokoloskee provides valuable insights into the varying tax landscape across Collier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chokoloskee Tax Rate
1.08%
Average Collier County Tax Rate
0.90%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chokoloskee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34138 | 0.91% | 1.00% | 1.08% | 1.33% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Chokoloskee, Florida
In Chokoloskee, 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 Collier 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 Chokoloskee, 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 Chokoloskee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chokoloskee stands at $94,386, with tax bills ranging from $810 at the 25th percentile to $3,064 at the 90th percentile. Interestingly, the zip code 34138 has both the highest and lowest median tax bill, which is $1,075.
Average Chokoloskee Assessed Value
$94,386
Average Collier County Assessed Value
$405,816
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chokoloskee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34138 | $66,149 | $67,882 | $94,386 | $190,739 | $247,679 |
Source: Ownwell
Property Tax Bills Across Chokoloskee, Florida
In Chokoloskee, property tax bills are calculated based on the assessed value of the property, which is determined by the Collier County Property Appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, recent sales of comparable properties, and any improvements or renovations made to the property. For homeowners in Chokoloskee, the property tax bill can vary significantly. The 25th percentile tax bill is around $810, while the 75th percentile tax bill can reach up to $2,031. At the 90th percentile, homeowners might see a tax bill as high as $3,064. With a median home price of $94,386, the tax rates in Chokoloskee are relatively modest compared to the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to the value of the property, providing a fair method of funding local services and infrastructure.
Average Chokoloskee Tax Bill
$1,075
Average Collier County Tax Bill
$3,434
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Chokoloskee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34138 | $682 | $810 | $1,075 | $2,031 | $3,064 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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