Arcadia, Florida Property Taxes
The median property tax rate in Arcadia, FL is 1.12%, slightly higher than the national median of 0.99% but lower than Florida's state median of 1.14%. With the median home value in Arcadia at $149,160, the typical annual property tax bill amounts to $1,548, which is below the national median of $2,690. Property taxes in Arcadia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Arcadia'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 Arcadia or another part of DeSoto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,671
$1,581
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Arcadia, Florida
Property taxes in Arcadia, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 1.12%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other areas in DeSoto County and the national median. For comparison, the 34269 zip code has the highest median property tax rate of 1.24%, while the 34266 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Arcadia provides valuable insights into the varying tax landscape across DeSoto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.12%
Average Desoto County Tax Rate
1.14%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34266 | 0.49% | 0.61% | 1.09% | 1.80% | 2.13% |
| 34269 | 0.55% | 0.71% | 1.24% | 1.63% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Florida
In Arcadia, 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 DeSoto 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 Arcadia, 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. The highest median tax bill in Arcadia is $2,068 in the 34269 zip code, while the lowest is $1,474 in the 34266 zip code. Being aware of these valuation processes in Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$149,160
Average Desoto County Assessed Value
$148,552
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34266 | $64,383 | $99,327 | $145,491 | $208,210 | $301,541 |
| 34269 | $73,313 | $112,909 | $193,400 | $318,850 | $452,534 |
Source: Ownwell
Property Tax Bills Across Arcadia, Florida
In Arcadia, located in DeSoto County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this assessed value, including the property's market value, any improvements made, and comparable property sales in the area. Homeowners in Arcadia experience varying tax bills. For instance, the tax bill at the 25th percentile is $915, while at the 75th percentile, it rises to $2531. The 90th percentile tax bill can reach as high as $3819. These figures show a significant range, reflecting differences in property values and the specific circumstances of each homeowner. Comparatively, the highest median tax bill in DeSoto County is $2068, found in zip code 34269, whereas the lowest is $1474 in zip code 34266. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Arcadia Tax Bill
$1,548
Average Desoto County Tax Bill
$1,616
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34266 | $636 | $897 | $1,474 | $2,420 | $3,539 |
| 34269 | $694 | $1,116 | $2,068 | $3,409 | $5,984 |
Source: Ownwell