Ormond Beach, Florida Property Taxes
The median property tax rate in Ormond Beach, FL is 1.14%, aligning with the state median but higher than the national median of 0.99%. With the median home value in Ormond Beach at $379,503, the typical annual property tax bill reaches $4,452, significantly exceeding the national median of $2,690. Property taxes in Ormond Beach are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ormond Beach'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 Ormond 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
Ormond Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,326
$4,094
Ownwell’s Ormond Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ormond Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ormond Beach 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 Ormond Beach, Florida
Property taxes in Ormond Beach, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ormond Beach is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ormond Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ormond 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. For comparison, the 32174 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Ormond Beach provides valuable insights into the varying tax landscape across Flagler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ormond Beach Tax Rate
1.14%
Average Flagler County Tax Rate
1.06%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | 0.63% | 0.77% | 1.14% | 1.40% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Ormond Beach, Florida
In Ormond 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 Flagler County Appraisal District 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 Ormond 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. For instance, the highest median tax bill in the area is $4,452 in the 32174 zip code. 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 Ormond Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ormond Beach Assessed Value
$379,503
Average Flagler County Assessed Value
$277,189
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | $249,869 | $309,166 | $379,503 | $505,013 | $606,254 |
Source: Ownwell
Property Tax Bills Across Ormond Beach, Florida
In Ormond Beach, Flagler County, FL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county property appraiser and is generally a percentage of the property's market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, Florida's Homestead Exemption can significantly reduce the taxable value for eligible homeowners, thereby lowering the tax bill. The median home price in Ormond Beach stands at $379,503, with property tax bills varying widely. The 25th percentile tax bill is $2,676, while the 75th percentile reaches $6,149, and the 90th percentile can be as high as $8,103. These figures highlight the range of tax burdens homeowners can face, impacting their overall financial planning and home affordability.
Average Ormond Beach Tax Bill
$4,452
Average Flagler County Tax Bill
$3,117
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | $1,783 | $2,676 | $4,452 | $6,149 | $8,103 |
Source: Ownwell