Labelle, Florida Property Taxes
The median property tax rate in Labelle, FL is 1.40%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Labelle at $188,253, the typical annual property tax bill reaches $2,174, which is below the national median of $2,690. Property taxes in Labelle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Labelle'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 Labelle 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
Labelle, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,636
$2,494
Ownwell’s LaBelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LaBelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LaBelle 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 Labelle, Florida
Property taxes in Labelle, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Labelle is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Labelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Labelle 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 Labelle's effective property tax rate to other counties in Florida and the national median. For comparison, the 33935 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Labelle provides valuable insights into the varying tax landscape across Hendry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Labelle Tax Rate
1.40%
Average Hendry County Tax Rate
1.36%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Labelle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33935 | 0.52% | 0.72% | 1.40% | 1.83% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Labelle, Florida
In LABELLE, 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 Hendry 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 LABELLE, 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 LABELLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in LABELLE are both $2,174, found in the 33935 zip code.
Average Labelle Assessed Value
$188,253
Average Hendry County Assessed Value
$171,703
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Labelle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33935 | $76,675 | $127,832 | $188,253 | $252,538 | $344,975 |
Source: Ownwell
Property Tax Bills Across Labelle, Florida
In Labelle, located in Hendry County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax amount. For homeowners in Labelle, property tax bills can vary significantly. The 25th percentile of tax bills is around $1,140, while the 75th percentile reaches up to $3,649. At the 90th percentile, tax bills can go as high as $5,214. The median home price in Labelle is approximately $188,253, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, Labelle's tax rates reflect local economic conditions and public service funding needs. High property taxes can affect homeowners by increasing the cost of homeownership, while lower taxes can provide financial relief.
Average Labelle Tax Bill
$2,174
Average Hendry County Tax Bill
$2,017
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Labelle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33935 | $794 | $1,140 | $2,174 | $3,649 | $5,214 |
Source: Ownwell