Lamont, Florida Property Taxes
The median property tax rate in Lamont, FL is 1.13%, slightly higher than the national median of 0.99% but just below the Florida state median of 1.14%. With the median home value in Lamont at $74,987, the typical annual property tax bill amounts to $851, which is significantly lower than the national median of $2,690. Property taxes in Lamont are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Lamont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lamont or another part of Jefferson County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lamont, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$847
$802
Ownwell’s Lamont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lamont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lamont 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 Lamont, Florida
Property taxes in Lamont, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lamont is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Lamont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lamont 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 Lamont's effective property tax rate to other counties in Florida and the national median. For comparison, the 32336 zip code has the highest median property tax rate of 1.13%, while the 32336 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Lamont provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lamont Tax Rate
1.13%
Average Jefferson County Tax Rate
1.11%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | 0.70% | 0.87% | 1.13% | 1.83% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Lamont, Florida
In Lamont, 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 Jefferson 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 Lamont, 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 median home price is $74,987, with tax bills ranging from $599 at the 25th percentile to $2,044 at the 90th percentile. 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 Lamont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lamont Assessed Value
$74,987
Average Jefferson County Assessed Value
$99,936
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | $22,581 | $40,972 | $74,987 | $117,508 | $223,147 |
Source: Ownwell
Property Tax Bills Across Lamont, Florida
In Lamont, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Lamont is $74,987, and the property tax rate is applied to this assessed value to determine the annual tax bill. For instance, the 25th percentile tax bill is $599, while the 75th percentile tax bill is $1,349, and the 90th percentile tax bill reaches $2,044. This range indicates that the tax burden can vary significantly depending on the assessed value of the property. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Lamont may find their tax bills higher or lower than the national median property tax rate of 0.99%, depending on these assessments. This variability affects homeowners by impacting their annual financial planning and potentially influencing decisions about property improvements or sales. Understanding these factors can help homeowners anticipate their tax obligations more accurately.
Average Lamont Tax Bill
$851
Average Jefferson County Tax Bill
$1,108
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | $371 | $599 | $851 | $1,349 | $2,044 |
Source: Ownwell