Winter Garden, Florida Property Taxes
The median property tax rate in Winter Garden, FL is 0.67%, considerably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Winter Garden at $573,316, the typical annual property tax bill reaches $3,569, exceeding the national median of $2,690. Property taxes in Winter Garden 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 Winter Garden'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 Winter Garden 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
Winter Garden, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$3,841
$3,632
$1,148
Average Winter Garden, Florida Tax Savings
Ownwell’s Winter Garden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter Garden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter Garden to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Winter Garden. 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 Winter Garden, Florida
Property taxes in Winter Garden, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter Garden is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Winter Garden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter Garden 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 Winter Garden's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 34787 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these figures compare with Winter Garden provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winter Garden Tax Rate
0.67%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winter Garden, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | 0.19% | 0.25% | 0.67% | 0.95% | 1.12% |
Source: Ownwell
$1,148
Average Winter Garden Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Winter Garden, Florida
In Winter Garden, 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 Lake 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 Winter Garden, 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 Winter Garden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 34787 has the highest and lowest median tax bill at $3,569, reflecting the diverse property values within the area.
Property Tax Assessment Values Across Winter Garden, Florida
Source: Ownwell
$70,747
$809,779
$1,548,810
Average Winter Garden Assessed Value
$573,316
Average Lake County Assessed Value
$277,646
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winter Garden, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | $290,658 | $464,451 | $573,316 | $761,767 | $908,064 |
Source: Ownwell
$1,148
Average Winter Garden Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Winter Garden, Florida
In Winter Garden, located in Lake County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $573,316, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,262, while the 75th percentile reaches $5,696, and the 90th percentile can go up to $8,203. The median tax bill in the 34787 zip code stands at $3,569, which is significantly higher than the national median property tax rate of 0.99%. Higher property taxes can be a financial burden for homeowners. Ownwell can assist by providing property tax appeal and exemption services, potentially lowering your tax bill. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell can identify discrepancies and file appeals on your behalf, ensuring you only pay what is fair and accurate.
Average Winter Garden Tax Bill
$3,569
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Winter Garden, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | $1,186 | $1,262 | $3,569 | $5,696 | $8,203 |
Source: Ownwell
$1,148
Average Winter Garden Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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