Matlacha Isles, Florida Property Taxes
The median property tax rate in Matlacha Isles, FL is 0.68%, considerably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Matlacha Isles at $560,835, the typical annual property tax bill reaches $4,283, significantly exceeding the national median of $2,690. Property taxes in Matlacha Isles 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 Matlacha Isles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Matlacha Isles 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
Matlacha Isles, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$3,814
$3,606
$1,148
Average Matlacha Isles, Florida Tax Savings
Ownwell’s Matlacha Isles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Matlacha Isles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Matlacha Isles 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 Matlacha Isles. 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 Matlacha Isles, Florida
Property taxes in Matlacha Isles, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Matlacha Isles is 0.68%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Matlacha Isles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Matlacha Isles 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 Matlacha Isles' effective property tax rate to other counties in Florida and the national median. For comparison, the 33991 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Matlacha Isles provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Matlacha Isles Tax Rate
0.68%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Matlacha Isles, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | 0.47% | 0.59% | 0.68% | 1.16% | 1.41% |
Source: Ownwell
$1,148
Average Matlacha Isles Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Matlacha Isles, Florida
In Matlacha Isles, 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 Lee 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. 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. The median home price in Matlacha Isles is $560,835, with tax bills ranging from $3,183 at the 25th percentile to $8,177 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Matlacha Isles, Florida
Source: Ownwell
$28,847
$1,414,301
$2,799,755
Average Matlacha Isles Assessed Value
$560,835
Average Lee County Assessed Value
$269,922
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Matlacha Isles, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | $348,759 | $437,608 | $560,835 | $653,878 | $824,083 |
Source: Ownwell
$1,148
Average Matlacha Isles Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Matlacha Isles, Florida
In Matlacha Isles, Lee County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is recalibrated annually based on market conditions and property improvements. Homeowners in Matlacha Isles experience a range of tax bills, with the 25th percentile at $3,183 and the 75th percentile at $6,189. The highest median tax bill in the area is $4,283, found in zip code 33991. Several factors influence the tax bill, including property size, location, and any applicable exemptions. High property taxes can significantly impact homeowners, especially those on fixed incomes or with limited budgets. Ownwell can assist homeowners by providing property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the current market value, Ownwell helps reduce over-assessments. This can lead to substantial savings on property tax bills, alleviating financial stress for homeowners in Matlacha Isles.
Average Matlacha Isles Tax Bill
$4,283
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Matlacha Isles, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33991 | $2,343 | $3,183 | $4,283 | $6,189 | $8,177 |
Source: Ownwell
$1,148
Average Matlacha Isles 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 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lee Property Appraiser | |
| Website | www.leepa.org |
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