Wimauma, Florida Property Taxes
The median property tax rate in Wimauma, FL is 0.45%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Wimauma at $419,142, the typical annual property tax bill amounts to $1,957, which is well below the national median of $2,690. Property taxes in Wimauma are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wimauma'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 Wimauma or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wimauma, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,886
$1,783
$1,148
Average Wimauma, Florida Tax Savings
Ownwell’s Wimauma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wimauma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wimauma 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 Wimauma. 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 Wimauma, Florida
Property taxes in Wimauma, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Wimauma is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Wimauma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wimauma 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 Wimauma's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33598 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Wimauma provides valuable insights into the varying tax landscape across Manatee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wimauma Tax Rate
0.45%
Average Manatee County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wimauma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33598 | 0.31% | 0.36% | 0.45% | 0.69% | 0.88% |
Source: Ownwell
$1,148
Average Wimauma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wimauma, Florida
In Wimauma, 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 Manatee 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 Wimauma, 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 Wimauma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wimauma are both $1,957, with the zip code 33598.
Average Wimauma Assessed Value
$419,142
Average Manatee County Assessed Value
$360,505
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wimauma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33598 | $269,949 | $350,262 | $419,142 | $509,772 | $640,082 |
Source: Ownwell
$1,148
Average Wimauma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wimauma, Florida
In Wimauma, located in Manatee County, 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 Wimauma is $419,142, and the property tax rate in the area affects how much homeowners pay annually. For instance, tax bills in the 25th percentile are around $1,354, while those in the 75th percentile can reach $3,134. At the higher end, the 90th percentile tax bill is approximately $4,150. Factors such as property improvements, market conditions, and local tax rates play a significant role in determining the final tax bill. These taxes can be a substantial financial burden for homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell offers property tax appeal and exemption services to help homeowners in Wimauma reduce their tax bills. By leveraging expert knowledge and local data, Ownwell can identify inaccuracies in property assessments and advocate for fairer valuations, potentially saving homeowners hundreds or even thousands of dollars annually.
Average Wimauma Tax Bill
$1,957
Average Manatee County Tax Bill
$2,985
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Wimauma, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33598 | $956 | $1,354 | $1,957 | $3,134 | $4,150 |
Source: Ownwell
$1,148
Average Wimauma 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Manatee Property Appraiser | |
| Website | www.manateepao.com |
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