Umatilla, Florida Property Taxes
The median property tax rate in Umatilla, FL is 1.71%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Umatilla at $47,814, the typical annual property tax bill reaches $717, exceeding the national median of $2,690. Property taxes in Umatilla 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 Umatilla'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 Umatilla 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
Umatilla, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$818
$774
Ownwell’s Umatilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Umatilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Umatilla 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 Umatilla, Florida
Property taxes in Umatilla, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Umatilla is 0.79%, which is lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Umatilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Umatilla 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 Umatilla's effective property tax rate to other counties in Florida and the national median. For comparison, the 32784 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Umatilla provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Umatilla Tax Rate
1.71%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Umatilla, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32784 | 0.71% | 0.88% | 1.71% | 2.44% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Umatilla, Florida
In Umatilla, 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 Marion 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 Umatilla, 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 Umatilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $717, specifically in the 32784 zip code.
Average Umatilla Assessed Value
$47,814
Average Marion County Assessed Value
$176,469
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Umatilla, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32784 | $15,201 | $25,047 | $47,814 | $96,410 | $180,383 |
Source: Ownwell
Property Tax Bills Across Umatilla, Florida
In Umatilla, located in Marion County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Umatilla, the median home price is $47,814, and the property tax rate is reflective of the local economic conditions and budget requirements. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Homeowners in Umatilla can expect their tax bills to vary significantly. For instance, tax bills in the 25th percentile are around $472, while those in the 75th percentile reach up to $1,128. The highest tax bills, in the 90th percentile, can be as much as $2,008. Compared to the national median property tax rate of 0.99%, Umatilla's property tax rates offer a relatively affordable option for homeowners, helping to keep the cost of living lower in this region.
Average Umatilla Tax Bill
$717
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Umatilla, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32784 | $302 | $472 | $717 | $1,128 | $2,008 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Marion Property Appraiser | |
| Website | www.pa.marion.fl.us |