Maitland, Florida Property Taxes
The median property tax rate in Maitland, FL is 0.65%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Maitland, the typical annual property tax bill is $282, well below the national median of $2,690. Property taxes in Maitland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Maitland'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 Maitland 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
Maitland, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$285
$269
Ownwell’s Maitland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Maitland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maitland 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 Maitland, Florida
Property taxes in Maitland, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maitland is 0.85%, which is higher than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Maitland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maitland 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 Maitland's effective property tax rate to other counties in Florida and the national median. For comparison, the 33037 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Maitland provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maitland Tax Rate
0.65%
Average Monroe County Tax Rate
0.65%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maitland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33037 | 0.31% | 0.46% | 0.65% | 0.67% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Maitland, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maitland, Florida. 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 Orange 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 Maitland, 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 Maitland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Maitland is $291.00 in the 33037 zip code, while the lowest median tax bill is also $291.00 in the same zip code.
Average Maitland Assessed Value
$43,803
Average Monroe County Assessed Value
$759,247
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maitland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33037 | $19,597 | $33,438 | $44,206 | $62,522 | $88,404 |
Source: Ownwell
Property Tax Bills Across Maitland, Florida
Property tax bills in Maitland, located in Monroe County, FL, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Maitland is $43,803, and property tax bills can vary significantly depending on the assessed value and applicable exemptions. For homeowners in Maitland, the 25th percentile tax bill is $103, while the 75th percentile tax bill is $335, and the 90th percentile tax bill is $515. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Maitland's rates can be seen as relatively modest, making it an attractive area for homeowners looking to manage their tax expenses effectively. Understanding these factors is crucial for homeowners as they directly influence how much they will pay annually, impacting their overall financial planning and homeownership costs.
Average Maitland Tax Bill
$282
Average Monroe County Tax Bill
$4,638
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Maitland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33037 | $103 | $183 | $291 | $352 | $551 |
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 | |
|---|---|
| Monroe Property Appraiser | |
| Website | qpublic.schneidercorp.com |