Golden Oak, Florida Property Taxes
The median property tax rate in Golden Oak, FL is 1.31%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Golden Oak at $4,467,104, the typical annual property tax bill reaches $57,783, far exceeding the national median of $2,690. Property taxes in Golden Oak 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 Golden Oak’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 Golden Oak 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
Golden Oak, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$58,519
$55,381
$1,148
Average Golden Oak, Florida Tax Savings
Ownwell’s Golden Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden Oak 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 Golden Oak. 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 Golden Oak, Florida
Property taxes in Golden Oak, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden Oak is 1.31%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Golden Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden Oak 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 Golden Oak's effective property tax rate to other counties in Florida and the national median. For comparison, the 32836 zip code has the highest median property tax rate of 1.31%, while the 32836 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Golden Oak 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 Golden Oak Tax Rate
1.31%
Average Orange County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden Oak, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32836 | 1.02% | 1.17% | 1.31% | 1.38% | 1.54% |
Source: Ownwell
$1,148
Average Golden Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Golden Oak, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Golden Oak, 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 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 Golden Oak, 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 Golden Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Golden Oak are both $57,783, specifically in the 32836 zip code.
Property Tax Assessment Values Across Golden Oak, Florida
Source: Ownwell
$111,048
$2,289,076
$4,467,104
Average Golden Oak Assessed Value
$4,467,104
Average Orange County Assessed Value
$317,031
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden Oak, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32836 | $3,000,931 | $3,294,654 | $4,467,104 | $6,972,878 | $7,963,436 |
Source: Ownwell
$1,148
Average Golden Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Golden Oak, Florida
In Golden Oak, located in Orange County, FL, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the county assessor and is often a percentage of the property's market value. Factors such as recent sales data, property condition, and improvements are considered. With a median home price of $4,467,104, homeowners in Golden Oak face substantial property tax bills. For instance, the 25th percentile tax bill is $41,155, while the 75th percentile reaches $82,120, and the 90th percentile peaks at $113,973. These figures are significantly higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Golden Oak reduce their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf. This ensures that you only pay your fair share, potentially saving thousands of dollars annually.
Average Golden Oak Tax Bill
$57,783
Average Orange County Tax Bill
$3,346
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden Oak, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32836 | $35,109 | $41,155 | $57,783 | $82,120 | $113,973 |
Source: Ownwell
$1,148
Average Golden Oak 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 18 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Orange Property Appraiser | |
| Phone | (407) 836-5044 |
| Website | ocpaweb.ocpafl.org |
| Amy.Mercado@ocpafl.org | |
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