Mount Dora, Florida Property Taxes
The median property tax rate in Mount Dora, FL is 1.19%, which is considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Mount Dora at $347,785, the typical annual property tax bill reaches $3,788, significantly exceeding the national median of $2,690. Property taxes in Mount Dora are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Dora'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 Mount Dora 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
Mount Dora, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$4,139
$3,917
$1,148
Average Mount Dora, Florida Tax Savings
Ownwell’s Mount Dora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Dora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Dora 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 Mount Dora. 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 Mount Dora, Florida
Property taxes in Mount Dora, Florida, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Mount Dora is 0.86%, 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 Mount Dora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Dora 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 Mount Dora's effective property tax rate to other counties in Florida and the national median. For comparison, the 32757 zip code has the highest median property tax rate of 0.86%, while the same 32757 zip code also has the lowest median tax rate of 0.86%. Understanding how these figures compare with Mount Dora 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 Mount Dora Tax Rate
1.19%
Average Orange County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | 0.61% | 0.82% | 1.19% | 1.50% | 1.69% |
Source: Ownwell
$1,148
Average Mount Dora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mount Dora, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Dora. The market value represents 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 Mount Dora, 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. The median home price in Mount Dora is $347,785. The 25th percentile tax bill is $2,148, while the 75th percentile reaches $5,306, and the 90th percentile climbs to $6,983. The zip code 32757 has the highest and lowest median tax bill at $3,788. 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 Mount Dora, Florida
Source: Ownwell
$111,048
$2,289,076
$4,467,104
Average Mount Dora Assessed Value
$347,785
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 Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | $110,000 | $256,430 | $347,785 | $441,374 | $555,031 |
Source: Ownwell
$1,148
Average Mount Dora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mount Dora, Florida
In Mount Dora, located in Orange County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $347,785, homeowners can expect a tax bill that varies widely, ranging from $2,148 at the 25th percentile to $6,983 at the 90th percentile. The median tax bill in the area is $3,788, which is significantly higher than the national median property tax rate of 0.99%. Various factors, including property size, location, and market conditions, influence these assessments. High property taxes can be a burden for homeowners, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their assessed values and, consequently, their tax bills. With professional guidance, homeowners can navigate the complexities of property tax assessments and save money.
Average Mount Dora Tax Bill
$3,788
Average Orange County Tax Bill
$3,346
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | $1,159 | $2,148 | $3,788 | $5,306 | $6,983 |
Source: Ownwell
$1,148
Average Mount Dora 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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