Winter Park, Florida Property Taxes
The median property tax rate in Winter Park, FL is 1.11%, slightly higher than the national median of 0.99% but marginally lower than the Florida state median of 1.14%. With the median home value in Winter Park at $418,338, the typical annual property tax bill amounts to $4,186, significantly exceeding the national median of $2,690. Property taxes in Winter Park are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence exemption. Understanding Winter Park'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 Winter Park 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
Winter Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$4,644
$4,395
$1,148
Average Winter Park, Florida Tax Savings
Ownwell’s Winter Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter Park 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 Winter Park. 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 Winter Park, Florida
Property taxes in Winter Park, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter Park is 1.11%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Winter Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter Park 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 Winter Park's effective property tax rate to other areas in Florida and the national median. For comparison, the 32789 zip code has the highest median property tax rate of 1.11%, while the 32792 zip code has the lowest median tax rate of 1.10%. Understanding how these areas compare with Winter Park 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 Winter Park Tax Rate
1.11%
Average Orange County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winter Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32789 | 0.48% | 0.72% | 1.11% | 1.44% | 1.56% |
| 32792 | 0.45% | 0.61% | 1.10% | 1.45% | 1.55% |
Source: Ownwell
$1,148
Average Winter Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Winter Park, Florida
In Winter Park, 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 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 Winter Park, 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. For instance, the highest median tax bill in Winter Park is $5,749 in the 32789 zip code, while the lowest median tax bill is $2,546 in the 32792 zip code. 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 Winter Park, Florida
Source: Ownwell
$111,048
$2,289,076
$4,467,104
Average Winter Park Assessed Value
$418,338
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 Winter Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32789 | $228,595 | $331,280 | $565,074 | $1,068,578 | $1,708,312 |
| 32792 | $123,600 | $166,900 | $303,790 | $436,488 | $530,301 |
Source: Ownwell
$1,148
Average Winter Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Winter Park, Florida
In Winter Park, located in Orange County, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Winter Park is $418,338, which significantly influences the tax bill. Factors such as property size, location, and market conditions are taken into account when determining the assessed value. Homeowners in Winter Park face varying tax bills, with the 25th percentile at $2,218 and the 75th percentile reaching up to $7,533. The highest median tax bill in the area is $5,749 in ZIP code 32789, while the lowest is $2,546 in ZIP code 32792. These property taxes can be a significant burden for homeowners, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. Our team of professionals is dedicated to maximizing your savings and making the property tax process as seamless as possible.
Average Winter Park Tax Bill
$4,186
Average Orange County Tax Bill
$3,346
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Winter Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32789 | $1,740 | $3,223 | $5,749 | $11,229 | $19,112 |
| 32792 | $1,041 | $1,676 | $2,546 | $4,300 | $5,950 |
Source: Ownwell
$1,148
Average Winter Park 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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