City Of Westlake, Florida Property Taxes
The median property tax rate in the City of Westlake, FL is 3.68%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $2,670,407 in the City of Westlake, the typical annual property tax bill reaches $98,388, far exceeding the national median of $2,690. Property taxes in the City of Westlake 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 the City of Westlake'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 the City of Westlake 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
City Of Westlake, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.68%
Estimate Property Tax Bill
$98,271
$92,914
$1,148
Average City Of Westlake, Florida Tax Savings
Ownwell’s CITY OF WESTLAKE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CITY OF WESTLAKE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CITY OF WESTLAKE 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 CITY OF WESTLAKE. 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 City Of Westlake, Florida
Property taxes in the City of Westlake, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in the City of Westlake is 3.68%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within the City of Westlake set these rates annually, and they can vary significantly across different neighborhoods. Each year, the City of Westlake 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 the City of Westlake's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33470 has the highest median property tax rate of 3.68%, while the same zip code also has the lowest median tax rate of 3.68%. Understanding how these areas compare with the City of Westlake provides valuable insights into the varying tax landscape across Palm Beach County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average City Of Westlake Tax Rate
3.68%
Average Palm Beach County Tax Rate
1.34%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across City Of Westlake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33470 | 3.68% | 3.68% | 3.68% | 3.68% | 3.68% |
Source: Ownwell
$1,148
Average City Of Westlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across City Of Westlake, Florida
In CITY OF WESTLAKE, 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 Palm Beach 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 CITY OF WESTLAKE, 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. The median home price in CITY OF WESTLAKE is $2,670,407, with the highest and lowest median tax bills both at $98,388 in the zip code 33470. 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 CITY OF WESTLAKE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across City Of Westlake, Florida
Source: Ownwell
$32,527
$1,351,467
$2,670,407
Average City Of Westlake Assessed Value
$2,670,407
Average Palm Beach County Assessed Value
$316,112
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across City Of Westlake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33470 | $2,670,407 | $2,670,407 | $2,670,407 | $2,670,407 | $2,670,407 |
Source: Ownwell
$1,148
Average City Of Westlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across City Of Westlake, Florida
In the City of Westlake, located in Palm Beach County, FL, property tax bills are primarily determined based on the assessed value of a home, which is calculated by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the tax bill. For homeowners in Westlake, the median home price stands at $2,670,407, leading to a significant tax bill. In fact, the tax bill for the 25th, 75th, and 90th percentiles all hover around $98,388, highlighting a uniformity in high property tax burdens within the area. Property taxes can significantly impact homeowners, making it crucial to ensure that the assessed value of their property is accurate. Ownwell offers valuable assistance by providing expert property tax appeal and exemption services. By challenging incorrect assessments and securing eligible exemptions, Ownwell helps homeowners potentially save thousands on their property tax bills, ensuring they only pay their fair share.
Average City Of Westlake Tax Bill
$98,388
Average Palm Beach County Tax Bill
$3,892
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across City Of Westlake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33470 | $98,388 | $98,388 | $98,388 | $98,388 | $98,388 |
Source: Ownwell
$1,148
Average City Of Westlake 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 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Palm Beach Property Appraiser | |
| Phone | (561) 355-3230 |
| Website | www.pbcgov.org |
| pa-info@pbcgov.org | |
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