Riviera Beach, Florida Property Taxes
The median property tax rate in Riviera Beach, FL is 1.74%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Riviera Beach at $243,100, the typical annual property tax bill reaches $3,923, exceeding the national median of $2,690. Property taxes in Riviera Beach 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 Riviera Beach'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 Riviera Beach 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
Riviera Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$4,230
$4,003
$1,148
Average Riviera Beach, Florida Tax Savings
Ownwell’s Riviera Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riviera Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riviera Beach 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 Riviera Beach. 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 Riviera Beach, Florida
Property taxes in Riviera Beach, Florida, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Riviera Beach is 1.74%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Riviera Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riviera Beach 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 Riviera Beach's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the 33410 zip code has the highest median property tax rate of 2.38%, while the 33407 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Riviera Beach 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 Riviera Beach Tax Rate
1.74%
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 Riviera Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | 0.35% | 1.46% | 1.80% | 2.09% | 2.19% |
| 33404 | 0.36% | 1.14% | 1.76% | 2.01% | 2.21% |
| 33407 | 0.57% | 0.64% | 1.09% | 1.67% | 1.99% |
| 33410 | 1.83% | 2.12% | 2.38% | 2.64% | 2.78% |
| 33418 | 0.95% | 1.13% | 1.47% | 1.76% | 2.26% |
Source: Ownwell
$1,148
Average Riviera Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Riviera Beach, Florida
In Riviera Beach, 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 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. 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. For instance, the highest median tax bill in Riviera Beach is $6,173 in zip code 33410, while the lowest median tax bill is $2,165 in zip code 33403. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Riviera Beach, Florida
Source: Ownwell
$32,527
$1,351,467
$2,670,407
Average Riviera Beach Assessed Value
$243,100
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 Riviera Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | $70,219 | $98,957 | $164,885 | $232,442 | $254,502 |
| 33404 | $121,199 | $152,040 | $222,600 | $465,300 | $810,300 |
| 33407 | $234,300 | $243,100 | $284,796 | $319,284 | $349,655 |
| 33410 | $170,130 | $202,595 | $276,060 | $290,850 | $333,031 |
| 33418 | $230,050 | $253,590 | $300,459 | $322,686 | $346,044 |
Source: Ownwell
$1,148
Average Riviera Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Riviera Beach, Florida
In Riviera Beach, located in Palm Beach County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $243,100, homeowners can expect varied tax bills ranging from the 25th percentile at $2,158 to the 90th percentile at $13,359. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, your tax bill. Ownwell can help homeowners in Riviera Beach save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing your property’s assessed value and identifying any discrepancies or opportunities for exemptions, Ownwell ensures you are not overpaying. This professional assistance can lead to significant savings, easing the financial burden on homeowners.
Average Riviera Beach Tax Bill
$3,923
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 Riviera Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | $512 | $1,388 | $2,165 | $3,845 | $4,554 |
| 33404 | $681 | $2,054 | $3,897 | $8,136 | $14,576 |
| 33407 | $1,514 | $1,950 | $2,986 | $4,391 | $5,750 |
| 33410 | $3,043 | $4,608 | $6,173 | $7,129 | $7,813 |
| 33418 | $2,182 | $3,420 | $3,999 | $5,394 | $6,778 |
Source: Ownwell
$1,148
Average Riviera Beach 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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