Eagle Lake, Florida Property Taxes
The median property tax rate in Eagle Lake, FL is 1.12%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $184,537 in Eagle Lake, the typical annual property tax bill amounts to $2,061, which is below the national median of $2,690. Property taxes in Eagle Lake are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Eagle Lake'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 Eagle Lake 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
Eagle Lake, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,067
$1,954
$1,148
Average Eagle Lake, Florida Tax Savings
Ownwell’s Eagle Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Lake 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 Eagle Lake. 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 Eagle Lake, Florida
Property taxes in Eagle Lake, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Lake is 1.12%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Eagle Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Lake 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 Eagle Lake's effective property tax rate to other counties in Florida and the national median. For comparison, the 33839 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Eagle Lake provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Lake Tax Rate
1.12%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33839 | 0.48% | 0.63% | 1.12% | 1.69% | 2.01% |
Source: Ownwell
$1,148
Average Eagle Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Eagle Lake, Florida
In Eagle Lake, 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 Polk 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 Eagle Lake, 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 median home price in Eagle Lake is $184,537, with tax bills ranging from $911 at the 25th percentile to $4,223 at the 90th percentile. The zip code with the highest median tax bill is 33839, at $2,061. 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 Eagle Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eagle Lake Assessed Value
$184,537
Average Polk County Assessed Value
$203,226
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33839 | $50,000 | $126,907 | $184,537 | $243,822 | $281,641 |
Source: Ownwell
$1,148
Average Eagle Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Eagle Lake, Florida
In Eagle Lake, located in Polk County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in Eagle Lake is $184,537, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, market conditions, and any applicable exemptions or abatements are also considered. Homeowners in Eagle Lake face a wide range of tax bills, with the 25th percentile at $911 and the 90th percentile reaching up to $4,223, highlighting the variability based on property value and exemptions. Ownwell can help homeowners in Eagle Lake save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing your property's assessed value and market conditions, Ownwell identifies opportunities to challenge over-assessments and secure exemptions, ensuring you pay only your fair share. This can result in significant savings, especially in a market where tax bills can vary widely.
Average Eagle Lake Tax Bill
$2,061
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33839 | $682 | $911 | $2,061 | $2,913 | $4,223 |
Source: Ownwell
$1,148
Average Eagle Lake 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 10 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Polk Property Appraiser | |
| Website | www.polkpa.org |
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