Longwood, Florida Property Taxes
The median property tax rate in Longwood, FL is 0.85%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Longwood at $361,285, the typical annual property tax bill reaches $3,201, surpassing the national median of $2,690. Property taxes in Longwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Longwood'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 Longwood 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
Longwood, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$3,071
$2,906
$1,148
Average Longwood, Florida Tax Savings
Ownwell’s Longwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longwood 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 Longwood. 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 Longwood, Florida
Property taxes in Longwood, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longwood is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Longwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longwood 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 Longwood's effective property tax rate to other areas in Seminole County and the national median. For comparison, the 32779 zip code has the highest median property tax rate of 0.86%, while the 32750 zip code has the lowest median tax rate of 0.84%. Understanding how these areas compare with Longwood provides valuable insights into the varying tax landscape across Seminole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longwood Tax Rate
0.85%
Average Seminole County Tax Rate
0.89%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longwood, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32750 | 0.41% | 0.56% | 0.84% | 1.31% | 1.46% |
32779 | 0.57% | 0.67% | 0.86% | 1.12% | 1.35% |
Source: Ownwell
$1,148
Average Longwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Longwood, Florida
In Longwood, 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 Seminole 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 Longwood, 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 Longwood is $3,734 in the 32779 zip code, while the lowest median tax bill is $2,612 in the 32750 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Longwood Assessed Value
$361,285
Average Seminole County Assessed Value
$327,533
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longwood, Florida
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32750 | $184,084 | $243,002 | $309,439 | $375,972 | $451,856 |
32779 | $263,314 | $335,082 | $431,857 | $579,705 | $863,760 |
Source: Ownwell
$1,148
Average Longwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Longwood, Florida
In Longwood, Seminole 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 property tax rate. For instance, with a median home price of $361,285, homeowners can expect varying tax bills depending on their specific property details. The tax bill can range from the 25th percentile at $2,099 to the 75th percentile at $4,667, and up to the 90th percentile at $6,875. Factors such as property size, location, and any applicable exemptions play a significant role in determining the final tax bill. Ownwell can help homeowners in Longwood save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf. This can lead to significant reductions in your property tax bill, ensuring you only pay your fair share.
Average Longwood Tax Bill
$3,201
Average Seminole County Tax Bill
$2,968
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Longwood, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32750 | $959 | $1,686 | $2,612 | $3,872 | $4,991 |
32779 | $1,843 | $2,571 | $3,734 | $5,606 | $8,875 |
Source: Ownwell
$1,148
Average Longwood 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 | |
---|---|
Seminole Property Appraiser | |
Website | www.scpafl.org |
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