Center Hill, Florida Property Taxes
The median property tax rate in Center Hill, FL is 0.84%, notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Center Hill, the typical annual property tax bill reaches $645, significantly less than the national median of $2,690. Property taxes in Center Hill 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 Center Hill'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 Center Hill 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
Center Hill, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$669
$633
Ownwell’s Center Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Hill to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Center Hill, Florida
Property taxes in Center Hill, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Hill is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Center Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Hill 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 Center Hill's effective property tax rate to other areas in Sumter County and the national median. For comparison, the zip code 33514 has both the highest and lowest median property tax rate at 0.84%, which aligns with Center Hill’s rate. Understanding how these cities compare with Center Hill provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Hill Tax Rate
0.84%
Average Sumter County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33514 | 0.40% | 0.57% | 0.84% | 1.41% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Center Hill, Florida
In Center Hill, 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 Sumter 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 Center Hill, 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. The median home price in Center Hill is $79,635, with annual tax bills ranging from $409 at the 25th percentile to $1,629 at the 90th percentile. Notably, the zip code 33514 has both the highest and lowest median tax bill at $645. Being aware of these valuation processes in Center Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Center Hill Assessed Value
$79,635
Average Sumter County Assessed Value
$280,650
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33514 | $25,795 | $48,698 | $79,635 | $127,762 | $184,790 |
Source: Ownwell
Property Tax Bills Across Center Hill, Florida
In Center Hill, Sumter 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 reflects the market value but may be adjusted for exemptions or other considerations. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Center Hill, the tax burden can vary significantly. For example, the tax bill at the 25th percentile is $409, while at the 75th percentile, it reaches $1,072, and at the 90th percentile, it can go up to $1,629. The median home price in Center Hill is $79,635, which influences these tax amounts. Compared to the national median property tax rate of 0.99%, Center Hill's tax bills reflect a range that can impact homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Center Hill Tax Bill
$645
Average Sumter County Tax Bill
$3,060
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33514 | $228 | $409 | $645 | $1,072 | $1,629 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Sumter Property Appraiser | |
| Website | qpublic.schneidercorp.com |