Dowling Park, Florida Property Taxes
The median property tax rate in Dowling Park, FL is 1.38%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $236,628 in Dowling Park, the typical annual property tax bill amounts to $3,270, surpassing the national median of $2,690. Property taxes in Dowling Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dowling Park'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 Dowling Park or another part of Suwannee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dowling Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$3,265
$3,087
Ownwell’s Dowling Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dowling Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dowling Park 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 Dowling Park, Florida
Property taxes in Dowling Park, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dowling Park is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dowling Park set these rates annually, and they can vary across different neighborhoods. Each year, Dowling Park 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 Dowling Park's effective property tax rate to other areas and the national median. For comparison, the zip code 32060 has both the highest and lowest median property tax rate of 1.38%, highlighting the uniformity within this region. Understanding how these areas compare with Dowling Park provides valuable insights into the varying tax landscape across Suwannee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dowling Park Tax Rate
1.38%
Average Suwannee County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dowling Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32060 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Dowling Park, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dowling Park, Florida. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Suwannee 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 in Dowling Park 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 Dowling Park is $236,628, with the highest median tax bill being $3,270 in the 32060 zip code. 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.
Average Dowling Park Assessed Value
$236,628
Average Suwannee County Assessed Value
$82,568
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dowling Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32060 | $236,628 | $236,628 | $236,628 | $236,628 | $236,628 |
Source: Ownwell
Property Tax Bills Across Dowling Park, Florida
In Dowling Park, located in Suwannee County, FL, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $236,628. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions can influence the assessed value. Homeowners in Dowling Park can expect a consistent property tax bill, with the 25th, 75th, and 90th percentiles all at $3,270. This uniformity simplifies financial planning for homeowners and ensures predictability in annual expenses. Compared to the national median property tax rate of 0.99%, Dowling Park's tax rate might seem higher, but it ensures that local services and infrastructure are well-funded. This stability can be beneficial for homeowners, providing a clear understanding of their yearly financial commitments and helping maintain property values in the community.
Average Dowling Park Tax Bill
$3,270
Average Suwannee County Tax Bill
$983
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Dowling Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32060 | $3,270 | $3,270 | $3,270 | $3,270 | $3,270 |
Source: Ownwell