Mims, Florida Property Taxes
The median property tax rate in Mims, FL is 0.85%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $298,375 in Mims, the typical annual property tax bill amounts to $2,643, slightly below the national median of $2,690. Property taxes in Mims are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mims' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mims or another part of Volusia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mims, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,536
$2,398
$1,148
Average Mims, Florida Tax Savings
Ownwell’s Mims Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mims with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mims 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 Mims. 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 Mims, Florida
Property taxes in Mims, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mims is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Mims set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mims 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 Mims's effective property tax rate to other counties in Florida and the national median. For comparison, the 32754 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Mims provides valuable insights into the varying tax landscape across Volusia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mims Tax Rate
0.85%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mims, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32754 | 0.51% | 0.70% | 0.85% | 1.49% | 1.70% |
Source: Ownwell
$1,148
Average Mims Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mims, Florida
In Mims, 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 Volusia 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 Mims, 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. Being aware of these valuation processes in Mims helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Mims is 32754, with a median tax bill of $2,643.
Average Mims Assessed Value
$298,375
Average Volusia County Assessed Value
$274,208
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mims, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32754 | $116,831 | $214,078 | $298,375 | $421,433 | $538,603 |
Source: Ownwell
$1,148
Average Mims Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mims, Florida
Property tax bills in Mims, Volusia County, FL, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The median home price in Mims is $298,375. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mims face a range of tax bills, with the 25th percentile at $1,651 and the 75th percentile at $4,007. The highest median tax bill recorded is $2,643 in the zip code 32754, which is significantly above the national median property tax rate of 0.99%. Ownwell can help homeowners in Mims reduce their property tax bills by providing expert property tax appeal and exemption services. By accurately evaluating property assessments and identifying potential discrepancies or exemptions, Ownwell ensures that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Mims Tax Bill
$2,643
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mims, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32754 | $943 | $1,651 | $2,643 | $4,007 | $5,943 |
Source: Ownwell
$1,148
Average Mims 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Volusia Property Appraiser | |
| Website | vcpa.vcgov.org |
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