Ormond Beach, Florida Property Taxes
The median property tax rate in Ormond Beach, FL is 0.88%, 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 Ormond Beach at $320,804, the typical annual property tax bill reaches $2,910, surpassing the national median of $2,690. Property taxes in Ormond Beach 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 Ormond Beach'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 Ormond Beach 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
Ormond Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,823
$2,669
$1,148
Average Ormond Beach, Florida Tax Savings
Ownwell’s Ormond Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ormond Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ormond Beach 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 Ormond Beach. 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 Ormond Beach, Florida
Property taxes in Ormond Beach, Florida, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Ormond Beach is 0.88%, which is below both the Florida state median and the U.S. national median of 0.99%. Local government entities within Ormond Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ormond Beach 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 Ormond Beach's effective property tax rate to other areas in Florida and the national median. For comparison, the 32176 zip code has the highest median property tax rate of 1.09%, while the 32174 zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Ormond Beach 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 Ormond Beach Tax Rate
0.88%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | 0.38% | 0.57% | 0.82% | 1.21% | 1.44% |
| 32176 | 0.44% | 0.65% | 1.09% | 1.43% | 1.55% |
Source: Ownwell
$1,148
Average Ormond Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ormond Beach, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ormond Beach, FL. 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. Assessment notices in Ormond Beach 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 example, the highest median tax bill in Ormond Beach is $3,534 in the 32176 zip code, while the lowest is $2,608 in the 32174 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 Ormond Beach Assessed Value
$320,804
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 Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | $168,890 | $232,818 | $316,221 | $414,563 | $540,404 |
| 32176 | $219,166 | $263,103 | $329,624 | $422,802 | $586,661 |
Source: Ownwell
$1,148
Average Ormond Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ormond Beach, Florida
In Ormond Beach, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Volusia County. The assessed value is determined by the county assessor and may differ from the market value. Homeowners in Ormond Beach face property tax bills that can vary significantly, with the 25th percentile at $1,698 and the 75th percentile at $4,311. The highest median tax bill in the area is $3,534 in the 32176 zip code, while the lowest is $2,608 in the 32174 zip code. These figures are influenced by factors such as property size, location, and any applicable exemptions. Ownwell can assist homeowners in Ormond Beach by identifying potential errors in the assessed value of their property and filing appeals to correct them. By leveraging local expertise and comprehensive data analysis, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average Ormond Beach Tax Bill
$2,910
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ormond Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32174 | $810 | $1,501 | $2,608 | $3,997 | $5,548 |
| 32176 | $1,286 | $2,191 | $3,534 | $4,809 | $6,803 |
Source: Ownwell
$1,148
Average Ormond Beach 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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