Earleton, Florida Property Taxes
The median property tax rate in Earleton, FL is 1.56%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Earleton at $228,151, the typical annual property tax bill reaches $3,656, exceeding the national median of $2,690. Property taxes in Earleton 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 Earleton'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 Earleton 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
Earleton, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$3,559
$3,365
Ownwell’s Earleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Earleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Earleton 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 Earleton, Florida
Property taxes in Earleton, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Earleton is 1.56%, significantly higher than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Earleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Earleton 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 Earleton's effective property tax rate to other counties in Florida and the national median. For comparison, the 32631 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these areas compare with Earleton provides valuable insights into the varying tax landscape across Alachua County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Earleton Tax Rate
1.56%
Average Alachua County Tax Rate
1.47%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Earleton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32631 | 1.02% | 1.28% | 1.56% | 2.06% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Earleton, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Earleton, Florida. 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 Alachua 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 Earleton, 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 Earleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Earleton is $228,151, with tax bills ranging from $1,877 at the 25th percentile to $7,622 at the 90th percentile. The highest and lowest median tax bill is $3,656 in the 32631 zip code.
Average Earleton Assessed Value
$228,151
Average Alachua County Assessed Value
$201,074
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Earleton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32631 | $68,883 | $144,739 | $228,151 | $326,865 | $412,477 |
Source: Ownwell
Property Tax Bills Across Earleton, Florida
In Earleton, located in Alachua County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a crucial role in the assessed value. For instance, the median home price in Earleton is $228,151. Homeowners in Earleton can expect a wide range of tax bills. The 25th percentile tax bill is $1,877, while the 75th percentile tax bill is $5,129. For those at the 90th percentile, the tax bill can reach up to $7,622. Comparatively, the median property tax rate in Earleton aligns closely with the national median rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations, making it easier to budget for annual expenses. High property taxes can significantly impact a homeowner's financial planning, while lower taxes can be a financial relief.
Average Earleton Tax Bill
$3,656
Average Alachua County Tax Bill
$2,949
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Earleton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32631 | $906 | $1,877 | $3,656 | $5,129 | $7,622 |
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 | |
|---|---|
| Alachua Property Appraiser | |
| Website | qpublic.schneidercorp.com |