Satellite Bch, Florida Property Taxes
The median property tax rate in Satellite Beach, FL is 1.51%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Satellite Beach at $267,060, the typical annual property tax bill reaches $4,040, exceeding the national median of $2,690. Property taxes in Satellite Beach are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Satellite 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 Satellite 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
Satellite Bch, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$4,033
$3,813
$1,148
Average Satellite Bch, Florida Tax Savings
Ownwell’s SATELLITE BCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SATELLITE BCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SATELLITE BCH 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 SATELLITE BCH. 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 Satellite Bch, Florida
Property taxes in Satellite Beach, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Satellite Beach is 1.51%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Satellite Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Satellite 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 Satellite Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 32937 zip code has the highest median property tax rate of 1.51%, while the 32937 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Satellite Beach provides valuable insights into the varying tax landscape across Brevard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Satellite Bch Tax Rate
1.51%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Satellite Bch, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
$1,148
Average Satellite Bch Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Satellite Bch, Florida
In Satellite Beach, 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 Brevard County Appraisal District 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 Satellite Beach, 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 Satellite Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,040, found in the 32937 zip code.
Average Satellite Bch Assessed Value
$267,060
Average Brevard County Assessed Value
$243,020
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Satellite Bch, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | $267,060 | $267,060 | $267,060 | $267,060 | $267,060 |
Source: Ownwell
$1,148
Average Satellite Bch Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Satellite Bch, Florida
Property tax bills in Satellite Beach, located in Brevard County, FL, are determined by multiplying the assessed value of a property by the local tax rate. With a median home price of $267,060, homeowners in this area face property tax bills that can reach up to $4,040, which is significantly higher than the national median property tax rate of 0.99%. This disparity highlights the importance of understanding how various factors, such as property assessments and local tax rates, can impact homeowners' financial obligations. Ownwell specializes in helping homeowners reduce their property tax bills through comprehensive appeal and exemption services. By analyzing your property's assessed value and comparing it to market conditions, Ownwell identifies opportunities to appeal over-assessments. This can result in substantial savings, ensuring you only pay your fair share. Trust Ownwell to navigate the complexities of property tax regulations and help you achieve significant reductions on your annual tax bill.
Average Satellite Bch Tax Bill
$4,040
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Satellite Bch, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32937 | $4,040 | $4,040 | $4,040 | $4,040 | $4,040 |
Source: Ownwell
$1,148
Average Satellite Bch 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 | |
|---|---|
| Brevard Property Appraiser | |
| Website | www.bcpao.us |
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