Lake Suzy, Florida Property Taxes
The median property tax rate in Lake Suzy, FL is 1.18%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Lake Suzy at $333,952, the typical annual property tax bill reaches $3,786, surpassing the national median of $2,690. Property taxes in Lake Suzy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Suzy'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 Lake Suzy 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
Lake Suzy, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$3,941
$3,726
Ownwell’s Lake Suzy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Suzy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Suzy 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 Lake Suzy, Florida
Property taxes in Lake Suzy, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Suzy is 1.18%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Lake Suzy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Suzy 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. Understanding how Lake Suzy's effective property tax rate compares to other areas within Charlotte County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Lake Suzy Tax Rate
1.18%
Average Charlotte County Tax Rate
1.42%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Suzy, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34269 | 0.80% | 1.02% | 1.18% | 1.38% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Lake Suzy, Florida
In Lake Suzy, 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 Charlotte 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 Lake Suzy, 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 Lake Suzy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lake Suzy is $333,952, with the 25th percentile tax bill at $3,352 and the 75th percentile at $4,635. Interestingly, the highest and lowest median tax bills in the area are both $3,786, found in the 34269 zip code.
Average Lake Suzy Assessed Value
$333,952
Average Charlotte County Assessed Value
$241,434
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Suzy, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34269 | $313,001 | $322,658 | $333,952 | $350,363 | $384,253 |
Source: Ownwell
Property Tax Bills Across Lake Suzy, Florida
In Lake Suzy, Charlotte County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Lake Suzy, the median home price stands at $333,952, which serves as a key factor in calculating property taxes. Tax bills can vary significantly, with the 25th percentile tax bill at $3,352 and the 75th percentile reaching $4,635. The highest median tax bill in the area is recorded at $3,786, corresponding to the zip code 34269. These figures illustrate how property taxes can impact homeowners differently, depending on the assessed value of their property. Compared to the national median property tax rate of 0.99%, Lake Suzy's property tax bills can be relatively high, affecting the overall cost of homeownership. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Lake Suzy Tax Bill
$3,786
Average Charlotte County Tax Bill
$3,041
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Suzy, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34269 | $2,688 | $3,352 | $3,786 | $4,635 | $5,175 |
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 | |
|---|---|
| Charlotte Property Appraiser | |
| Website | www.ccappraiser.com |