Bonita Springs, Florida Property Taxes
The median property tax rate in Bonita Springs, FL is 0.89%, 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 Bonita Springs at $515,830, the typical annual property tax bill reaches $4,225, significantly exceeding the national median of $2,690. Property taxes in Bonita Springs 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 Bonita Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bonita Springs 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
Bonita Springs, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$4,591
$4,345
Ownwell’s Bonita Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bonita Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bonita Springs 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 Bonita Springs, Florida
Property taxes in Bonita Springs, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bonita Springs is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Bonita Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bonita Springs 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 Bonita Springs' effective property tax rate to other areas and the national median. For comparison, the zip code 34134 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Bonita Springs provides valuable insights into the varying tax landscape across Collier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bonita Springs Tax Rate
0.89%
Average Collier County Tax Rate
0.90%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bonita Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34134 | 0.44% | 0.64% | 0.89% | 0.98% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Bonita Springs, Florida
In Bonita Springs, 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 Collier 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 Bonita Springs, 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 Bonita Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $515,830, with tax bills ranging from $2,038 at the 25th percentile to $22,030 at the 90th percentile. The highest and lowest median tax bill in the area is $4,225, both in zip code 34134.
Average Bonita Springs Assessed Value
$515,830
Average Collier County Assessed Value
$405,816
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bonita Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34134 | $39,303 | $270,704 | $516,268 | $1,784,760 | $2,679,064 |
Source: Ownwell
Property Tax Bills Across Bonita Springs, Florida
In Bonita Springs, located in Collier County, FL, property tax bills are calculated based on the assessed value of the property. The county's property appraiser determines this value, which is typically a percentage of the property's market value. Various factors influence this assessment, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Once the assessed value is established, local tax rates, or millage rates, are applied to calculate the tax bill. These rates are set by various taxing authorities, such as the county, school districts, and other local entities. In Bonita Springs, the median home price is $515,830, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,038, while at the 75th percentile, it reaches $13,372. Homeowners in the highest median tax bill zip code, 34134, face an annual tax bill of $4,225. Understanding these factors is crucial for homeowners, as property taxes can significantly impact their annual expenses and overall financial planning.
Average Bonita Springs Tax Bill
$4,225
Average Collier County Tax Bill
$3,434
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bonita Springs, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34134 | $411 | $2,038 | $4,225 | $13,372 | $22,030 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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