Palmdale, Florida Property Taxes
The median property tax rate in Palmdale, FL is 1.34%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Palmdale at $78,725, the typical annual property tax bill reaches $851, which is below the national median of $2,690. Property taxes in Palmdale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Palmdale'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 Palmdale 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
Palmdale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,055
$998
Ownwell’s Palmdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palmdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palmdale 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 Palmdale, Florida
Property taxes in Palmdale, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palmdale is 1.34%, notably higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Palmdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palmdale 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 Palmdale's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33944 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Palmdale provides valuable insights into the varying tax landscape across Glades County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Palmdale Tax Rate
1.34%
Average Glades County Tax Rate
1.37%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palmdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33944 | 0.37% | 0.58% | 1.34% | 1.58% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Palmdale, Florida
In Palmdale, 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 Glades 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. 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 Palmdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Palmdale is $78,725, with tax bills ranging from $456 at the 25th percentile to $1,767 at the 90th percentile.
Average Palmdale Assessed Value
$78,725
Average Glades County Assessed Value
$102,566
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Palmdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33944 | $38,866 | $55,536 | $78,725 | $106,259 | $167,028 |
Source: Ownwell
Property Tax Bills Across Palmdale, Florida
In Palmdale, property tax bills are calculated based on the assessed value of a home, which is determined by the Glades County property appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $78,725, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as the property's location within specific zip codes and any applicable exemptions or deductions also play a significant role. In Palmdale, tax bills range from the 25th percentile at $456 to the 90th percentile at $1,767, with a median tax bill of $851. This variability can significantly impact homeowners, potentially influencing decisions on purchasing or maintaining a property. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Palmdale to understand how their local rates and assessed values affect their overall financial planning and real estate investments.
Average Palmdale Tax Bill
$851
Average Glades County Tax Bill
$1,098
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Palmdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33944 | $193 | $456 | $851 | $1,226 | $1,767 |
Source: Ownwell