Felda, Florida Property Taxes
The median property tax rate in Felda, FL is 1.04%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $199,436 in Felda, the typical annual property tax bill is approximately $2,154, which is below the national median of $2,690. Property taxes in Felda are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Felda'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 Felda or another part of Hendry County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Felda, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,074
$1,963
Ownwell’s Felda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Felda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Felda 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 Felda, Florida
Property taxes in Felda, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Felda is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Felda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Felda 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 Felda's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 33930 has both the highest and lowest median property tax rate of 1.04%, identical to Felda's rate. Understanding how these areas compare with Felda provides valuable insights into the varying tax landscape across Hendry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Felda Tax Rate
1.04%
Average Hendry County Tax Rate
1.36%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Felda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33930 | 0.64% | 0.74% | 1.04% | 1.59% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Felda, Florida
In Felda, 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 Hendry 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 Felda, 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 Felda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Felda is $2,154 in the 33930 zip code, which can be compared to the national median property tax rate of 0.99%.
Average Felda Assessed Value
$199,436
Average Hendry County Assessed Value
$171,703
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Felda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33930 | $94,850 | $135,698 | $199,436 | $288,611 | $471,487 |
Source: Ownwell
Property Tax Bills Across Felda, Florida
In Felda, located in Hendry County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $199,436, homeowners can expect their property tax bill to vary significantly based on the assessed value and applicable exemptions. Factors such as property size, location, and any improvements made to the property can influence the assessed value. In Felda, tax bills can range widely, with the 25th percentile tax bill at $1,272, the 75th percentile at $3,329, and the 90th percentile reaching $5,291. The highest and lowest median tax bill in the area is $2,154, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Felda.
Average Felda Tax Bill
$2,154
Average Hendry County Tax Bill
$2,017
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Felda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33930 | $975 | $1,272 | $2,154 | $3,329 | $5,291 |
Source: Ownwell