Immokalee, Florida Property Taxes
The median property tax rate in Immokalee, FL is 1.71%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Immokalee at $253,907, the typical annual property tax bill reaches $4,221, exceeding the national median of $2,690. Property taxes in Immokalee are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Immokalee'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 Immokalee 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
Immokalee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$4,342
$4,109
Ownwell’s Immokalee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Immokalee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Immokalee 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 Immokalee, Florida
Property taxes in Immokalee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Immokalee stands at 1.71%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Immokalee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Immokalee 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 Immokalee's effective property tax rate to other counties in Florida and the national median. For comparison, the 34142 zip code has both the highest and lowest median property tax rates in the region, at 1.71%. Understanding how these figures compare with Immokalee 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 Immokalee Tax Rate
1.71%
Average Hendry County Tax Rate
1.36%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Immokalee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34142 | 1.57% | 1.62% | 1.71% | 1.84% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Immokalee, Florida
In Immokalee, 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 Immokalee, 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 Immokalee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 34142 has the highest and lowest median tax bill at $4,221.
Average Immokalee Assessed Value
$253,907
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 Immokalee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34142 | $94,124 | $188,156 | $253,907 | $497,562 | $911,823 |
Source: Ownwell
Property Tax Bills Across Immokalee, Florida
In Immokalee, located in Hendry County, FL, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. Homeowners in Immokalee can expect property tax bills to vary significantly, with the 25th percentile tax bill around $2,922 and the 75th percentile reaching up to $8,459. For those in the 90th percentile, tax bills can soar to $15,123. The median home price in Immokalee stands at $253,907, and with the national median property tax rate at 0.99%, local rates can have a substantial impact on annual tax bills. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value and, consequently, the tax bill. Homeowners need to stay informed about these factors as they directly affect their financial obligations and the overall affordability of homeownership in Immokalee.
Average Immokalee Tax Bill
$4,221
Average Hendry County Tax Bill
$2,017
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Immokalee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34142 | $1,548 | $2,922 | $4,221 | $8,459 | $15,123 |
Source: Ownwell