Weeki Wachee, Florida Property Taxes
The median property tax rate in Weeki Wachee, FL is 0.86%, lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Weeki Wachee at $262,938, the typical annual property tax bill is $2,231, which is below the national median of $2,690. Property taxes in Weeki Wachee are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Weeki Wachee'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 Weeki Wachee 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
Weeki Wachee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$2,261
$2,140
$1,148
Average Weeki Wachee, Florida Tax Savings
Ownwell’s Weeki Wachee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weeki Wachee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weeki Wachee to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Weeki Wachee. 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 Weeki Wachee, Florida
Property taxes in Weeki Wachee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weeki Wachee is 0.86%, which is lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Weeki Wachee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weeki Wachee 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 Weeki Wachee's effective property tax rate to other areas in Hernando County and the national median. For comparison, the zip code 34607 has the highest median property tax rate of 1.02%, while the zip code 34614 has the lowest median tax rate of 0.80%. Understanding how these areas compare with Weeki Wachee provides valuable insights into the varying tax landscape across Hernando County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weeki Wachee Tax Rate
0.86%
Average Hernando County Tax Rate
0.81%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weeki Wachee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34607 | 0.42% | 0.59% | 1.02% | 1.26% | 1.45% |
| 34613 | 0.43% | 0.60% | 0.85% | 1.35% | 1.56% |
| 34614 | 0.29% | 0.56% | 0.80% | 1.18% | 1.50% |
Source: Ownwell
$1,148
Average Weeki Wachee Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Weeki Wachee, Florida
In Weeki Wachee, 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 Hernando 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. Assessment notices in Weeki Wachee 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. For instance, the highest median tax bill is $2,657 in the 34607 zip code, while the lowest median tax bill is $2,079 in the 34613 zip code. Being aware of these valuation processes in Weeki Wachee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weeki Wachee Assessed Value
$262,938
Average Hernando County Assessed Value
$239,781
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weeki Wachee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34607 | $160,576 | $215,092 | $296,638 | $409,736 | $561,876 |
| 34613 | $84,099 | $154,621 | $255,260 | $367,072 | $461,932 |
| 34614 | $170,470 | $214,228 | $257,774 | $326,266 | $415,781 |
Source: Ownwell
$1,148
Average Weeki Wachee Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Weeki Wachee, Florida
In Weeki Wachee, Hernando County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With median home prices around $262,938, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is approximately $1,244, while the 75th percentile reaches $3,408, and the 90th percentile can go up to $4,713. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. In Weeki Wachee, the highest median tax bill is $2,657 in the 34607 zip code, whereas the lowest is $2,079 in the 34613 zip code. Ownwell can help homeowners in Weeki Wachee save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that homes are fairly assessed and identifying available exemptions, Ownwell can help reduce the financial burden on homeowners.
Average Weeki Wachee Tax Bill
$2,231
Average Hernando County Tax Bill
$1,941
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Weeki Wachee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34607 | $979 | $1,724 | $2,657 | $3,737 | $5,387 |
| 34613 | $654 | $1,123 | $2,079 | $3,385 | $4,792 |
| 34614 | $677 | $1,234 | $2,158 | $3,261 | $4,253 |
Source: Ownwell
$1,148
Average Weeki Wachee Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 13 |
Links | |
|---|---|
| Hernando Property Appraiser | |
| Website | propsearch.hernandopa-fl.us |
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