Bella Collina, Florida Property Taxes
The median property tax rate in Bella Collina, FL is 1.14%, aligning with the state median but significantly higher than the national median of 0.99%. With the median home value in Bella Collina at $1,548,810, the typical annual property tax bill reaches $15,257, far exceeding the national median of $2,690. Property taxes in Bella Collina 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 Bella Collina'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 Bella Collina or another part of Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bella Collina, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$17,656
$16,694
$1,148
Average Bella Collina, Florida Tax Savings
Ownwell’s Bella Collina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bella Collina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bella Collina 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 Bella Collina. 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 Bella Collina, Florida
Property taxes in Bella Collina, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bella Collina is 1.14%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Bella Collina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bella Collina 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 Bella Collina's effective property tax rate to other counties in Florida and the national median. For comparison, the 34756 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Bella Collina provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bella Collina Tax Rate
1.14%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bella Collina, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34756 | 0.38% | 0.79% | 1.14% | 1.44% | 1.56% |
Source: Ownwell
$1,148
Average Bella Collina Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bella Collina, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bella Collina, Florida. 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 Lake 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 Bella Collina 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 median home price in Bella Collina is $1,548,810, with tax bills ranging from $11,216 at the 25th percentile to $32,216 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bella Collina, Florida
Source: Ownwell
$70,747
$809,779
$1,548,810
Average Bella Collina Assessed Value
$1,548,810
Average Lake County Assessed Value
$277,646
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bella Collina, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34756 | $739,841 | $843,003 | $1,548,810 | $2,418,462 | $3,036,701 |
Source: Ownwell
$1,148
Average Bella Collina Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bella Collina, Florida
In Bella Collina, located in Lake 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 property tax bill. With a median home price of $1,548,810, homeowners in Bella Collina face property tax bills ranging significantly, with the 25th percentile at $11,216 and the 75th percentile at $24,908. The highest median tax bill in the area is $15,257. These figures highlight the substantial financial impact property taxes have on homeowners. Ownwell can assist homeowners in Bella Collina by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps reduce the assessed value, leading to lower tax bills. This service ensures homeowners are not overpaying and can achieve significant savings on their annual property taxes. With Ownwell's expertise, Bella Collina residents can navigate the complexities of property tax assessments and secure the most favorable outcomes.
Average Bella Collina Tax Bill
$15,257
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bella Collina, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34756 | $3,636 | $11,216 | $15,257 | $24,908 | $32,216 |
Source: Ownwell
$1,148
Average Bella Collina Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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