Fruitland Park, Florida Property Taxes
The median property tax rate in Fruitland Park, FL is 0.98%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With a median home value of $200,022 in Fruitland Park, the typical annual property tax bill amounts to $1,707, which is well below the national median of $2,690. Property taxes in Fruitland Park are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Familiarizing yourself with Fruitland Park's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Fruitland Park 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
Fruitland Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,960
$1,855
$1,148
Average Fruitland Park, Florida Tax Savings
Ownwell’s Fruitland Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruitland Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruitland Park 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 Fruitland Park. 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 Fruitland Park, Florida
Property taxes in Fruitland Park, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruitland Park is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Fruitland Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fruitland Park 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 Fruitland Park's effective property tax rate to other counties in Florida and the national median. For comparison, the 34731 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Fruitland Park 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 Fruitland Park Tax Rate
0.98%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruitland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34731 | 0.50% | 0.71% | 0.98% | 1.35% | 1.80% |
Source: Ownwell
$1,148
Average Fruitland Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fruitland Park, Florida
In Fruitland Park, 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 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. In Fruitland Park, 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. The highest and lowest median tax bills in Fruitland Park are both $1,707, found in the zip code 34731. Being aware of these valuation processes in Fruitland Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fruitland Park, Florida
Source: Ownwell
$70,747
$809,779
$1,548,810
Average Fruitland Park Assessed Value
$200,022
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 Fruitland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34731 | $57,046 | $118,978 | $200,022 | $273,014 | $355,638 |
Source: Ownwell
$1,148
Average Fruitland Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fruitland Park, Florida
In Fruitland Park, located in Lake County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the market value of the property, which is evaluated annually. For example, with a median home price of $200,022, homeowners can expect varying tax bills. The 25th percentile tax bill is around $966, while the 75th percentile reaches $2,655, and the 90th percentile can go up to $3,760. These figures show how property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell offers expert property tax appeal and exemption services to help homeowners in Fruitland Park reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying on their tax bills. This can result in substantial savings, providing financial relief and peace of mind.
Average Fruitland Park Tax Bill
$1,707
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruitland Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34731 | $623 | $966 | $1,707 | $2,655 | $3,760 |
Source: Ownwell
$1,148
Average Fruitland Park 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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