Orlando, Florida Property Taxes
The median property tax rate in Orlando, FL is 1.27%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Orlando, the typical annual property tax bill reaches $3,005, exceeding the national median of $2,690. Property taxes in Orlando 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 Orlando'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 Orlando 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
Orlando, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$3,178
$3,004
$1,148
Average Orlando, Florida Tax Savings
Ownwell’s Orlando Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Orlando with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Orlando to provide a clear estimate of your property tax bill. This useful tool not only helps you grasp your potential tax liabilities but also demonstrates how Ownwell can help reduce property taxes in Orlando. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Orlando, Florida
Property taxes in Orlando, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Orlando is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orlando set these rates annually, and they can vary across different neighborhoods. Each year, Orlando 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 Orlando's effective property tax rate to other counties in Florida and the national median. For comparison, the 32899 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Orlando provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orlando Tax Rate
1.27%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orlando, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32899 | 0.74% | 0.94% | 1.27% | 1.51% | 1.81% |
Source: Ownwell
$1,148
Average Orlando Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Orlando, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orlando, FL. 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 Lee County Appraisal District 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 Orlando, 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 Orlando helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in zip code 32899, the median tax bill is $3,005, reflecting a significant variance across different areas.
Average Orlando Assessed Value
$250,210
Average Lee County Assessed Value
$269,922
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orlando, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32899 | $137,297 | $169,887 | $250,210 | $331,650 | $376,756 |
Source: Ownwell
$1,148
Average Orlando Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Orlando, Florida
In Orlando, 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 $250,210 in Orlando, homeowners can expect to pay a range of property taxes depending on their specific property value and location within the city. The 25th percentile tax bill is around $2,083, while the 75th percentile tax bill is approximately $4,079, and the 90th percentile tax bill reaches up to $4,927. These taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell can assist homeowners in Orlando by appealing their property's assessed value, potentially lowering their tax bill. Our experts analyze your property’s assessment and market conditions to identify discrepancies, ensuring you pay only your fair share. This service can result in substantial savings, making homeownership more affordable.
Average Orlando Tax Bill
$3,005
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Orlando, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32899 | $1,010 | $2,083 | $3,005 | $4,079 | $4,927 |
Source: Ownwell
$1,148
Average Orlando 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 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lee Property Appraiser | |
| Website | www.leepa.org |
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