Trenton, Florida Property Taxes
The median property tax rate in Trenton, FL is 1.21%, higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $92,490, the typical annual property tax bill in Trenton reaches $964, which is below the national median of $2,690. Property taxes in Trenton are assessed 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 Trenton'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 Trenton 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
Trenton, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,119
$1,058
Ownwell’s Trenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trenton 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 Trenton, Florida
Property taxes in Trenton, Florida, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Trenton is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Trenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trenton 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 Trenton's effective property tax rate to other areas and the national median. For comparison, the zip code 32693 has both the highest and the lowest median property tax rate of 1.21%. Understanding how these areas compare with Trenton provides valuable insights into the varying tax landscape across Levy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Trenton Tax Rate
1.21%
Average Levy County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | 0.62% | 0.78% | 1.21% | 1.77% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Trenton, Florida
In Trenton, 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 Levy 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 Trenton, 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. With a median home price of $92,490, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $652, while it rises to $1,540 at the 75th percentile and $2,422 at the 90th percentile. The zip code 32693 has both the highest and lowest median tax bill, which stands at $964. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trenton Assessed Value
$92,490
Average Levy County Assessed Value
$106,002
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | $30,911 | $48,914 | $92,490 | $152,722 | $213,863 |
Source: Ownwell
Property Tax Bills Across Trenton, Florida
In Trenton, Levy County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Trenton stands at $92,490, and property tax bills can vary significantly within the area. For instance, the 25th percentile tax bill is $652, while the 75th percentile tax bill reaches $1,540. Homeowners in the 90th percentile could see tax bills as high as $2,422. The highest and lowest median tax bills, both recorded at $964, are found in the zip code 32693. Compared to the national median property tax rate of 0.99%, Trenton's property tax rates and bills reflect the local economic conditions and property values. These taxes fund essential public services, impacting overall community quality and homeowners' financial planning.
Average Trenton Tax Bill
$964
Average Levy County Tax Bill
$1,048
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Trenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32693 | $399 | $652 | $964 | $1,540 | $2,422 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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