Belleview, Florida Property Taxes
The median property tax rate in Belleview, FL is 1.00%, just slightly above the national median of 0.99% but below Florida's state median of 1.14%. With a median home value of $143,076 in Belleview, the typical annual property tax bill amounts to $1,409, which is significantly lower than the national median of $2,690. Property taxes in Belleview are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Belleview's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Belleview or another part of the city, gaining insights into the local property tax system is invaluable.
Last Updated June 14, 2024
Belleview, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,431
$1,353
Ownwell’s Belleview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleview 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 Belleview, Florida
Property taxes in Belleview, Florida, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Belleview is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Belleview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleview 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 Belleview's effective property tax rate to other areas in Marion County and the national median. For comparison, the zip code 34420 has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Belleview provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleview Tax Rate
1.00%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34420 | 0.57% | 0.70% | 1.00% | 1.64% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Belleview, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belleview, 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 Marion 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 Belleview, 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 Belleview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Belleview is $143,076, with tax bills ranging from $806 at the 25th percentile to $3,160 at the 90th percentile. The zip code 34420 has both the highest and lowest median tax bill, which is $1,409.
Average Belleview Assessed Value
$143,076
Average Marion County Assessed Value
$176,469
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34420 | $54,707 | $95,362 | $143,076 | $199,494 | $274,416 |
Source: Ownwell
Property Tax Bills Across Belleview, Florida
Property tax bills in Belleview, located in Marion County, FL, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Belleview experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $806, while the 75th percentile sees tax bills around $2,293. At the 90th percentile, homeowners can expect to pay as much as $3,160. These figures show a significant variation, reflecting differences in property values and the specific characteristics of each property. Compared to the national median property tax rate of 0.99%, Belleview's rates indicate how local assessments and tax rates can significantly impact what homeowners owe. This variation affects homeowners by influencing their annual financial obligations and potentially their decisions about buying or selling property in the area.
Average Belleview Tax Bill
$1,409
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34420 | $568 | $806 | $1,409 | $2,293 | $3,160 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Marion Property Appraiser | |
| Website | www.pa.marion.fl.us |