Ocklawaha, Florida Property Taxes
The median property tax rate in Ocklawaha, FL is 1.22%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $95,587 in Ocklawaha, the typical annual property tax bill amounts to $956, which is below the national median of $2,690. Property taxes in Ocklawaha are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ocklawaha'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 Ocklawaha or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ocklawaha, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,166
$1,103
Ownwell’s Ocklawaha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ocklawaha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ocklawaha 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 Ocklawaha, Florida
Property taxes in Ocklawaha, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ocklawaha is 1.22%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Ocklawaha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ocklawaha 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 Ocklawaha's effective property tax rate to other counties in Florida and the national median. For comparison, the 32179 zip code has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Ocklawaha 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 Ocklawaha Tax Rate
1.22%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ocklawaha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32179 | 0.60% | 0.76% | 1.22% | 1.84% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Ocklawaha, Florida
In Ocklawaha, 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 Marion 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 Ocklawaha, 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 Ocklawaha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ocklawaha is $95,587, with the median tax bill at $956 in zip code 32179, reflecting the local property tax landscape.
Average Ocklawaha Assessed Value
$95,587
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 Ocklawaha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32179 | $25,076 | $44,522 | $95,587 | $170,029 | $272,926 |
Source: Ownwell
Property Tax Bills Across Ocklawaha, Florida
In Ocklawaha, Marion County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $95,587, property taxes can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $615, while those in the 75th percentile might pay approximately $1,826. For properties in the 90th percentile, the tax bill can reach up to $3,043. The local tax rate in Ocklawaha is influenced by various factors, including county budgets, school funding, and public services. Compared to the national median property tax rate of 0.99%, Ocklawaha's rates can result in both lower and higher tax bills depending on the home's assessed value. This variability in property taxes can impact homeowners' monthly budgets and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations accurately.
Average Ocklawaha Tax Bill
$956
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ocklawaha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32179 | $328 | $615 | $956 | $1,826 | $3,043 |
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 |