Belle Isle, Florida Property Taxes
The median property tax rate in Belle Isle, FL is 0.98%, slightly below the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $441,631 in Belle Isle, the typical annual property tax bill reaches $4,610, significantly higher than the national median of $2,690. Property taxes in Belle Isle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Belle Isle'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 Belle Isle 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
Belle Isle, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$4,328
$4,096
$1,148
Average Belle Isle, Florida Tax Savings
Ownwell’s Belle Isle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Isle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Isle 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 Belle Isle. 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 Belle Isle, Florida
Property taxes in Belle Isle, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Isle is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Belle Isle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Isle 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 Belle Isle's effective property tax rate to other areas in Orange County and the national median. For comparison, the 32809 zip code has the highest median property tax rate of 1.01%, while the 32812 zip code has the lowest median tax rate of 0.97%. Understanding how these areas compare with Belle Isle provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Isle Tax Rate
0.98%
Average Orange County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Isle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32809 | 0.57% | 0.69% | 1.01% | 1.34% | 1.64% |
| 32812 | 0.64% | 0.75% | 0.97% | 1.27% | 1.59% |
Source: Ownwell
$1,148
Average Belle Isle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Belle Isle, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belle Isle, 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 Orange 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 Belle Isle, 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. For instance, the highest median tax bill in Belle Isle is $4,667 in the 32812 zip code, while the lowest median tax bill is $4,339 in the 32809 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Belle Isle, Florida
Source: Ownwell
$111,048
$2,289,076
$4,467,104
Average Belle Isle Assessed Value
$441,631
Average Orange County Assessed Value
$317,031
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Isle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32809 | $265,563 | $321,572 | $413,200 | $728,665 | $1,099,970 |
| 32812 | $340,955 | $396,210 | $456,793 | $575,254 | $856,042 |
Source: Ownwell
$1,148
Average Belle Isle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Belle Isle, Florida
In Belle Isle, property tax bills are calculated based on the assessed value of the home, which is determined by the Orange County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, market conditions, and exemptions play a role in this calculation. For instance, the median home price in Belle Isle is $441,631, leading to varying tax bills across the city. Homeowners in the 25th percentile pay around $2,995, while those in the 75th percentile face bills up to $7,119. The highest median tax bill in the area is $4,667 in the 32812 zip code, compared to the lowest median of $4,339 in the 32809 zip code. Ownwell assists homeowners by identifying potential errors in the assessed value and applying for exemptions, which can significantly reduce tax burdens. By leveraging expert knowledge and local data, Ownwell ensures homeowners only pay their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Belle Isle Tax Bill
$4,610
Average Orange County Tax Bill
$3,346
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Isle, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32809 | $1,716 | $2,641 | $4,339 | $7,934 | $12,446 |
| 32812 | $2,380 | $3,206 | $4,667 | $6,821 | $9,391 |
Source: Ownwell
$1,148
Average Belle Isle 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 18 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Orange Property Appraiser | |
| Phone | (407) 836-5044 |
| Website | ocpaweb.ocpafl.org |
| Amy.Mercado@ocpafl.org | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.