Gotha, Florida Property Taxes
The median property tax rate in Gotha, FL is 1.01%, slightly above the national median of 0.99% but below the Florida state median of 1.14%. With a median home value of $380,661 in Gotha, the typical annual property tax bill amounts to $3,518, surpassing the national median of $2,690. Property taxes in Gotha are determined based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Gotha'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 Gotha or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gotha, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$3,845
$3,638
$1,148
Average Gotha, Florida Tax Savings
Ownwell’s Gotha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gotha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gotha 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 Gotha. 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 Gotha, Florida
Property taxes in Gotha, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gotha is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Gotha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gotha 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 Gotha's effective property tax rate to other counties in Florida and the national median. For comparison, the 34734 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Gotha 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 Gotha Tax Rate
1.01%
Average Orange County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gotha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34734 | 0.53% | 0.74% | 1.01% | 1.49% | 1.58% |
Source: Ownwell
$1,148
Average Gotha Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gotha, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gotha, 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 Gotha, 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. Notably, the zip code 34734 has both the highest and lowest median tax bill at $3,518. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gotha Assessed Value
$380,661
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 Gotha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34734 | $175,049 | $248,472 | $380,661 | $472,074 | $597,223 |
Source: Ownwell
$1,148
Average Gotha Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gotha, Florida
In Gotha, located in Orange County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate. For instance, with a median home price of $380,661, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $2,431, while the 75th percentile reaches $5,090, and the 90th percentile can be as high as $7,376. This variation can significantly impact homeowners, especially when the median tax bill in the area is $3,518, which is notably higher than the national median property tax rate of 0.99%. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing property assessments and identifying discrepancies, Ownwell ensures homeowners are not overpaying. This professional guidance can lead to substantial savings, making property ownership more affordable and less stressful.
Average Gotha Tax Bill
$3,518
Average Orange County Tax Bill
$3,346
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Gotha, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34734 | $1,304 | $2,431 | $3,518 | $5,090 | $7,376 |
Source: Ownwell
$1,148
Average Gotha 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 | |
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