Tequesta, Florida Property Taxes
The median property tax rate in Tequesta, FL is 1.82%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Tequesta at $264,600, the typical annual property tax bill reaches $4,468, exceeding the national median of $2,690. Property taxes in Tequesta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tequesta'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 Tequesta 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
Tequesta, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$4,816
$4,557
$1,148
Average Tequesta, Florida Tax Savings
Ownwell’s Tequesta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tequesta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tequesta 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 Tequesta. 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 Tequesta, Florida
Property taxes in Tequesta, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tequesta is 1.82%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Tequesta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tequesta 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 Tequesta's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the zip code 33469 has the highest median property tax rate of 1.82%, while the same zip code also represents the lowest median tax rate of 1.82%. Understanding how these figures compare with Tequesta provides valuable insights into the varying tax landscape across Palm Beach County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tequesta Tax Rate
1.82%
Average Palm Beach County Tax Rate
1.34%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tequesta, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33469 | 0.82% | 1.15% | 1.82% | 1.96% | 2.03% |
Source: Ownwell
$1,148
Average Tequesta Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tequesta, Florida
In Tequesta, 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 Palm Beach 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 Tequesta, 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 median home price in Tequesta is $264,600, with tax bills ranging from $3,446 at the 25th percentile to $8,158 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tequesta Assessed Value
$264,600
Average Palm Beach County Assessed Value
$316,112
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tequesta, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33469 | $169,600 | $227,900 | $264,600 | $539,260 | $717,846 |
Source: Ownwell
$1,148
Average Tequesta Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tequesta, Florida
In Tequesta, Palm Beach County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $264,600, homeowners can expect a tax bill ranging from $3,446 at the 25th percentile to $8,158 at the 90th percentile. The highest median tax bill in the area is $4,468, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and local tax rates all play a role in determining the final tax amount. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By leveraging expert knowledge in property tax appeal and exemption services, Ownwell can help homeowners contest their assessed values and potentially lower their tax bills, ensuring they pay only their fair share.
Average Tequesta Tax Bill
$4,468
Average Palm Beach County Tax Bill
$3,892
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tequesta, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33469 | $2,617 | $3,446 | $4,468 | $5,273 | $8,158 |
Source: Ownwell
$1,148
Average Tequesta 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 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Palm Beach Property Appraiser | |
| Phone | (561) 355-3230 |
| Website | www.pbcgov.org |
| pa-info@pbcgov.org | |
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