Tierra Verde, Florida Property Taxes
The median property tax rate in Tierra Verde, FL is 1.00%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Tierra Verde at $779,992, the typical annual property tax bill reaches $8,612, significantly exceeding the national median of $2,690. Property taxes in Tierra Verde 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 Tierra Verde'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 Tierra Verde 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
Tierra Verde, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$7,800
$7,382
$1,148
Average Tierra Verde, Florida Tax Savings
Ownwell’s Tierra Verde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tierra Verde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tierra Verde 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 Tierra Verde. 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 Tierra Verde, Florida
Property taxes in Tierra Verde, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tierra Verde is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Tierra Verde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tierra Verde 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 Tierra Verde's effective property tax rate to other counties in Florida and the national median. For comparison, the 33715 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Tierra Verde provides valuable insights into the varying tax landscape across Pinellas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tierra Verde Tax Rate
1.00%
Average Pinellas County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tierra Verde, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33715 | 0.63% | 0.79% | 1.00% | 1.40% | 1.65% |
Source: Ownwell
$1,148
Average Tierra Verde Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tierra Verde, Florida
In Tierra Verde, 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 Pinellas 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 Tierra Verde, 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 Tierra Verde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tierra Verde, both at $8,612, are found in the zip code 33715.
Average Tierra Verde Assessed Value
$779,992
Average Pinellas County Assessed Value
$254,032
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tierra Verde, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33715 | $458,119 | $571,455 | $779,992 | $1,412,201 | $2,093,608 |
Source: Ownwell
$1,148
Average Tierra Verde Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tierra Verde, Florida
In Tierra Verde, Pinellas County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $779,992, homeowners in Tierra Verde can expect significant property tax bills. For instance, the 25th percentile tax bill is around $5,612, while the 75th percentile reaches $14,217, and the 90th percentile can soar to $22,185. These figures are notably higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including property size, location, and market conditions. High property taxes can strain homeowners' finances, making it essential to explore potential savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners identify inaccuracies in assessments and secure lower tax bills. By leveraging Ownwell’s expertise, homeowners can ensure they are not overpaying and potentially save thousands of dollars annually.
Average Tierra Verde Tax Bill
$8,612
Average Pinellas County Tax Bill
$2,581
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tierra Verde, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33715 | $3,895 | $5,612 | $8,612 | $14,217 | $22,185 |
Source: Ownwell
$1,148
Average Tierra Verde 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Pinellas Property Appraiser | |
| Website | www.pcpao.gov |
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