Alturas, Florida Property Taxes
The median property tax rate in Alturas, FL is 1.42%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Alturas, the typical annual property tax bill reaches $1,460, which is still below the national median of $2,690. Property taxes in Alturas 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 Alturas'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 Alturas 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
Alturas, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,428
$1,351
$1,148
Average Alturas, Florida Tax Savings
Ownwell’s Alturas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alturas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alturas 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 Alturas. 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 Alturas, Florida
Property taxes in Alturas, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alturas is 1.42%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Alturas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alturas 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 Alturas's effective property tax rate to other counties in Florida and the national median. For comparison, the 33820 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Alturas provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alturas Tax Rate
1.42%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alturas, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33820 | 0.57% | 0.84% | 1.42% | 1.66% | 2.02% |
Source: Ownwell
$1,148
Average Alturas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Alturas, Florida
In Alturas, 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 Polk 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 Alturas, 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. For instance, the median home price in Alturas is $100,552, with tax bills ranging from $978 at the 25th percentile to $2,296 at the 90th percentile. 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 Alturas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alturas Assessed Value
$100,552
Average Polk County Assessed Value
$203,226
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alturas, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33820 | $32,282 | $74,513 | $100,552 | $153,610 | $189,931 |
Source: Ownwell
$1,148
Average Alturas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Alturas, Florida
In Alturas, Polk County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in Alturas is $100,552. Tax rates are applied to this assessed value to determine your annual tax bill. For homeowners in Alturas, the median tax bill stands at $1,460, with the 25th percentile at $978 and the 75th percentile at $1,960. Several factors influence your tax bill, including property improvements, local tax rates, and exemptions you may qualify for. The national median property tax rate is 0.99%, making Alturas' rates relatively competitive. Ownwell can help homeowners in Alturas save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value and ensures it is accurate, identifying any discrepancies that could lead to a reduction in your tax bill. By leveraging our expertise, you can potentially lower your property tax obligations and save money annually.
Average Alturas Tax Bill
$1,460
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Alturas, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33820 | $633 | $978 | $1,460 | $1,960 | $2,296 |
Source: Ownwell
$1,148
Average Alturas 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 10 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Polk Property Appraiser | |
| Website | www.polkpa.org |
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