Dundee, Florida Property Taxes
The median property tax rate in Dundee, FL is 1.31%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Dundee at $205,704, the typical annual property tax bill reaches $2,223, which is below the national median of $2,690. Property taxes in Dundee 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 Dundee'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 Dundee 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
Dundee, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,695
$2,550
$1,148
Average Dundee, Florida Tax Savings
Ownwell’s Dundee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dundee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundee 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 Dundee. 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 Dundee, Florida
Property taxes in Dundee, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundee is 1.31%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Dundee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundee 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 Dundee's effective property tax rate to other counties in Florida and the national median. For comparison, the 33838 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these cities compare with Dundee 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 Dundee Tax Rate
1.31%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33838 | 0.37% | 0.71% | 1.31% | 1.85% | 2.10% |
Source: Ownwell
$1,148
Average Dundee Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dundee, Florida
In Dundee, 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 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 Dundee, 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 Dundee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dundee is $2,223, located in zip code 33838, while the lowest median tax bill is also $2,223 in the same zip code.
Average Dundee Assessed Value
$205,704
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 Dundee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33838 | $63,644 | $140,146 | $205,704 | $230,326 | $257,482 |
Source: Ownwell
$1,148
Average Dundee Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dundee, Florida
In Dundee, Polk County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. Factors such as property size, location, and market conditions influence this assessment. The median home price in Dundee is $205,704. Homeowners in the 25th percentile pay around $826, while those in the 75th percentile pay approximately $3,502. The highest median tax bill in the area is $2,223, found in zip code 33838. Compared to the national median property tax rate of 0.99%, Dundee's property tax rates can vary significantly, affecting homeowners' annual expenses. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with market trends, Ownwell identifies potential discrepancies and assists in filing appeals to ensure you’re not overpaying. This can lead to substantial savings, making homeownership more affordable and manageable.
Average Dundee Tax Bill
$2,223
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundee, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33838 | $540 | $826 | $2,223 | $3,502 | $4,492 |
Source: Ownwell
$1,148
Average Dundee 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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