Homeland, Florida Property Taxes
The median property tax rate in Homeland, FL is 1.36%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Homeland, the typical annual property tax bill reaches $1,016, which is below the national median of $2,690. Property taxes in Homeland 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 Homeland'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 Homeland 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
Homeland, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,303
$1,232
$1,148
Average Homeland, Florida Tax Savings
Ownwell’s Homeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Homeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homeland 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 Homeland. 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 Homeland, Florida
Property taxes in Homeland, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homeland stands at 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Homeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homeland 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 Homeland's effective property tax rate to other areas in Polk County and the national median. For comparison, the zip code 33847 in Homeland has both the highest and lowest median property tax rate of 1.36%. Understanding how these cities compare with Homeland 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 Homeland Tax Rate
1.36%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homeland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33847 | 0.60% | 0.73% | 1.36% | 1.56% | 2.21% |
Source: Ownwell
$1,148
Average Homeland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Homeland, Florida
In Homeland, 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. Assessment notices in Homeland 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. The median home price in Homeland is $95,806, with tax bills ranging from $760 at the 25th percentile to $2,298 at the 90th percentile. The zip code 33847 has both the highest and lowest median tax bill at $1,016. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Homeland Assessed Value
$95,806
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 Homeland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33847 | $44,023 | $56,565 | $95,806 | $163,489 | $193,035 |
Source: Ownwell
$1,148
Average Homeland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Homeland, Florida
In Homeland, Polk County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county's property appraiser. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $95,806, homeowners can expect their property tax bill to fall between $760 and $1,471, depending on various factors like property location and exemptions. Some homeowners might even see tax bills as high as $2,298. These tax bills can significantly impact homeowners, especially when they exceed the national median property tax rate of 0.99%. This is where Ownwell steps in. By leveraging our expertise in property tax appeals and exemptions, we can help reduce your assessed value, ensuring you pay only your fair share. Our team navigates the complexities of property tax laws, offering you peace of mind and potential savings on your property tax bill.
Average Homeland Tax Bill
$1,016
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Homeland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33847 | $595 | $760 | $1,016 | $1,471 | $2,298 |
Source: Ownwell
$1,148
Average Homeland 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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