Welaka, Florida Property Taxes
The median property tax rate in Welaka, FL is 1.54%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Welaka, the typical annual property tax bill reaches $1,850, which is below the national median of $2,690. Property taxes in Welaka 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 Welaka'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 Welaka 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
Welaka, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,228
$2,108
Ownwell’s Welaka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Welaka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Welaka to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Welaka, Florida
Property taxes in Welaka, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Welaka is 1.54%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Welaka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Welaka 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 Welaka's effective property tax rate to other areas in Florida and the national median. For comparison, the 32181 zip code has the highest median property tax rate of 1.61%, while the 32193 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Welaka provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Welaka Tax Rate
1.54%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Welaka, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32181 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
| 32193 | 0.60% | 0.87% | 1.54% | 1.86% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Welaka, Florida
In Welaka, 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 Putnam 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 Welaka, 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 highest median tax bill in the area is $1,858 in zip code 32193, while the lowest is $321 in zip code 32181. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Welaka Assessed Value
$144,670
Average Putnam County Assessed Value
$96,560
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Welaka, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32181 | $19,960 | $19,960 | $19,960 | $19,960 | $19,960 |
| 32193 | $44,330 | $78,325 | $144,765 | $219,798 | $315,025 |
Source: Ownwell
Property Tax Bills Across Welaka, Florida
In Welaka, located in Putnam County, FL, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Welaka can expect a median home price of $144,670. The property tax rate in Welaka is influenced by various factors, including local government budgets, school funding, and public services. This rate is then applied to the assessed value to determine the annual tax bill. For example, the tax bill at the 25th percentile is $858, while it can reach up to $3,288 at the 75th percentile and $4,688 at the 90th percentile. These property taxes significantly impact homeowners, as they contribute to local infrastructure and community services. Compared to the national median property tax rate of 0.99%, Welaka's property tax bills reflect the specific needs and priorities of the local community.
Average Welaka Tax Bill
$1,850
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Welaka, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32181 | $321 | $321 | $321 | $321 | $321 |
| 32193 | $480 | $860 | $1,858 | $3,289 | $4,689 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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