Sarasota County Property Taxes

The median property tax rate in Sarasota County is 1.09%, which is higher than the national median of 0.99% but slightly lower than the Florida state median of 1.14%. With a median home value of $349,900, the typical annual property tax bill in Sarasota County amounts to $3,451, surpassing the national median of $2,690. Property taxes in Sarasota County are based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sarasota County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Sarasota or another part of the county, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Sarasota County Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.09%

Estimate Property Tax Bill

$3,814

$3,609

$1,148

Average Sarasota County Tax Savings

Ownwell’s Sarasota Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarasota with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sarasota to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Sarasota. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.

Property Tax Rates Across Sarasota County, Florida

Property taxes in Sarasota County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sarasota County is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Sarasota County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sarasota County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sarasota County's effective property tax rate with other counties in Florida and the national median. For comparison, the city of North Venice has one of the higher property tax rates in Florida at 1.82%, while the city of Myakka City boasts one of the lowest at 0.74%. Analyzing how Sarasota County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.

Property Tax Rates Across Sarasota County, Florida

Source: Ownwell

0.54%

1.18%

1.82%

Average Sarasota County Tax Rate

1.09%

Average Florida Tax Rate

1.14%

Average United States Tax Rate

0.99%

Property Tax Rates Across Sarasota County, Florida

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Englewood	0.51%	0.67%	1.02%	1.26%	1.45%
Lakewood Ranch	0.57%	0.81%	1.13%	1.15%	1.18%
Longboat Key	0.63%	0.78%	1.11%	1.22%	1.33%
Myakka City	0.42%	0.66%	0.74%	1.14%	1.17%
Nokomis	0.48%	0.64%	1.05%	1.26%	1.52%
North Port	0.62%	0.82%	1.23%	1.62%	1.83%
North Venice	1.01%	1.49%	1.82%	2.26%	2.53%
Osprey	0.54%	0.68%	0.82%	1.16%	1.25%
Sarasota	0.48%	0.66%	1.05%	1.25%	1.38%
Sidell	0.99%	1.04%	1.12%	1.20%	1.25%
Venice	0.53%	0.71%	1.11%	1.33%	1.51%

Source: Ownwell

Property Tax Assessment Values Across Sarasota County, Florida

Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Sarasota. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sarasota Appraisal District. The assessed value, however, 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 Sarasota are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Sarasota, the highest median tax bill is found in Lakewood Ranch at $19,151, while the lowest is in Sidell at $1,675. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.

Property Tax Assessment Values Across Sarasota County, Florida

Source: Ownwell

$141,600

$984,325

$1,827,050

Average Sarasota County Assessed Value

$349,900

Average Florida Assessed Value

$276,648

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Sarasota County, Florida

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Englewood	$131,660	$199,600	$310,400	$472,700	$700,540
Lakewood Ranch	$1,259,460	$1,448,150	$1,827,050	$2,206,250	$3,498,560
Longboat Key	$458,100	$717,450	$1,101,050	$1,750,275	$2,751,250
Myakka City	$402,370	$650,650	$1,013,350	$1,331,750	$1,739,670
Nokomis	$120,060	$258,500	$421,700	$569,300	$815,880
North Port	$108,500	$199,500	$275,300	$338,800	$409,200
North Venice	$373,050	$424,225	$526,050	$631,350	$815,750
Osprey	$231,650	$394,125	$583,250	$801,400	$1,341,350
Sarasota	$182,970	$259,300	$371,900	$580,300	$986,000
Sidell	$98,000	$114,350	$141,600	$168,850	$185,200
Venice	$182,000	$243,900	$350,700	$488,500	$639,600

Source: Ownwell

Property Tax Bills Across Sarasota County, Florida

In Sarasota 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. The median home price in Sarasota County is $349,900, and property tax bills vary significantly. For instance, the 25th percentile tax bill is $2,153, while the 75th percentile reaches $5,421, and the 90th percentile climbs to $8,802. The highest median tax bill in the area, found in Lakewood Ranch, is $19,151, whereas Sidell has the lowest at $1,675. Several factors influence these tax bills, including property location, improvements, and exemptions. High property taxes can place a financial strain on homeowners. Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and identifying potential savings through appeals and exemptions. With expert guidance, homeowners can potentially reduce their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Sarasota County, Florida

Source: Ownwell

$1,675

$10,413

$19,151

Average Sarasota County Tax Bill

$3,451

Average Florida Tax Bill

$2,953

Average United States Tax Bill

$2,690

Property Tax Bills Across Sarasota County, Florida

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Englewood	$1,072	$1,769	$2,747	$4,291	$6,688
Lakewood Ranch	$10,964	$14,734	$19,151	$22,285	$26,348
Longboat Key	$4,223	$7,021	$10,782	$17,003	$28,121
Myakka City	$2,363	$3,941	$6,980	$11,637	$18,459
Nokomis	$1,119	$1,947	$3,553	$5,760	$8,783
North Port	$1,177	$1,920	$2,987	$4,349	$5,523
North Venice	$4,790	$8,145	$10,015	$11,650	$13,576
Osprey	$1,718	$3,143	$4,735	$7,329	$11,388
Sarasota	$1,306	$2,198	$3,514	$5,609	$9,586
Sidell	$1,001	$1,254	$1,675	$2,096	$2,348
Venice	$1,302	$2,190	$3,375	$5,250	$7,546

Source: Ownwell

Want to lower your Sarasota County property taxes?

Looking to reduce your Sarasota property taxes? Ownwell is the leading property tax protest company serving Sarasota. We specialize in helping property owners in the Sarasota area and beyond lower their taxes by working directly with the Sarasota Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Sarasota property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Sarasota property tax expenses through our proven strategies and expert advocacy.

Property Tax Petitions in Florida

Navigating the property tax protest process in Sarasota County, FL, can be a critical step for homeowners looking to reduce their tax burden. Homeowners can appeal their property tax assessments if they believe their property has been over-assessed. The process begins with filing a petition to the Value Adjustment Board (VAB), which is responsible for hearing and deciding on appeals. The appeal process involves several steps. First, homeowners should gather evidence that supports their claim of over-assessment. This evidence can include recent sales of comparable properties, an independent appraisal, or any other relevant documentation that demonstrates the property’s market value. Once the petition is filed, the VAB schedules a hearing where the homeowner can present their case. During the hearing, the homeowner or their representative presents the evidence to a special magistrate, who reviews the information and makes a recommendation to the VAB. The board then considers the magistrate’s recommendation and makes a final decision on the appeal. Potential outcomes can range from a reduction in the assessed value, resulting in lower property taxes, to no change in the assessment if the board finds the current valuation to be accurate. Ownwell can significantly ease this process for homeowners. With expertise in property tax law and local market conditions, Ownwell’s consultants can help gather the necessary evidence, file the petition, and represent the homeowner at the VAB hearing. By leveraging their knowledge and experience, Ownwell aims to achieve the best possible outcome for homeowners, potentially saving them a substantial amount on their property tax bills.

Exemptions in Florida

Sarasota County in Florida offers several property tax exemption programs designed to provide financial relief to homeowners. One of the most significant exemptions is the Homestead Exemption, which is available to homeowners who use their property as their primary residence. This exemption can significantly reduce the assessed value of the home, thereby lowering the property tax bill. In addition to the Homestead Exemption, Sarasota County provides exemptions for seniors, veterans, and individuals with disabilities. Seniors aged 65 and older who meet specific income requirements can benefit from an additional exemption, further decreasing their property tax burden. Veterans with a service-connected disability, as well as surviving spouses of veterans, may also qualify for substantial tax relief. Furthermore, individuals with disabilities or those who are legally blind can avail themselves of specialized exemptions tailored to their needs. To apply for these exemptions, homeowners must submit the appropriate application forms to the Sarasota County Property Appraiser's Office, along with any required documentation that verifies eligibility. The application process typically involves providing proof of residency, age, income, or disability status, depending on the exemption sought. Ownwell can assist homeowners in navigating the complexities of these exemption programs, ensuring that they maximize their potential savings. By leveraging our expertise, homeowners can confidently apply for and secure the exemptions they are entitled to, thereby reducing their property tax liabilities.

Available Exemptions