North Venice, Florida Property Taxes
The median property tax rate in North Venice, FL is 1.82%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in North Venice, the typical annual property tax bill reaches $10,015, exceeding the national median of $2,690. Property taxes in North Venice 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 North Venice'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 North Venice 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
North Venice, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$9,574
$9,061
$1,148
Average North Venice, Florida Tax Savings
Ownwell’s North Venice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Venice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Venice 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 North Venice. 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 North Venice, Florida
Property taxes in North Venice, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Venice stands at 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Venice set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Venice 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 North Venice's effective property tax rate to other counties in Florida and the national median. For comparison, the 34275 zip code has both the highest and lowest median property tax rate of 1.82%. Understanding how these cities compare with North Venice provides valuable insights into the varying tax landscape across Sarasota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Venice Tax Rate
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 North Venice, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34275 | 1.01% | 1.49% | 1.82% | 2.26% | 2.53% |
Source: Ownwell
$1,148
Average North Venice Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Venice, Florida
In North Venice, 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 Sarasota 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 North Venice, 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. The highest and lowest median tax bills are both $10,015 in zip code 34275. Being aware of these valuation processes in North Venice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Venice, Florida
Source: Ownwell
$141,600
$984,325
$1,827,050
Average North Venice Assessed Value
$526,050
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 North Venice, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34275 | $373,050 | $424,225 | $526,050 | $631,350 | $815,750 |
Source: Ownwell
$1,148
Average North Venice Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Venice, Florida
In North Venice, Sarasota County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value considers factors such as market conditions, property size, and improvements. Homeowners in North Venice face a median property tax bill of around $10,015, significantly higher than the national median property tax rate of 0.99%. This hefty tax burden can be challenging for many homeowners. Ownwell can assist homeowners in North Venice by providing expert property tax appeal and exemption services. By thoroughly analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can help homeowners reduce their tax bills. Their professional consultants work to ensure that the assessed value accurately reflects the property's true market value, potentially saving homeowners thousands of dollars. With Ownwell's support, homeowners can better manage their property tax obligations, ensuring they only pay their fair share.
Average North Venice Tax Bill
$10,015
Average Sarasota County Tax Bill
$3,451
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across North Venice, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34275 | $4,790 | $8,145 | $10,015 | $11,650 | $13,576 |
Source: Ownwell
$1,148
Average North Venice 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 | |
|---|---|
| Sarasota Property Appraiser | |
| Website | www.sc-pa.com |
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