The Villages, Florida Property Taxes
The median property tax rate in The Villages, FL is 1.11%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $322,900 in The Villages, the typical annual property tax bill amounts to $3,834, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often below the market value due to exemptions like those for primary residences and agricultural properties. Understanding The Villages' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of The Villages or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
The Villages, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,584
$3,392
Ownwell’s The Villages Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in The Villages with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in The Villages 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 The Villages, Florida
Property taxes in The Villages, Florida, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in The Villages is 1.11%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within The Villages set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Villages 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 The Villages' effective property tax rate to other areas in Sumter County and the national median. For comparison, the 32163 zip code has the highest median property tax rate of 1.36%, while the 32159 zip code has the lowest median tax rate of 0.74%. Understanding how these areas compare with The Villages provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average The Villages Tax Rate
1.11%
Average Sumter County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32159 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| 32162 | 0.65% | 0.74% | 0.98% | 1.18% | 1.41% |
| 32163 | 0.81% | 1.06% | 1.36% | 1.73% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across The Villages, Florida
In The Villages, Florida, understanding the difference between "market value" and "assessed value" is essential 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 Sumter 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. Assessment notices in The Villages 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 Villages is $4,994 in the 32163 zip code, while the lowest is $1,819 in the 32159 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average The Villages Assessed Value
$322,900
Average Sumter County Assessed Value
$280,650
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32159 | $247,090 | $247,090 | $247,090 | $247,090 | $247,090 |
| 32162 | $215,375 | $249,640 | $303,710 | $395,420 | $517,780 |
| 32163 | $34,646 | $257,070 | $359,790 | $451,208 | $564,823 |
Source: Ownwell
Property Tax Bills Across The Villages, Florida
Property tax bills in The Villages, Sumter County, FL, are determined based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in The Villages has a median home price of $322,900. Local tax authorities then apply the tax rate to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in The Villages can expect a wide range of tax bills, from the 25th percentile at $2,744 to the 75th percentile at $5,189, with the 90th percentile reaching up to $6,852. The highest median tax bill is found in the 32163 zip code, at $4,994, while the lowest median tax bill in the area is $1,819 in the 32159 zip code. These property taxes significantly impact homeowners by contributing to local services and infrastructure, but they also represent a considerable annual expense.
Average The Villages Tax Bill
$3,834
Average Sumter County Tax Bill
$3,060
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32159 | $1,819 | $1,819 | $1,819 | $1,819 | $1,819 |
| 32162 | $1,734 | $2,295 | $3,088 | $4,055 | $5,115 |
| 32163 | $3,074 | $3,906 | $4,994 | $6,335 | $7,888 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Sumter Property Appraiser | |
| Website | qpublic.schneidercorp.com |