Fellsmere, Florida Property Taxes
The median property tax rate in Fellsmere, FL is 1.20%, which is higher than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $203,320 in Fellsmere, the typical annual property tax bill amounts to $1,236, falling below the national median of $2,690. Property taxes in Fellsmere are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Fellsmere's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Fellsmere or another part of Brevard County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Fellsmere, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,440
$2,264
$1,148
Average Tax Savings
Ownwell’s Fellsmere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fellsmere with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fellsmere to project 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 Fellsmere. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Fellsmere, Florida
Property taxes in Fellsmere, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fellsmere is 0.86%, lower than both the Florida state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Fellsmere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fellsmere 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 Fellsmere's effective property tax rate to other counties in Florida and the national median. For comparison, the 32948 zip code has the highest median property tax rate of 0.86%, while the 32948 zip code has the lowest median tax rate of 0.86%. Understanding how these cities compare with Fellsmere provides valuable insights into the varying tax landscape across Brevard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fellsmere Tax Rate
1.20%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fellsmere, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32948 | 0.73% | 0.91% | 1.20% | 1.28% | 1.33% |
Source: Ownwell
$1,148
Average Fellsmere Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fellsmere, Florida
In Fellsmere, 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 Brevard 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 Fellsmere, 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. Being aware of these valuation processes in Fellsmere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32948 has both the highest and lowest median tax bill, valued at $1,236.
Average Fellsmere Assessed Value
$203,320
Average Brevard County Assessed Value
$243,020
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fellsmere, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32948 | $99,904 | $138,685 | $203,320 | $241,280 | $264,056 |
Source: Ownwell
$1,148
Average Fellsmere Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fellsmere, Florida
In Fellsmere, located in Brevard County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your tax bill. The median home price in Fellsmere is $203,320, and homeowners can expect a property tax bill ranging from $1,064 at the 25th percentile to $3,290 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $1,236, as seen in the zip code 32948. This tax burden can significantly impact homeowners, especially when property values rise. Ownwell can help you navigate this complex system by providing expert property tax appeal and exemption services. By challenging over-assessed property values and identifying potential exemptions, Ownwell can help reduce your property tax bill, ensuring you only pay your fair share. This professional assistance can result in substantial savings, offering peace of mind and financial relief to homeowners in Fellsmere.
Average Fellsmere Tax Bill
$1,236
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fellsmere, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32948 | $960 | $1,064 | $1,236 | $2,520 | $3,290 |
Source: Ownwell
$1,148
Average Fellsmere 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Brevard Property Appraiser | |
| Website | www.bcpao.us |
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