Indialantic, Florida Property Taxes
The median property tax rate in Indialantic, FL is 0.93%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Indialantic, the typical annual property tax bill reaches $3,872, surpassing the national median of $2,690. Property taxes in Indialantic are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Indialantic'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 Indialantic 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
Indialantic, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$4,065
$3,844
$1,148
Average Indialantic, Florida Tax Savings
Ownwell’s Indialantic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indialantic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indialantic 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 Indialantic. 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 Indialantic, Florida
Property taxes in Indialantic, Florida, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Indialantic is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Indialantic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indialantic 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 Indialantic's effective property tax rate to other areas in Brevard County and the national median. For comparison, the 32903 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Indialantic 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 Indialantic Tax Rate
0.93%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indialantic, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32903 | 0.48% | 0.62% | 0.93% | 1.26% | 1.53% |
Source: Ownwell
$1,148
Average Indialantic Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Indialantic, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Indialantic, Florida. 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 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 Indialantic, 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 Indialantic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,872, found in the 32903 zip code.
Average Indialantic Assessed Value
$437,150
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 Indialantic, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32903 | $216,856 | $305,305 | $437,150 | $587,220 | $753,918 |
Source: Ownwell
$1,148
Average Indialantic Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Indialantic, Florida
Property tax bills in Indialantic, located in Brevard County, FL, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $437,150, homeowners in Indialantic might expect a median tax bill around $4,372, given the local rates and assessments. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Indialantic face varying tax bills, with the 25th percentile at $2,432 and the 90th percentile reaching $8,196. This wide range shows how important it is to ensure your property is fairly assessed. Ownwell helps homeowners by providing expert property tax appeal and exemption services, potentially lowering your tax bill. By analyzing local assessments and market conditions, Ownwell can identify discrepancies and advocate on your behalf, ensuring you pay only your fair share.
Average Indialantic Tax Bill
$3,872
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Indialantic, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32903 | $1,544 | $2,432 | $3,872 | $5,568 | $8,196 |
Source: Ownwell
$1,148
Average Indialantic 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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