Viera, Florida Property Taxes
The median property tax rate in Viera, FL is 0.89%, 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 Viera, the typical annual property tax bill reaches $3,614, surpassing the national median of $2,690. Property taxes in Viera 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 Viera'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 Viera 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
Viera, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$3,616
$3,356
$1,148
Average Tax Savings
Ownwell’s Viera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Viera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Viera 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 Viera. 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 Viera, Florida
Property taxes in Viera, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Viera is 0.89%, which is below the U.S. national median of 0.99%. Local government entities within Viera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Viera 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 Viera's effective property tax rate to other areas in Brevard County and the national median. For comparison, the zip code 32940 has both the highest and lowest median property tax rate of 0.89%, aligning with Viera's rate. Understanding how these areas compare with Viera 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 Viera Tax Rate
0.89%
Average Brevard County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Viera, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32940 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
$1,148
Average Viera Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Viera, Florida
In Viera, 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 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 Viera, 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 Viera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 32940, both at $3,614.
Average Viera Assessed Value
$406,330
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 Viera, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32940 | $406,330 | $406,330 | $406,330 | $406,330 | $406,330 |
Source: Ownwell
$1,148
Average Viera Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Viera, Florida
In Viera, Brevard County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Brevard County Property Appraiser. This assessed value is then multiplied by the local tax rate. With a median home price of $406,330, homeowners in Viera face a median property tax bill of $3,614, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, market conditions, and any applicable exemptions. High property taxes can significantly impact homeowners, increasing their annual expenses and affecting their overall financial health. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing market data and leveraging local property tax regulations, Ownwell can identify opportunities for reducing assessed values and securing exemptions. This can lead to substantial savings on property tax bills, alleviating financial burdens and ensuring homeowners are not overpaying.
Average Viera Tax Bill
$3,614
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Viera, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32940 | $3,614 | $3,614 | $3,614 | $3,614 | $3,614 |
Source: Ownwell
$1,148
Average Viera 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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