W Melbourne, Florida Property Taxes
The median property tax rate in W Melbourne, FL is 0.93%, slightly below the national median of 0.99% and the Florida state median of 1.14%. With the median home value in W Melbourne at $170,700, the typical annual property tax bill amounts to $1,256, which is well below the national median of $2,690. Property taxes in W Melbourne are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By gaining a thorough understanding of W Melbourne's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're located in the heart of W Melbourne or in another part of the city, familiarizing yourself with the local property tax regulations will be beneficial in managing and potentially lowering your property tax obligations.
Last Updated June 14, 2024
W Melbourne, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,588
$1,473
$1,148
Average Tax Savings
Ownwell’s W Melbourne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in W Melbourne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in W Melbourne 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 W Melbourne. 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 W Melbourne, Florida
Property taxes in West Melbourne, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Melbourne is 0.93%, which is below the U.S. national median of 0.99%. Local government entities within West Melbourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Melbourne 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 West Melbourne's effective property tax rate to other counties in Florida and the national median. For comparison, the 32904 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with West Melbourne 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 W Melbourne 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 W Melbourne, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32904 | 0.49% | 0.55% | 0.93% | 1.16% | 1.21% |
Source: Ownwell
$1,148
Average W Melbourne Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across W Melbourne, Florida
In West Melbourne, 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 West Melbourne, 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 West Melbourne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In West Melbourne, the median home price is $170,700. The highest median tax bill is $1,256 in the 32904 zip code, which is also the lowest median tax bill in the area.
Average W Melbourne Assessed Value
$170,700
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 W Melbourne, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32904 | $5,218 | $78,198 | $170,700 | $295,710 | $342,162 |
Source: Ownwell
$1,148
Average W Melbourne Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across W Melbourne, Florida
In W Melbourne, located in Brevard County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in this area is $170,700, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property condition, improvements, and market trends are considered in the assessment. Homeowners in W Melbourne can expect tax bills ranging from $586 at the 25th percentile to $2,775 at the 90th percentile, with the highest median tax bill being $1,256 in the 32904 zip code. High property taxes can significantly impact homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values and, consequently, their tax bills. With a deep understanding of local tax laws and market conditions, Ownwell can effectively advocate on behalf of homeowners, ensuring they pay only their fair share.
Average W Melbourne Tax Bill
$1,256
Average Brevard County Tax Bill
$2,198
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across W Melbourne, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32904 | $56 | $586 | $1,256 | $2,149 | $2,775 |
Source: Ownwell
$1,148
Average W Melbourne 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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