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Coconut Creek, Florida Property Taxes

The median property tax rate in Coconut Creek, FL, is 1.34%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Coconut Creek, the typical annual property tax bill reaches $3,756, exceeding the national median of $2,690. Property taxes in Coconut Creek 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 Coconut Creek'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 Coconut Creek 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

Coconut Creek, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.34%

Estimate Property Tax Bill

$3,437

$3,190

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Coconut Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coconut Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coconut Creek 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 Coconut Creek. 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 Coconut Creek, Florida

Property taxes in Coconut Creek, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coconut Creek is 1.34%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Coconut Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coconut Creek 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 Coconut Creek's effective property tax rate to other areas in Broward County and the national median. For comparison, the 33073 zip code has the highest median property tax rate of 1.42%, while the 33066 zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Coconut Creek provides valuable insights into the varying tax landscape across Broward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Coconut Creek, Florida

Source: Ownwell

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0.61%

1.65%

2.69%

Average Coconut Creek Tax Rate

1.34%

Average Broward County Tax Rate

1.44%

Average Florida Tax Rate

1.14%

Average United States Tax Rate

0.99%

Property Tax Rates Across Coconut Creek, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
330630.42%0.80%1.38%1.95%2.15%
330660.38%0.58%1.19%1.86%2.05%
330730.78%0.94%1.42%1.96%2.08%

Source: Ownwell

Property Tax Assessment Values Across Coconut Creek, Florida

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coconut Creek, 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 Broward 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 Coconut Creek, 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 Coconut Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Coconut Creek, the highest median tax bill is $5,269 in the 33073 zip code, while the lowest median tax bill is $2,721 in the 33066 zip code.

Property Tax Assessment Values Across Coconut Creek, Florida

Source: Ownwell

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$92,640

$3,655,020

$7,217,400

Average Coconut Creek Assessed Value

$256,500

Average Broward County Assessed Value

$357,080

Average Florida Assessed Value

$276,648

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Coconut Creek, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33063$199,700$221,400$260,530$341,522$427,243
33066$132,470$163,270$198,000$256,780$426,318
33073$213,310$328,300$449,750$534,405$609,325

Source: Ownwell

Property Tax Bills Across Coconut Creek, Florida

In Coconut Creek, Broward County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $256,500, homeowners can expect to pay between $2,280 and $5,406 annually, depending on various factors such as property location and exemptions. The highest median tax bill in the area is $5,269 in zip code 33073, whereas the lowest is $2,721 in zip code 33066. Homeowners in Coconut Creek face property tax rates that can significantly impact their finances. Ownwell helps homeowners by identifying potential errors in the assessed value and filing appeals to ensure a fair tax bill. By leveraging local expertise and data-driven analysis, Ownwell can help you secure property tax savings, making homeownership more affordable.

Property Tax Bills Across Coconut Creek, Florida

Source: Ownwell

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$1,710

$97,776

$193,842

Average Coconut Creek Tax Bill

$3,756

Average Broward County Tax Bill

$4,521

Average Florida Tax Bill

$2,953

Average United States Tax Bill

$2,690

Property Tax Bills Across Coconut Creek, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33063$1,040$2,378$3,586$4,647$6,114
33066$670$1,151$2,721$3,778$5,181
33073$3,180$4,102$5,269$7,591$9,650

Source: Ownwell

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