Deerfield Beach, Florida Property Taxes
The median property tax rate in Deerfield Beach, FL is 1.60%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Deerfield Beach at $246,790, the typical annual property tax bill reaches $3,078, exceeding the national median of $2,690. Property taxes in Deerfield Beach 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 Deerfield Beach'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 Deerfield Beach 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
Deerfield Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$3,949
$3,737
$1,148
Average Deerfield Beach, Florida Tax Savings
Ownwell’s Deerfield Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deerfield Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deerfield Beach 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 Deerfield Beach. 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 Deerfield Beach, Florida
Property taxes in Deerfield Beach, Florida, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Deerfield Beach is 1.60%, which is significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Deerfield Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deerfield Beach 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 Deerfield Beach's effective property tax rate to other areas in Broward County and the national median. For comparison, the 33064 zip code has the highest median property tax rate of 1.64%, while the 33442 zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with Deerfield Beach 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.
Average Deerfield Beach Tax Rate
1.60%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deerfield Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33064 | 0.37% | 0.70% | 1.64% | 1.99% | 2.21% |
| 33441 | 0.45% | 0.79% | 1.60% | 2.00% | 2.16% |
| 33442 | 0.46% | 0.70% | 1.56% | 1.94% | 2.15% |
Source: Ownwell
$1,148
Average Deerfield Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Deerfield Beach, Florida
In Deerfield Beach, 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 Broward County Appraiser's Office 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 Deerfield Beach, 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. The highest median tax bill in Deerfield Beach is $4,102 in the 33441 zip code, while the lowest median tax bill is $2,471 in the 33442 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Deerfield Beach, Florida
Source: Ownwell
$92,640
$3,655,020
$7,217,400
Average Deerfield Beach Assessed Value
$246,790
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 Deerfield Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33064 | $132,560 | $166,410 | $257,510 | $312,218 | $361,729 |
| 33441 | $148,340 | $192,510 | $339,505 | $501,980 | $728,335 |
| 33442 | $87,980 | $118,080 | $176,270 | $333,792 | $459,490 |
Source: Ownwell
$1,148
Average Deerfield Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Deerfield Beach, Florida
In Deerfield Beach, Broward County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the Broward County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For instance, homeowners in zip code 33441 face the highest median tax bill at $4,102, while those in zip code 33442 encounter a lower median bill of $2,471. The tax bill can significantly impact homeowners, with the 25th percentile tax bill at $1,751 and the 90th percentile reaching $7,751. Given the national median property tax rate of 0.99%, understanding these local variations is crucial. Ownwell assists homeowners in Deerfield Beach by providing professional property tax appeal and exemption services. By leveraging local market data and expert knowledge, Ownwell helps ensure that properties are fairly assessed, potentially reducing tax liabilities and providing substantial savings for homeowners.
Average Deerfield Beach Tax Bill
$3,078
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Deerfield Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33064 | $980 | $1,804 | $3,187 | $4,457 | $5,926 |
| 33441 | $1,066 | $2,507 | $4,102 | $7,260 | $11,286 |
| 33442 | $640 | $1,499 | $2,471 | $4,174 | $6,382 |
Source: Ownwell
$1,148
Average Deerfield Beach 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 18 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Broward Property Appraiser | |
| Phone | (954) 357-6904 |
| Website | web.bcpa.net |
| martykiar@bcpa.net | |
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