Lazy Lake, Florida Property Taxes
The median property tax rate in Lazy Lake, FL is 2.03%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Lazy Lake at $971,545, the typical annual property tax bill reaches $15,551, far exceeding the national median of $2,690. Property taxes in Lazy Lake 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 Lazy Lake'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 Lazy Lake or another part of Broward County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lazy Lake, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$19,722
$18,302
$1,148
Average Tax Savings
Ownwell's Lazy Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lazy Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lazy Lake 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 Lazy Lake. 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 Lazy Lake, Florida
Property taxes in Lazy Lake, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lazy Lake is 2.03%, significantly higher than the Florida state median and the U.S. national median of 0.99%. Local government entities within Lazy Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lazy Lake 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 Lazy Lake's effective property tax rate to other areas in Florida and the national median. For comparison, the 33305 zip code has the highest median property tax rate of 2.03%, while the lowest median tax rate is also 2.03% within the same zip code. Understanding how these cities compare with Lazy Lake 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 Lazy Lake Tax Rate
2.03%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lazy Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | 1.10% | 1.72% | 2.03% | 2.09% | 2.09% |
Source: Ownwell
$1,148
Average Lazy Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lazy Lake, Florida
In Lazy Lake, Florida, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 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 Lazy Lake, 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. The median home price in Lazy Lake stands at $971,545, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $12,572, while the 75th percentile tax bill is $21,832. The highest and lowest median tax bills are both found in zip code 33305, each at $15,551. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Lazy Lake Assessed Value
$971,545
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 Lazy Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | $744,343 | $803,270 | $971,545 | $1,068,738 | $1,105,285 |
Source: Ownwell
$1,148
Average Lazy Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lazy Lake, Florida
In Lazy Lake, Broward County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. With a median home price of $971,545, homeowners in Lazy Lake often face substantial tax bills. The 25th percentile tax bill is $12,572, while the 75th percentile tax bill reaches $21,832, and the 90th percentile tax bill hits $22,533, which is significantly higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Lazy Lake save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf, potentially lowering your tax bill and ensuring you’re not overpaying.
Average Lazy Lake Tax Bill
$15,551
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lazy Lake, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | $11,494 | $12,572 | $15,551 | $21,832 | $22,533 |
Source: Ownwell
$1,148
Average Lazy Lake 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 | |
|---|---|
| Broward Property Appraiser | |
| Phone | (954) 357-6904 |
| Website | web.bcpa.net |
| martykiar@bcpa.net | |
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