Parkland, Florida Property Taxes
The median property tax rate in Parkland, FL is 1.35%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Parkland at $879,500, the typical annual property tax bill reaches $12,005, exceeding the national median of $2,690. Property taxes in Parkland 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 Parkland'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 Parkland 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
Parkland, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$11,873
$11,226
$1,148
Average Parkland, Florida Tax Savings
Ownwell’s Parkland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parkland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parkland 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 Parkland. 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 Parkland, Florida
Property taxes in Parkland, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parkland is 1.35%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Parkland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parkland 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 Parkland's effective property tax rate to other areas in Florida and the national median. For comparison, the 33076 zip code has the highest median property tax rate of 1.43%, while the 33067 zip code has the lowest median tax rate of 1.12%. Understanding how these areas compare with Parkland 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 Parkland Tax Rate
1.35%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parkland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33067 | 0.71% | 0.89% | 1.12% | 1.43% | 1.85% |
| 33076 | 1.08% | 1.23% | 1.43% | 1.79% | 2.02% |
Source: Ownwell
$1,148
Average Parkland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Parkland, Florida
In Parkland, 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 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 Parkland, 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 Parkland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Parkland is $13,020 in the 33076 zip code, while the lowest is $9,067 in the 33067 zip code.
Average Parkland Assessed Value
$879,500
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 Parkland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33067 | $427,220 | $578,522 | $773,100 | $1,145,612 | $1,522,966 |
| 33076 | $574,343 | $741,635 | $905,540 | $1,106,410 | $1,419,263 |
Source: Ownwell
$1,148
Average Parkland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Parkland, Florida
In Parkland, located in Broward County, FL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. With a median home price of $879,500, the property tax rates can significantly impact homeowners. For instance, the median tax bills range from $9,067 in zip code 33067 to $13,020 in zip code 33076. These figures are influenced by factors such as market value, property type, and any applicable exemptions or abatements. Homeowners in Parkland face higher property tax bills compared to the national median property tax rate of 0.99%. For those in the 25th percentile, tax bills average around $8,703, while those in the 90th percentile can see bills as high as $21,568. This financial burden can be alleviated with professional help. Ownwell assists homeowners in appealing their property tax assessments and securing exemptions, potentially leading to substantial savings. By leveraging local expertise and understanding the nuances of property valuation, Ownwell helps ensure that homeowners pay no more than their fair share in property taxes.
Average Parkland Tax Bill
$12,005
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Parkland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33067 | $3,732 | $5,813 | $9,067 | $13,695 | $19,412 |
| 33076 | $8,202 | $10,078 | $13,020 | $16,966 | $22,323 |
Source: Ownwell
$1,148
Average Parkland 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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