Plantation, Florida Property Taxes
The median property tax rate in Plantation, FL is 1.20%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Plantation at $419,335, the typical annual property tax bill reaches $4,399, exceeding the national median of $2,690. Property taxes in Plantation 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 Plantation'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 Plantation 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
Plantation, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$5,032
$4,758
$1,148
Average Plantation, Florida Tax Savings
Ownwell’s Plantation Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plantation with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plantation 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 Plantation. 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 Plantation, Florida
Property taxes in Plantation, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plantation is 1.20%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Plantation set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plantation 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 Plantation's effective property tax rate to other areas in Florida and the national median. For comparison, the 33325 zip code has the highest median property tax rate of 1.46%, while the 33317 zip code has the lowest median tax rate of 1.03%. Understanding how these areas compare with Plantation 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 Plantation Tax Rate
1.20%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plantation, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33313 | 0.15% | 0.57% | 1.24% | 1.78% | 2.02% |
| 33317 | 0.46% | 0.66% | 1.03% | 1.65% | 1.95% |
| 33322 | 0.44% | 0.71% | 1.09% | 1.72% | 1.96% |
| 33323 | 0.76% | 0.96% | 1.26% | 1.67% | 2.03% |
| 33324 | 0.57% | 0.86% | 1.37% | 1.86% | 2.01% |
| 33325 | 0.63% | 0.96% | 1.46% | 1.94% | 2.05% |
Source: Ownwell
$1,148
Average Plantation Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Plantation, Florida
In Plantation, 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 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 Plantation, 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 zip code with the highest median tax bill is 33323 at $9,950, while the lowest is 33313 at $2,209. Being aware of these valuation processes in Plantation helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plantation Assessed Value
$419,335
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 Plantation, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33313 | $112,800 | $124,780 | $166,900 | $419,802 | $493,471 |
| 33317 | $157,090 | $329,695 | $472,810 | $578,580 | $673,174 |
| 33322 | $201,220 | $285,480 | $423,560 | $574,680 | $656,188 |
| 33323 | $525,230 | $626,972 | $771,485 | $1,001,772 | $1,332,015 |
| 33324 | $193,080 | $229,120 | $342,740 | $512,690 | $854,802 |
| 33325 | $192,370 | $230,330 | $428,775 | $697,928 | $1,043,459 |
Source: Ownwell
$1,148
Average Plantation Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Plantation, Florida
In Plantation, Broward County, FL, property tax bills are calculated based on the assessed value of a home, 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. For instance, with a median home price of $419,335, homeowners can expect tax bills ranging from $2,718 at the 25th percentile to $10,434 at the 90th percentile. Factors such as the property's location, market conditions, and any applicable exemptions are considered in the assessment process. High property taxes can significantly impact homeowners, making it crucial to ensure your tax bill is fair. Ownwell specializes in property tax appeals and exemption services, helping homeowners in Plantation save on their property tax bills. 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 burden and saving you money.
Average Plantation Tax Bill
$4,399
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Plantation, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33313 | $189 | $1,062 | $2,209 | $3,780 | $7,329 |
| 33317 | $1,484 | $2,612 | $4,253 | $6,806 | $9,639 |
| 33322 | $1,231 | $2,790 | $4,554 | $6,522 | $9,043 |
| 33323 | $4,874 | $6,708 | $9,950 | $14,501 | $21,175 |
| 33324 | $1,775 | $3,096 | $4,334 | $6,876 | $10,990 |
| 33325 | $1,864 | $3,758 | $5,499 | $9,203 | $15,066 |
Source: Ownwell
$1,148
Average Plantation 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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