Weston, Florida Property Taxes
The median property tax rate in Weston, FL is 1.45%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Weston at $603,335, the typical annual property tax bill reaches $8,618, exceeding the national median of $2,690. Property taxes in Weston 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 Weston'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 Weston 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
Weston, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$8,748
$8,118
$1,148
Average Tax Savings
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston. 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 Weston, Florida
Property taxes in Weston, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 1.45%, higher than the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other areas in Broward County and the national median. For comparison, the 33326 zip code has the highest median property tax rate of 1.55%, while the 33331 zip code has the lowest median tax rate of 1.34%. Understanding how these areas compare with Weston 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 Weston Tax Rate
1.45%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33326 | 0.86% | 1.08% | 1.55% | 2.02% | 2.16% |
| 33327 | 0.97% | 1.13% | 1.42% | 1.87% | 2.01% |
| 33331 | 0.88% | 1.06% | 1.34% | 1.81% | 1.96% |
| 33332 | 1.05% | 1.16% | 1.43% | 1.84% | 1.96% |
Source: Ownwell
$1,148
Average Weston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Weston, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weston, 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 Weston, 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. For instance, the median home price is $603,335, with tax bills ranging from $6,041 at the 25th percentile to $16,035 at the 90th percentile. The zip code 33332 has the highest median tax bill at $11,657, while zip code 33326 has the lowest at $7,070. By understanding 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weston Assessed Value
$603,335
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 Weston, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33326 | $259,470 | $294,892 | $461,060 | $677,202 | $895,829 |
| 33327 | $446,940 | $546,510 | $696,920 | $931,010 | $1,256,770 |
| 33331 | $367,611 | $452,488 | $614,700 | $809,480 | $1,020,162 |
| 33332 | $458,180 | $649,175 | $863,520 | $1,103,920 | $1,598,140 |
Source: Ownwell
$1,148
Average Weston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Weston, Florida
In Weston, located in 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. For instance, with a median home price of $603,335, homeowners can expect varying tax bills. The 25th percentile tax bill is around $6,041, while the 75th percentile reaches $11,655. The highest median tax bill in the area is $11,657 in the 33332 zip code, contrasting with the lowest median tax bill of $7,070 in the 33326 zip code. These property taxes can significantly impact homeowners, often leading to financial strain. Ownwell steps in to provide property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners only pay their fair share. This service can lead to substantial savings, easing the financial burden and allowing homeowners to invest their money elsewhere.
Average Weston Tax Bill
$8,618
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33326 | $3,411 | $5,027 | $7,070 | $9,709 | $12,544 |
| 33327 | $6,067 | $7,866 | $10,166 | $13,346 | $17,742 |
| 33331 | $4,550 | $6,196 | $8,348 | $10,881 | $15,845 |
| 33332 | $7,459 | $8,984 | $11,657 | $15,858 | $23,114 |
Source: Ownwell
$1,148
Average Weston 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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