Wilton Manors, Florida Property Taxes
The median property tax rate in Wilton Manors, FL is 1.38%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Wilton Manors at $507,265, the typical annual property tax bill reaches $5,020, exceeding the national median of $2,690. Property taxes in Wilton Manors are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilton Manors' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wilton Manors 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
Wilton Manors, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$7,000
$6,496
$1,148
Average Tax Savings
Ownwell’s Wilton Manors Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilton Manors with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilton Manors 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 Wilton Manors. 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 Wilton Manors, Florida
Property taxes in Wilton Manors, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilton Manors is 1.38%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Wilton Manors set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilton Manors 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 Wilton Manors' effective property tax rate to other areas in Broward County and the national median. For comparison, the 33334 zip code has the highest median property tax rate of 1.45%, while the 33306 zip code has the lowest median tax rate of 1.17%. Understanding how these areas compare with Wilton Manors 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 Wilton Manors Tax Rate
1.38%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilton Manors, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | 0.43% | 0.79% | 1.44% | 1.98% | 2.15% |
| 33306 | 0.41% | 0.54% | 1.17% | 1.82% | 2.06% |
| 33311 | 0.37% | 0.58% | 1.26% | 1.95% | 2.16% |
| 33334 | 0.46% | 0.93% | 1.45% | 1.94% | 2.10% |
Source: Ownwell
$1,148
Average Wilton Manors Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wilton Manors, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilton Manors, 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 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. Assessment notices in Wilton Manors 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 highest median tax bill in the area is $8,653 in the 33306 zip code, while the lowest median tax bill is $3,810 in the 33311 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wilton Manors, Florida
Source: Ownwell
$92,640
$3,655,020
$7,217,400
Average Wilton Manors Assessed Value
$507,265
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 Wilton Manors, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | $176,504 | $278,180 | $464,000 | $728,170 | $999,172 |
| 33306 | $567,050 | $624,160 | $724,460 | $844,740 | $1,012,520 |
| 33311 | $126,380 | $170,130 | $520,125 | $664,938 | $807,590 |
| 33334 | $198,360 | $249,720 | $507,270 | $631,340 | $791,254 |
Source: Ownwell
$1,148
Average Wilton Manors Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wilton Manors, Florida
In Wilton Manors, property tax bills are calculated based on the assessed value of your home, which is determined by the Broward County Property Appraiser. The assessed value is then multiplied by the local millage rate to determine your tax bill. For example, with a median home price of $507,265, homeowners in Wilton Manors can expect a tax bill ranging from $2,906 at the 25th percentile to $13,267 at the 90th percentile. Homeowners in Wilton Manors face varying tax bills depending on their property's assessed value and the specific millage rates applied. The highest median tax bill in the area is $8,653 in the 33306 zip code, while the lowest is $3,810 in the 33311 zip code. These figures highlight the significant impact property taxes can have on homeowners. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and identifying potential discrepancies, Ownwell can help reduce your tax burden, ensuring you pay only your fair share.
Average Wilton Manors Tax Bill
$5,020
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilton Manors, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33305 | $1,711 | $3,073 | $5,444 | $9,940 | $15,063 |
| 33306 | $2,564 | $4,386 | $8,653 | $12,563 | $15,728 |
| 33311 | $1,060 | $2,344 | $3,810 | $8,474 | $11,975 |
| 33334 | $2,094 | $3,535 | $5,278 | $9,092 | $12,246 |
Source: Ownwell
$1,148
Average Wilton Manors 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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