Englewood, Florida Property Taxes
The median property tax rate in Englewood, FL is 1.58%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Englewood, the typical annual property tax bill reaches $2,886, exceeding the national median of $2,690. Property taxes in Englewood 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 Englewood'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 Englewood 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
Englewood, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,636
$3,374
Ownwell’s Englewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Englewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Englewood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Englewood, Florida
Property taxes in Englewood, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Englewood is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Englewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Englewood 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 Englewood's effective property tax rate to other areas in Charlotte County and the national median. For comparison, the 34223 zip code has the highest median property tax rate of 1.67%, while the 34224 zip code has the lowest median tax rate of 1.44%. Understanding how these areas compare with Englewood provides valuable insights into the varying tax landscape across Charlotte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Englewood Tax Rate
1.58%
Average Charlotte County Tax Rate
1.42%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Englewood, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | 0.82% | 1.28% | 1.67% | 1.84% | 2.02% |
| 34224 | 0.69% | 0.89% | 1.44% | 1.86% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Englewood, Florida
In Englewood, 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 Charlotte 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 Englewood, 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. Englewood's highest median tax bill is $5,097 in zip code 34223, while the lowest median tax bill is $2,680 in zip code 34224. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Englewood Assessed Value
$230,122
Average Charlotte County Assessed Value
$241,434
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Englewood, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | $139,027 | $223,737 | $333,787 | $485,966 | $708,808 |
| 34224 | $102,458 | $141,086 | $207,851 | $290,925 | $372,438 |
Source: Ownwell
Property Tax Bills Across Englewood, Florida
In Englewood, Charlotte County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. This assessed value is then multiplied by the local tax rate. Homeowners in Englewood experience a range of tax bills depending on their property's value and specific circumstances. For instance, the median home price in Englewood is $230,122, leading to varying tax bills. The tax bill at the 25th percentile is $1,898, while at the 75th percentile, it rises to $4,527. For those at the 90th percentile, the tax bill can reach up to $6,618. The highest median tax bill in Englewood is found in the 34223 zip code, amounting to $5,097, whereas the lowest is in the 34224 zip code, at $2,680. These figures highlight the significant impact of property taxes on homeowners, influencing their annual financial planning and long-term investment decisions. Notably, the local tax rate in Charlotte County is below the national median property tax rate of 0.99%.
Average Englewood Tax Bill
$2,886
Average Charlotte County Tax Bill
$3,041
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Englewood, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34223 | $2,078 | $3,217 | $5,097 | $7,301 | $10,725 |
| 34224 | $1,185 | $1,728 | $2,680 | $3,790 | $5,108 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Charlotte Property Appraiser | |
| Website | www.ccappraiser.com |