Placida, Florida Property Taxes
The median property tax rate in Placida, FL is 1.57%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Placida at $432,312, the typical annual property tax bill reaches $6,330, exceeding the national median of $2,690. Property taxes in Placida 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 Placida'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 Placida 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
Placida, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$6,787
$6,298
Ownwell’s Placida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placida with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placida 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 Placida, Florida
Property taxes in Placida, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Placida is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Placida set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placida 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 Placida's effective property tax rate to other regions and the national median. For comparison, the zip code 33946 has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these figures compare with Placida 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 Placida Tax Rate
1.57%
Average Charlotte County Tax Rate
1.42%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Placida, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33946 | 0.99% | 1.25% | 1.57% | 1.74% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Placida, Florida
In Placida, 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 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 Placida, 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 Placida helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33946 has the highest and lowest median tax bill, both at $6,330, showcasing the importance of understanding these valuations to manage your property taxes effectively.
Average Placida Assessed Value
$432,312
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 Placida, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33946 | $201,548 | $302,603 | $432,312 | $636,966 | $1,007,292 |
Source: Ownwell
Property Tax Bills Across Placida, Florida
In Placida, located in Charlotte County, FL, property tax bills are calculated based on the assessed value of a home and the applicable local tax rate. The assessed value is determined by the county property appraiser and is typically a percentage of the property's market value. Homeowners in Placida can expect their tax bills to vary significantly, influenced by factors such as the property's location, size, and condition. For instance, the median home price in Placida is $432,312, and the property tax rate plays a crucial role in determining the final tax bill. Homeowners at the 25th percentile pay around $4,177 annually, while those at the 75th percentile pay about $9,472. At the 90th percentile, tax bills can reach up to $14,238. These figures highlight the range of property tax burdens in the area, which can impact homeowners' financial planning and overall housing affordability. Compared to the national median property tax rate of 0.99%, Placida's property tax rates reflect the unique economic and property value conditions of the region.
Average Placida Tax Bill
$6,330
Average Charlotte County Tax Bill
$3,041
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Placida, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33946 | $3,081 | $4,177 | $6,330 | $9,472 | $14,238 |
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 |