Citrus County, Florida Property Taxes
Median Citrus County effective property tax rate: 0.82%, significantly lower than the national median of 1.02%.
Median Citrus County home value: $196,001
Median annual Citrus County tax bill: $1,605, $795 lower than the national median property tax bill of $2,400.
How are property taxes in Citrus County calculated?
Property taxes in Citrus County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Inverness or another part of Citrus County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Citrus County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$1,607
$1,491
Property Tax Rates Across Citrus County, Florida
Local government entities set property tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Citrus County's effective property tax rate to other counties in Florida or the U.S. median property tax rate. Citrus County's median property tax rate stands at 0.82%, which is below the national median of 1.02%. Within Florida, Inglis has the highest median tax rate at 1.06%, while Inverness boasts the lowest at 0.73%. This variation highlights the importance of understanding local tax rates and how they impact your property tax bill. By staying informed, property owners can better manage their expenses and potentially take advantage of tax appeal services to ensure fair taxation.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Citrus County Tax Rate
0.82%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Citrus County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Hills | 0.32% | 0.51% | 0.78% | 1.26% | 1.45% |
| Brooksville | N/A | N/A | N/A | N/A | N/A |
| Citrus Springs | 0.38% | 0.49% | 0.84% | 1.38% | 1.58% |
| Crystal River | 0.34% | 0.48% | 0.91% | 1.42% | 1.62% |
| Dunnellon | 0.35% | 0.48% | 0.84% | 1.39% | 1.58% |
| Floral City | 0.31% | 0.42% | 0.74% | 1.35% | 1.54% |
| Hernando | 0.39% | 0.58% | 0.92% | 1.37% | 1.55% |
| Holder | 0.28% | 0.43% | 0.76% | 1.40% | 1.54% |
| Homosassa | 0.34% | 0.51% | 0.82% | 1.37% | 1.57% |
| Inglis | 0.31% | 0.54% | 1.06% | 1.46% | 1.58% |
| Inverness | 0.33% | 0.42% | 0.73% | 1.35% | 1.59% |
| Lecanto | 0.38% | 0.53% | 0.79% | 1.32% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Citrus County, Florida
When examining property taxes in Citrus County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Citrus County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Citrus County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Citrus County.
For example, the median tax bill in Citrus County is $1,899, with tax bills ranging significantly across the county. Hernando has the highest median home price at $240,696.
Median Citrus County Market Value
$196,001
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Citrus County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Hills | $117,380 | $133,856 | $190,279 | $346,112 | $439,404 |
| Brooksville | N/A | N/A | N/A | N/A | N/A |
| Citrus Springs | $139,317 | $171,895 | $202,160 | $232,342 | $272,575 |
| Crystal River | $81,693 | $134,424 | $194,241 | $294,530 | $473,816 |
| Dunnellon | $73,612 | $121,578 | $190,414 | $252,544 | $359,422 |
| Floral City | $60,302 | $93,852 | $159,770 | $232,476 | $321,121 |
| Hernando | $61,776 | $122,734 | $240,696 | $354,680 | $456,484 |
| Holder | $42,655 | $73,225 | $103,780 | $136,965 | $196,488 |
| Homosassa | $74,168 | $128,004 | $201,499 | $299,942 | $384,779 |
| Inglis | $43,510 | $70,602 | $182,704 | $350,876 | $497,324 |
| Inverness | $95,501 | $134,676 | $180,603 | $237,211 | $324,543 |
| Lecanto | $94,839 | $165,402 | $237,212 | $301,141 | $407,387 |
Source: Ownwell
Property Tax Bills Across Citrus County, Florida
Median Citrus County Tax Bill
$1,605
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Citrus County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Hills | $468 | $872 | $1,764 | $2,801 | $4,192 |
| Brooksville | N/A | N/A | N/A | N/A | N/A |
| Citrus Springs | $638 | $996 | $1,708 | $2,687 | $3,402 |
| Crystal River | $509 | $808 | $1,641 | $2,930 | $5,359 |
| Dunnellon | $446 | $707 | $1,498 | $2,630 | $3,670 |
| Floral City | $332 | $613 | $1,091 | $1,975 | $3,119 |
| Hernando | $499 | $895 | $1,899 | $3,378 | $5,010 |
| Holder | $213 | $496 | $777 | $1,432 | $1,829 |
| Homosassa | $450 | $792 | $1,638 | $2,769 | $4,191 |
| Inglis | $183 | $543 | $1,284 | $4,015 | $5,731 |
| Inverness | $479 | $681 | $1,414 | $2,371 | $3,350 |
| Lecanto | $554 | $1,028 | $1,817 | $2,995 | $4,260 |
Source: Ownwell
Don't miss the deadline to petition!
Links | |
|---|---|
| Citrus Property Appraiser | |
| Website | www.citruspa.org |