Beverly Hills, Citrus County, Florida Property Taxes

Name: Property Tax Bills Across Beverly Hills, Citrus County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Beverly Hills, FL effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Beverly Hills, FL home value: $190,279
Median annual Beverly Hills, FL tax bill: $1,764, $636 lower than the national median property tax bill of $2,400.

How are property taxes in Citrus calculated?

Property taxes in Beverly Hills, FL 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 Beverly Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beverly Hills, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Beverly Hills, Citrus County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$1,484

$1,377

Ownwell’s Beverly Hills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Beverly Hills with just two data points. By entering your property's estimated assessed value, our calculator applies Beverly Hills’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Citrus County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Beverly Hills, Citrus County, Florida

Local government entities in Florida set property tax rates, and these can vary significantly across the state. Each year, counties estimate the budget they need to provide essential services and divide that by the total assessed value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the essence of the annual process.

In Beverly Hills, located in Citrus County, the effective property tax rate reflects this localized approach. When compared to other cities in Florida, Beverly Hills shares a median property tax rate of 0.78%, which is lower than the national median of 1.02%. This means residents typically enjoy lower property tax bills compared to the national median property tax bill of $2400. Whether you're a homeowner or a prospective buyer, understanding these rates can help you make informed decisions about your property investments in Beverly Hills.

Property Tax Rates Across Beverly Hills, Citrus County, Florida

Source: Ownwell

0.68%

0.87%

1.06%

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 Beverly Hills Tax Rate

0.78%

Median Effective Citrus County Tax Rate

0.82%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beverly Hills, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34465	0.32%	0.51%	0.78%	1.26%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Beverly Hills, Citrus County, Florida

When examining property taxes in Beverly Hills, FL, 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.

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 Beverly Hills. For example, the median home price in Beverly Hills is $190,279, with tax bills ranging significantly across the county. Zip code 34465 has the highest median home price at $190,279.

Property Tax Assessment Values Across Beverly Hills, Citrus County, Florida

Source: Ownwell

$103,780

$172,238

$240,696

Median Beverly Hills Market Value

$190,279

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 Beverly Hills, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34465	$117,380	$133,856	$190,279	$346,112	$439,404

Source: Ownwell

Property Tax Bills Across Beverly Hills, Citrus County, Florida

In Beverly Hills, Citrus County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $190,279, homeowners in this area can expect their tax bills to vary. The 25th percentile tax bill is around $872, while the 75th percentile reaches $2,801, and the 90th percentile can be as high as $4,192. This range indicates how property values and local tax rates impact the overall tax burden. Compared to the national median property tax bill of $2,400, Beverly Hills residents might find their tax bills to be more manageable, though some may experience higher costs. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and a streamlined process, Ownwell helps reduce property tax burdens, providing financial relief to homeowners.

Property Tax Bills Across Beverly Hills, Citrus County, Florida

Source: Ownwell

$777

$1,389

$2,001

Median Beverly Hills Tax Bill

$1,764

Median Citrus County Tax Bill

$1,605

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Beverly Hills, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34465	$468	$872	$1,764	$2,801	$4,192

Source: Ownwell

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Dates

Links
Citrus Property Appraiser
Website	www.citruspa.org