Citrus Springs, Citrus County, Florida Property Taxes

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

Median Citrus Springs, FL effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Citrus Springs, FL home value: $202,160
Median annual Citrus Springs, FL tax bill: $1,708, $692 lower than the national median property tax bill of $2,400.

How are property taxes in Citrus County calculated?

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

Last Updated March 1, 2025

Citrus Springs, Citrus County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$1,698

$1,576

Ownwell’s Citrus Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Citrus Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Citrus Springs’s 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 Citrus Springs, Citrus County, Florida

Local government entities are responsible for setting tax rates, which can vary significantly within Florida. Each county establishes its budget to fund essential services and divides it by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. This process, influenced by votes and legislation, is repeated annually. Citrus Springs in Citrus County showcases an effective property tax rate that aligns with the highest and lowest rates within the county, both standing at 0.84%. This rate is notably below Florida's median property tax rate and falls short of the national median of 1.02%. For homeowners in Citrus Springs, this translates to a more favorable property tax bill compared to the national median of $2400. Understanding these rates is crucial for property owners aiming to optimize their tax liabilities. By comparing Citrus Springs’ property tax rate with other cities in Florida and national figures, homeowners can make informed decisions about their property investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Citrus Springs, 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 Citrus Springs Tax Rate

0.84%

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 Citrus Springs, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34433	0.41%	0.51%	0.84%	1.39%	1.58%
34434	0.38%	0.48%	0.84%	1.37%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Citrus Springs, Citrus County, Florida

When examining property taxes in Citrus Springs, 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 March. 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 Springs. For example, the median home price in Citrus Springs is $202,160, with tax bills ranging significantly across the county. Zip code 34433 has the highest median home price at $214,392.

Property Tax Assessment Values Across Citrus Springs, Citrus County, Florida

Source: Ownwell

$103,780

$172,238

$240,696

Median Citrus Springs Market Value

$202,160

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 Springs, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34433	$169,361	$190,494	$214,392	$252,734	$335,237
34434	$133,062	$164,523	$197,760	$226,393	$256,803

Source: Ownwell

Property Tax Bills Across Citrus Springs, Citrus County, Florida

In Citrus Springs, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Citrus County Property Appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in the area is $202,160, and the tax bills vary significantly, with the 25th percentile at $996 and the 75th percentile at $2,687. The highest median tax bill in the region is $2,001 in the 34433 zip code, while the lowest is $1,635 in the 34434 zip code. Compared to the national median property tax bill of $2,400, Citrus Springs homeowners generally experience lower tax bills. However, these taxes can still pose a financial burden. Ownwell can assist homeowners by identifying potential exemptions and appealing incorrect assessments, potentially reducing their property tax bills. By leveraging expert knowledge and local insights, Ownwell ensures homeowners pay only their fair share, offering peace of mind and financial relief.

Property Tax Bills Across Citrus Springs, Citrus County, Florida

Source: Ownwell

$777

$1,389

$2,001

Median Citrus Springs Tax Bill

$1,708

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 Springs, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34433	$748	$1,170	$2,001	$3,006	$3,568
34434	$612	$950	$1,635	$2,602	$3,335

Source: Ownwell

Don't miss the deadline to petition!

Dates

Links
Citrus Property Appraiser
Website	www.citruspa.org