Dunnellon, Citrus County, Florida Property Taxes

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

Median Dunnellon, 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 Dunnellon, FL home value: $190,414
Median annual Dunnellon, FL tax bill: $1,498, $902 lower than the national median property tax bill of $2,400.

How are property taxes in Citrus County calculated?

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

Last Updated March 1, 2025

Dunnellon, 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

$1,599

$1,484

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

Local government entities in Florida set property tax rates, which can vary widely within the state. Annually, each county, including Citrus County, estimates its required budget to provide 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. Dunnellon in Citrus County has a median property tax rate of 0.84%, which is below the national median of 1.02%. Within Citrus County, Dunnellon’s rate is lower than the highest median rate of 0.96% found in the 34434 ZIP code but higher than the lowest median rate of 0.79% in the 34433 ZIP code. This indicates a relatively favorable tax environment when compared to both state and national figures. Understanding these rates can help property owners in Dunnellon make informed decisions about their real estate investments and potential savings through property tax appeals.

Property Tax Rates Across Dunnellon, 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 Dunnellon 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 Dunnellon, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34433	0.34%	0.46%	0.79%	1.35%	1.58%
34434	0.42%	0.56%	0.96%	1.47%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Dunnellon, Citrus County, Florida

When examining property taxes in Dunnellon, 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 May. 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 Dunnellon.

For example, the median home price in Dunnellon is $190,414, with tax bills ranging significantly across the county. Zip code 34434 has the highest median home price at $204,314.

Property Tax Assessment Values Across Dunnellon, Citrus County, Florida

Source: Ownwell

$103,780

$172,238

$240,696

Median Dunnellon Market Value

$190,414

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 Dunnellon, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34433	$74,207	$119,389	$182,386	$253,606	$348,786
34434	$70,584	$125,223	$204,314	$248,604	$402,675

Source: Ownwell

Property Tax Bills Across Dunnellon, Citrus County, Florida

In Dunnellon, located in Citrus County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, including the property's location, size, and market conditions, influence the assessed value. Homeowners in Dunnellon experience a range of tax bills, with the 25th percentile at $707 and the 75th percentile reaching $2,630. The highest median tax bill in the area is $1,724, while the lowest is $1,418. These figures highlight the variability in property taxes, which can significantly impact homeowners' finances. While Dunnellon’s property tax bills are generally below the national median of $2,400, they can still pose a financial burden. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their tax bills and alleviating financial strain.

Property Tax Bills Across Dunnellon, Citrus County, Florida

Source: Ownwell

$777

$1,389

$2,001

Median Dunnellon Tax Bill

$1,498

Median Citrus County Tax Bill

$1,605

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Dunnellon, Citrus County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34433	$433	$661	$1,418	$2,414	$3,465
34434	$498	$895	$1,724	$3,015	$4,017

Source: Ownwell

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Dates

Links
Citrus Property Appraiser
Website	www.citruspa.org