Floral City, Citrus County, Florida Property Taxes
Median Floral City, FL effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Floral City, FL home value: $159,770
Median annual Floral City, FL tax bill: $1,091, $1,309 lower than the national median property tax bill of $2,400.
How are property taxes in Citrus County calculated?
Property taxes in Floral City, 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 Floral City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Floral City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Floral City, Citrus County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,182
$1,097
Property Tax Rates Across Floral City, Citrus County, Florida
Local government entities set tax rates, which can vary widely within a state. Each 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.
Floral City in Citrus County, FL, offers a glimpse into the property tax landscape of the state. The effective property tax rate for Floral City stands at 0.74%, which is significantly lower than the national median of 1.02%. This positions Floral City as an attractive location for property owners seeking lower tax obligations. In comparison to other cities in Florida, Floral City's tax rate is consistent, offering stability and predictability for homeowners. With the national median property tax bill at $2400, homeowners in Floral City can expect to benefit from reduced tax bills, enhancing the appeal of residing in this area. By understanding these local nuances, property owners can make informed decisions about their investments.
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 Floral City Tax Rate
0.74%
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%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Floral City, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34436 | 0.31% | 0.42% | 0.74% | 1.35% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Floral City, Citrus County, Florida
When examining property taxes in Floral City, 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 Floral City.
For example, the median home price in Floral City is $159,770, with tax bills ranging significantly across the county. Zip code 34436 has the highest median home price at $159,770.
Property Tax Assessment Values Across Floral City, Citrus County, Florida
Source: Ownwell
$103,780
$172,238
$240,696
Median Floral City Market Value
$159,770
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 Floral City, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34436 | $60,302 | $93,852 | $159,770 | $232,476 | $321,121 |
Source: Ownwell
Property Tax Bills Across Floral City, Citrus County, Florida
In Floral City, located in Citrus County, FL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in this area is $159,770. Local tax authorities apply a specific tax rate to this assessed value to calculate the tax bill. For many homeowners in Floral City, the tax bill can vary significantly, with the 25th percentile paying around $613 and the 75th percentile paying up to $1,975. A small percentage, those in the 90th percentile, can see tax bills as high as $3,119. This variation can impact homeowners' finances, potentially making it challenging to manage their budgets.
Ownwell offers expertise in property tax appeals and exemptions, providing homeowners with an opportunity to reduce their tax burden. By analyzing individual property assessments and identifying discrepancies, Ownwell can help homeowners in Floral City potentially lower their property tax bills, ensuring they only pay what is fair and accurate.
Median Floral City Tax Bill
$1,091
Median Citrus County Tax Bill
$1,605
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Floral City, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34436 | $332 | $613 | $1,091 | $1,975 | $3,119 |
Source: Ownwell
Don't miss the deadline to petition!
Dates |
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Links | |
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| Citrus Property Appraiser | |
| Website | www.citruspa.org |