Lecanto, Citrus County, Florida Property Taxes
Median Lecanto, FL effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Lecanto, FL home value: $237,212
Median annual Lecanto, FL tax bill: $1,817, $583 lower than the national median property tax bill of $2,400.
How are property taxes in Citrus County calculated?
Property taxes in Lecanto, 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 Lecanto’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lecanto, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lecanto, Citrus County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,874
$1,739
Property Tax Rates Across Lecanto, Citrus County, Florida
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its budget requirements to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Lecanto, located in Citrus County, Florida, the effective property tax rate is 0.79%. This rate is notably lower than the national median property tax rate of 1.02%, making it an attractive option for property owners. Compared to other cities in Florida, Lecanto's rate is competitive, offering potential savings for residents. The median property tax rate in Florida tends to be lower than the national average, which can be a significant advantage for those looking to invest in real estate in the state. By understanding these rates, property owners can make informed decisions about their investments and potential savings.
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 Lecanto Tax Rate
0.79%
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 Lecanto, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34461 | 0.38% | 0.53% | 0.79% | 1.32% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Lecanto, Citrus County, Florida
When examining property taxes in Lecanto, 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 Lecanto. For example, the median home price in Lecanto is $237,212, with tax bills ranging significantly across the county. Zip code 34461 has the highest median home price at $237,212.
Property Tax Assessment Values Across Lecanto, Citrus County, Florida
Source: Ownwell
$103,780
$172,238
$240,696
Median Lecanto Market Value
$237,212
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 Lecanto, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34461 | $94,839 | $165,402 | $237,212 | $301,141 | $407,387 |
Source: Ownwell
Property Tax Bills Across Lecanto, Citrus County, Florida
Median Lecanto Tax Bill
$1,817
Median Citrus County Tax Bill
$1,605
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Lecanto, Citrus County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34461 | $554 | $1,028 | $1,817 | $2,995 | $4,260 |
Source: Ownwell
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Dates |
|---|
Links | |
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| Citrus Property Appraiser | |
| Website | www.citruspa.org |