Leesburg, Franklin County, Florida Property Taxes
Median Leesburg, FL effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%. Median Leesburg, FL home value: $569,675. Median annual Leesburg, FL tax bill: $4,880, $2,480 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Leesburg, 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 Leesburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leesburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leesburg, Franklin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$4,899
$4,546
Property Tax Rates Across Leesburg, Franklin County, Florida
Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. Annually, each county, such as 12037 in Florida, determines its required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
Leesburg's effective property tax rate can be compared to other cities in Florida and the national median. Florida's median property tax rate stands at 0.86%, which is below the national median of 1.02%. This means that homeowners in Leesburg and throughout Florida generally enjoy lower property tax rates compared to the national average. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By appealing or seeking exemptions, property owners can potentially reduce their tax burden, making it essential to stay informed about local tax trends and opportunities.
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 Leesburg Tax Rate
0.86%
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 Franklin County Tax Rate
0.87%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leesburg, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Leesburg, Franklin County, Florida
When examining property taxes in Leesburg, Florida, 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 Franklin County Property Appraiser's Office 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 Franklin 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 Leesburg. For example, the median home price in Leesburg is $569,675, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Leesburg, Franklin County, Florida
Source: Ownwell
$61,845
$308,836
$555,827
Median Leesburg Market Value
$569,675
Median Franklin County Market Value
$239,550
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leesburg, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Leesburg, Franklin County, Florida
In Leesburg, located in Franklin County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. With the median home price at $569,675, homeowners can expect their property taxes to be a significant expense. The tax bill for many residents, including those at the 25th, 75th, and 90th percentiles, is around $4,880, which is considerably higher than the national median property tax bill of $2,400. This difference can be attributed to the local tax rate and the assessed value of properties in the area.
For homeowners, these taxes represent a substantial financial obligation. However, there is potential for savings. Ownwell specializes in property tax appeal and exemption services, offering homeowners a chance to reduce their tax burden. By analyzing local property assessments and market trends, Ownwell can identify opportunities for appealing excessive valuations, thereby lowering tax bills. This assistance can lead to significant savings, helping homeowners manage their expenses more effectively.
Median Leesburg Tax Bill
$4,880
Median Franklin County Tax Bill
$2,090
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Leesburg, Franklin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell