Okeechobee, Glades County, Florida Property Taxes
Median Okeechobee, FL effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Okeechobee, FL home value: $105,197
Median annual Okeechobee, FL tax bill: $1,226, $1,174 lower than the national median property tax bill of $2,400.
How are property taxes in Glades calculated?
Property taxes in Okeechobee, 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 Okeechobee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Okeechobee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Okeechobee, Glades County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$1,567
$1,455
Property Tax Rates Across Okeechobee, Glades County, Florida
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, 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.
In Okeechobee, located in Glades County, Florida, the effective property tax rate stands at 1.49%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Okeechobee's rate to the median property tax rates in Florida, it becomes clear that Okeechobee's rate is consistent with the highest rates within the state. Despite this, residents benefit from the services funded by these taxes, which contribute to the community's overall well-being. Understanding these rates can be crucial for homeowners in planning their finances and considering property 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 Okeechobee Tax Rate
1.49%
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 Glades County Tax Rate
1.37%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Okeechobee, Glades County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34974 | 0.44% | 0.66% | 1.49% | 1.66% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Okeechobee, Glades County, Florida
When examining property taxes in Okeechobee, 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 Glades County Appraisal District 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.
Assessment notices:
In Glades 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 Okeechobee.
For example, the median home price in Okeechobee is $105,197, with tax bills ranging significantly across the county. 34974 has the highest median home price at $105,197.
Property Tax Assessment Values Across Okeechobee, Glades County, Florida
Source: Ownwell
$78,725
$116,895
$155,064
Median Okeechobee Market Value
$105,197
Median Glades County Market Value
$102,566
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Okeechobee, Glades County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34974 | $57,813 | $76,726 | $105,197 | $148,451 | $207,267 |
Source: Ownwell
Property Tax Bills Across Okeechobee, Glades County, Florida
In Okeechobee, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Okeechobee is $105,197, significantly lower than the national median. Homeowners in Okeechobee can expect a median property tax bill of $1,226, which is below the national median property tax bill of $2,400. Factors such as location, property size, and improvements can influence the assessed value and subsequently, the tax bill. The property tax rate is determined by local government budgets and the revenue required to fund public services.
Homeowners may face financial challenges due to these tax obligations, especially if property values increase. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Okeechobee in potentially lowering their tax bills, ensuring they pay only their fair share. This service can be particularly beneficial for those in the higher tax brackets, such as the 90th percentile, where tax bills can reach $2,618.
Median Okeechobee Tax Bill
$1,226
Median Glades County Tax Bill
$1,098
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Okeechobee, Glades County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34974 | $402 | $682 | $1,226 | $1,873 | $2,618 |
Source: Ownwell