Bowling Green, Florida Property Taxes
The median property tax rate in Bowling Green, FL is 1.14%, matching the state median but significantly higher than the national median of 0.99%. With a median home value of $112,179, the typical annual property tax bill in Bowling Green stands at $1,376, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Bowling Green's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Bowling Green or another part of Hardee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bowling Green, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,279
$1,187
Ownwell’s Bowling Green Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowling Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowling Green to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bowling Green, Florida
Property taxes in Bowling Green, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowling Green is 1.14%, higher than the U.S. national median of 0.99%. Local government entities within Bowling Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowling Green estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bowling Green's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 33834 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these figures compare with Bowling Green provides valuable insights into the varying tax landscape across Hardee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowling Green Tax Rate
1.14%
Average Hardee County Tax Rate
1.01%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowling Green, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33834 | 0.47% | 0.66% | 1.14% | 1.89% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Bowling Green, Florida
In Bowling Green, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hardee County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bowling Green, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Bowling Green is $112,179, with tax bills ranging from $748 at the 25th percentile to $2,989 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowling Green Assessed Value
$112,179
Average Hardee County Assessed Value
$123,998
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowling Green, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33834 | $57,168 | $79,096 | $112,179 | $165,830 | $254,427 |
Source: Ownwell
Property Tax Bills Across Bowling Green, Florida
In Bowling Green, Hardee County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Bowling Green is $112,179. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $748 and the 75th percentile tax bill at $2,112. The 90th percentile tax bill reaches up to $2,989. These figures illustrate how property taxes can vary widely depending on the property's assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Bowling Green offers a range of tax bills that can be more or less burdensome depending on individual circumstances. For instance, the highest median tax bill in the area is $1,376, which is relatively moderate. The assessed value, local tax rates, and any exemptions significantly impact the final tax bill, affecting homeowners' annual financial planning and overall cost of living.
Average Bowling Green Tax Bill
$1,376
Average Hardee County Tax Bill
$1,315
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowling Green, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33834 | $448 | $748 | $1,376 | $2,112 | $2,989 |
Source: Ownwell