Lake Placid, Highlands County, Florida Property Taxes

Name: Property Tax Bills Across Lake Placid, Highlands County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Placid, FL effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Lake Placid, FL home value: $162,341
Median annual Lake Placid, FL tax bill: $1,529, $871 lower than the national median property tax bill of $2,400.

How are property taxes in Highlands County calculated?

Property taxes in Lake Placid, 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 Lake Placid’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Placid, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Placid, Highlands County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$1,640

$1,522

Ownwell’s Lake Placid Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Placid with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Placid’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Highlands County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Placid, Highlands County, Florida

Local government entities determine property tax rates, which can significantly differ within a state. This variation arises because each county annually estimates the budget needed for public services and divides it by the total value of taxable property in its area, resulting in the property tax rate. Although tax rates and budgets are subject to votes and legislation, this is the core of the annual process. In Lake Placid, located in Highlands County, the effective property tax rate aligns closely with the median rate in Florida, which is slightly below the national median of 1.02%. This comparison highlights the relatively uniform tax rate in Lake Placid compared to other cities in Florida. Nationally, property tax bills average $2,400, providing a benchmark for assessing local tax burdens. Understanding these rates can help property owners in Lake Placid make informed decisions about property tax appeals and exemptions. By comparing these rates to state and national medians, property owners can better assess their property tax obligations and explore potential savings opportunities.

Property Tax Rates Across Lake Placid, Highlands County, Florida

Source: Ownwell

0.87%

1.36%

1.85%

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 Lake Placid Tax Rate

1.01%

Median Effective Highlands County Tax Rate

1.01%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Placid, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
33852	0.52%	0.64%	1.01%	1.48%	1.67%

Source: Ownwell

Property Tax Assessment Values Across Lake Placid, Highlands County, Florida

When examining property taxes in Lake Placid, 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 Highlands 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.

Assessment notices: In Highlands 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 Lake Placid. For example, the median home price in Lake Placid is $162,341, with tax bills ranging significantly across the county. Zip code 33852 has the highest median home price at $162,341.

Property Tax Assessment Values Across Lake Placid, Highlands County, Florida

Source: Ownwell

$43,180

$114,837

$186,494

Median Lake Placid Market Value

$162,341

Median Highlands County Market Value

$142,723

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Placid, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
33852	$62,337	$109,583	$162,341	$242,951	$362,982

Source: Ownwell

Property Tax Bills Across Lake Placid, Highlands County, Florida

In Lake Placid, located in Highlands County, FL, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the local property appraiser. Factors such as location, property size, and improvements can influence the assessed value. Homeowners in Lake Placid face a median property tax bill of $1,529, which is lower than the national median of $2,400. However, the tax bill can vary significantly, with the 25th percentile at $850 and the 90th percentile reaching $3,956. These fluctuations can impact homeowners' budgets, making it essential to ensure their property is accurately assessed. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their tax burden. By analyzing local market conditions and comparable properties, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share in property taxes.

Property Tax Bills Across Lake Placid, Highlands County, Florida

Source: Ownwell

$674

$1,173

$1,672

Median Lake Placid Tax Bill

$1,529

Median Highlands County Tax Bill

$1,345

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Placid, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
33852	$568	$850	$1,529	$2,504	$3,956

Source: Ownwell