Okeechobee, Highlands County, Florida Property Taxes

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

Median Okeechobee, FL effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Okeechobee, FL home value: $43,180
Median annual Okeechobee, FL tax bill: $674, $1,726 lower than the national median property tax bill of $2,400.

How are property taxes in Highlands County 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, Highlands County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.85%

Estimate Property Tax Bill

$799

$741

Ownwell’s Okeechobee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Okeechobee with just two data points. By entering your property's estimated assessed value, our calculator applies Okeechobee’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 Okeechobee, Highlands County, Florida

Local government entities set tax rates, which can vary widely within a state. 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 Okeechobee County, Florida, the effective property tax rate is a significant consideration for homeowners. This city's rate stands at 1.85%, which is notably higher than the national median property tax rate of 1.02%. When compared to the U.S. median property tax bill of $2400, homeowners in Okeechobee might find themselves paying a higher amount due to the elevated tax rate. This rate is consistent across the county, as seen in the zip code 34974, which shares the same tax rate. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively. Comparing Okeechobee’s tax rate to other cities in Florida and the national average provides valuable insight into the local tax landscape.

Property Tax Rates Across Okeechobee, 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 Okeechobee Tax Rate

1.85%

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 Okeechobee, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34974	0.75%	1.05%	1.85%	2.23%	2.46%

Source: Ownwell

Property Tax Assessment Values Across Okeechobee, Highlands 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 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.

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 Okeechobee.

For example, the median home price in Okeechobee is $43,180, with tax bills ranging significantly across the county. Zip code 34974 has the highest median home price at $43,180.

Property Tax Assessment Values Across Okeechobee, Highlands County, Florida

Source: Ownwell

$43,180

$114,837

$186,494

Median Okeechobee Market Value

$43,180

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 Okeechobee, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34974	$22,815	$28,768	$43,180	$69,863	$94,132

Source: Ownwell

Property Tax Bills Across Okeechobee, Highlands County, Florida

In Okeechobee, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. Factors such as the property's location, size, and market conditions influence this assessment. With a median home price of $43,180, the property tax bills vary significantly, ranging from $530 at the 25th percentile to $1,281 at the 90th percentile. The median tax bill stands at $674, which is considerably lower than the national median property tax bill of $2,400. This lower tax burden can be a relief for homeowners in Okeechobee. However, understanding and navigating the property tax system can be complex. This is where Ownwell can assist homeowners by providing professional property tax appeal and exemption services. By leveraging their expertise, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars each year. With Ownwell's support, homeowners can achieve a fair tax assessment and enjoy peace of mind.

Property Tax Bills Across Okeechobee, Highlands County, Florida

Source: Ownwell

$674

$1,173

$1,672

Median Okeechobee Tax Bill

$674

Median Highlands County Tax Bill

$1,345

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Okeechobee, Highlands County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34974	$356	$530	$674	$875	$1,281

Source: Ownwell