Sebring, Highlands County, Florida Property Taxes
The median property tax rate in Sebring, FL is 1.01%, slightly higher than the national median of 0.99% but lower than Florida's state median of 1.14%. With a median home value of $144,850 in Sebring, the typical annual property tax bill amounts to $1,409, which is below the national median of $2,690. Property taxes in Sebring are based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Sebring's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sebring or another part of the city, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sebring, Highlands County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,463
$1,358
Ownwell’s Sebring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebring 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 Sebring, Highlands County, Florida
Property taxes in Sebring, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebring is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Sebring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebring 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 Sebring's effective property tax rate to other areas in Highlands County and the national median. For comparison, the 33870 zip code has the highest median property tax rate of 1.21%, while the 33875 zip code has the lowest median tax rate of 0.87%. Understanding how these areas compare with Sebring provides valuable insights into the varying tax landscape across Highlands County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sebring Tax Rate
1.01%
Average Highlands County Tax Rate
1.01%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebring, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33870 | 0.55% | 0.70% | 1.21% | 1.84% | 2.23% |
| 33872 | 0.55% | 0.70% | 0.98% | 1.51% | 1.62% |
| 33875 | 0.50% | 0.62% | 0.87% | 1.35% | 1.55% |
| 33876 | 0.56% | 0.72% | 1.04% | 1.61% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Sebring, Highlands County, Florida
In Sebring, 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 Highlands 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 Sebring, 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. Sebring's median home price is $144,850, with tax bills ranging from $820 at the 25th percentile to $3,127 at the 90th percentile. The highest median tax bill is $1,672 in zip code 33875, while the lowest is $1,150 in zip code 33870. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sebring, Highlands County, Florida
Source: Ownwell
$43,180
$114,837
$186,494
Average Sebring Assessed Value
$144,850
Average Highlands County Assessed Value
$142,723
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sebring, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33870 | $35,711 | $66,750 | $114,742 | $159,094 | $217,566 |
| 33872 | $81,968 | $115,717 | $161,394 | $223,676 | $286,398 |
| 33875 | $101,257 | $139,642 | $186,494 | $247,429 | $320,942 |
| 33876 | $51,718 | $90,548 | $154,642 | $208,952 | $269,762 |
Source: Ownwell
Property Tax Bills Across Sebring, Highlands County, Florida
In Sebring, located in Highlands County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the home's worth in the current real estate market. Homeowners in Sebring can expect property tax bills that vary significantly depending on their property's assessed value and location within the city. For instance, the median home price in Sebring is $144,850. Property tax bills can range widely, with the 25th percentile at $820 and the 75th percentile at $2,199, indicating a substantial difference based on property valuation and applicable tax rates. The 90th percentile tax bill can reach up to $3,127, showcasing the variation in property taxes within the area. The highest median tax bill in Sebring is $1,672 in the 33875 zip code, while the lowest is $1,150 in the 33870 zip code. These figures illustrate how property taxes can impact homeowners differently depending on their specific location and property value in Sebring.
Average Sebring Tax Bill
$1,409
Average Highlands County Tax Bill
$1,345
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebring, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33870 | $434 | $719 | $1,150 | $1,892 | $2,774 |
| 33872 | $684 | $1,010 | $1,633 | $2,391 | $3,193 |
| 33875 | $688 | $1,019 | $1,672 | $2,477 | $3,525 |
| 33876 | $577 | $901 | $1,529 | $2,279 | $3,151 |
Source: Ownwell