Venus, Highlands County, Florida Property Taxes
The median property tax rate in Venus, FL is 1.27%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Venus at $128,991, the typical annual property tax bill reaches $1,232, which is below the national median of $2,690. Property taxes in Venus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Venus'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 Venus or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Venus, Highlands County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,638
$1,520
Ownwell’s Venus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Venus with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Venus to provide an accurate estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities, making financial planning easier. For those curious about neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Venus, Highlands County, Florida
Property taxes in Venus, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venus is 1.27%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Venus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venus 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 Venus's effective property tax rate to other counties in Florida and the national median. For comparison, the 33960 zip code has the highest median property tax rate of 1.27%, while the 33960 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Venus 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 Venus Tax Rate
1.27%
Average Highlands County Tax Rate
1.01%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Venus, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33960 | 0.46% | 0.59% | 1.27% | 1.49% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Venus, Highlands County, Florida
In Venus, 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 Appraisal District 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 Venus, 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. The median home price in Venus is $128,991, with tax bills ranging from $709 at the 25th percentile to $3,075 at the 90th percentile. The zip code 33960 has both the highest and lowest median tax bill at $1,232. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Venus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Venus, Highlands County, Florida
Source: Ownwell
$43,180
$114,837
$186,494
Average Venus Assessed Value
$128,991
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 Venus, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33960 | $48,487 | $84,736 | $128,991 | $211,220 | $298,541 |
Source: Ownwell
Property Tax Bills Across Venus, Highlands County, Florida
In Venus, property tax bills are calculated based on the assessed value of a home, which is determined by the Highlands County property appraiser. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Venus can expect a wide range in their property tax bills, with the 25th percentile paying around $709 and the 75th percentile seeing bills as high as $2042. For those in the 90th percentile, tax bills can reach up to $3075. Several factors influence these tax bills, including the market value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Venus can vary significantly based on these variables. This variability in property tax bills can impact homeowners' financial planning, making it crucial for them to understand how their specific tax rate is applied and what exemptions might be available to reduce their overall tax burden.
Average Venus Tax Bill
$1,232
Average Highlands County Tax Bill
$1,345
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Venus, Highlands County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33960 | $393 | $709 | $1,232 | $2,042 | $3,075 |
Source: Ownwell