Fellsmere, Indian River County, Florida Property Taxes

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

Median Fellsmere, FL effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Fellsmere, FL home value: $149,331
Median annual Fellsmere, FL tax bill: $1,276, $1,124 lower than the national median property tax bill of $2,400.

How are property taxes in Indian River calculated?

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

Last Updated March 1, 2025

Fellsmere, Indian River County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$1,210

$1,122

Ownwell’s Fellsmere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fellsmere with just two data points. By entering your property's estimated assessed value, our calculator applies Fellsmere’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 Indian River County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fellsmere, Indian River County, Florida

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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. Below, you can compare Fellsmere’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Fellsmere, Indian River County, Florida

Source: Ownwell

0.81%

1.00%

1.19%

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 Fellsmere Tax Rate

0.81%

Median Effective Indian River County Tax Rate

0.98%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fellsmere, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32948	0.36%	0.48%	0.81%	1.65%	1.85%

Source: Ownwell

Property Tax Assessment Values Across Fellsmere, Indian River County, Florida

When examining property taxes in Fellsmere, 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 Indian River 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 Indian River 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 Fellsmere.

For example, the median home price in Fellsmere is $149,331, with tax bills ranging significantly across the county. The zip code 32948 has the highest median home price at $149,331.

Property Tax Assessment Values Across Fellsmere, Indian River County, Florida

Source: Ownwell

$40,484

$351,278

$662,071

Median Fellsmere Market Value

$149,331

Median Indian River County Market Value

$256,710

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fellsmere, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32948	$53,475	$84,628	$149,331	$291,135	$406,229

Source: Ownwell

Property Tax Bills Across Fellsmere, Indian River County, Florida

In Fellsmere, located in Indian River County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Fellsmere experience a median property tax bill of $1,276, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $712 and the 90th percentile reaching $3,855. These variations can impact homeowners' financial planning and budgeting. Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing property data and market trends, Ownwell can identify potential discrepancies in assessments and help homeowners reduce their tax bills, ensuring they pay only their fair share and potentially saving them hundreds or thousands of dollars annually.

Property Tax Bills Across Fellsmere, Indian River County, Florida

Source: Ownwell

$480

$3,785

$7,089

Median Fellsmere Tax Bill

$1,276

Median Indian River County Tax Bill

$2,297

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Fellsmere, Indian River County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32948	$395	$712	$1,276	$2,464	$3,855

Source: Ownwell

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Dates

Links
Indian River Property Appraiser
Website	qpublic.schneidercorp.com