Indian River Shores, Indian River County, Florida Property Taxes
Median Indian River Shores, FL effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Indian River Shores, FL home value: $40,484
Median annual Indian River Shores, FL tax bill: $480, $1,920 lower than the national median property tax bill of $2,400.
How are property taxes in Indian River calculated?
Property taxes in Indian River Shores, 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 Indian River Shores’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Indian River Shores, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Indian River Shores, Indian River County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$482
$447
Property Tax Rates Across Indian River Shores, Indian River County, Florida
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Indian River Shores, located in Indian River County, FL, the effective property tax rate offers an interesting comparison to other cities within the state. The median property tax rate in Indian River Shores is 1.19%, aligning with the highest and lowest median tax rates within the area, as both are recorded at 1.19% in the 32963 zip code. This rate is notably higher than the national median property tax rate of 1.02%.
Comparing these figures highlights the variability of property tax rates not only within Florida but also in relation to the national average. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.
Property Tax Rates Across Indian River Shores, 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 Indian River Shores Tax Rate
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 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 Indian River Shores, Indian River County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32963 | 1.17% | 1.17% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Indian River Shores, Indian River County, Florida
When examining property taxes in Indian River Shores, 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.
In Indian River County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Indian River Shores. For example, the median home price in Indian River Shores is $40,484, with tax bills ranging significantly across the county. ZIP code 32963 has the highest median home price at $40,484.
Property Tax Assessment Values Across Indian River Shores, Indian River County, Florida
Source: Ownwell
$40,484
$351,278
$662,071
Median Indian River Shores Market Value
$40,484
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 Indian River Shores, Indian River County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32963 | $40,484 | $40,484 | $40,484 | $287,299 | $287,299 |
Source: Ownwell
Property Tax Bills Across Indian River Shores, Indian River County, Florida
In Indian River Shores, FL, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. Homeowners in Indian River Shores experience a median property tax bill of $480, significantly lower than the national median of $2,400. Despite this, some homeowners may face higher tax bills, with the 90th percentile reaching up to $3,367. These variations can impact homeowners' budgets, making it crucial to ensure that assessments are fair.
Ownwell offers property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This service not only aims to lower tax bills but also provides peace of mind, knowing that property taxes are aligned with the true value of the home.
Property Tax Bills Across Indian River Shores, Indian River County, Florida
Source: Ownwell
$480
$3,785
$7,089
Median Indian River Shores Tax Bill
$480
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 Indian River Shores, Indian River County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32963 | $480 | $480 | $480 | $2,208 | $3,367 |
Source: Ownwell
Don't miss the deadline to petition!
Dates |
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Links | |
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| Indian River Property Appraiser | |
| Website | qpublic.schneidercorp.com |