Lake County Property Taxes
The median property tax rate in Lake County is 0.95%, which is slightly lower than the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Lake County at $277,646, the typical annual property tax bill reaches $2,362, which is below the national median of $2,690. Property taxes in Lake County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lake County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Clermont or another part of Lake County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,638
$2,448
$1,148
Average Tax Savings
Ownwell’s Lake County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lake County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lake County to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Lake County. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lake County, Florida
Property taxes in Lake County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lake County is 0.95%, which is lower than the U.S. national median of 0.99%. Local government entities within Lake County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lake County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lake County's effective property tax rate with other counties in Florida and the national median. For comparison, the city of The Villages has one of the higher property tax rates in Florida at 1.50%, while the city of Winter Garden boasts one of the lowest at 0.67%. Analyzing how Lake County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | 0.79% | 0.97% | 1.21% | 1.84% | 2.44% |
| Astatula | 0.58% | 0.75% | 1.02% | 1.49% | 1.95% |
| Astor | 0.67% | 0.85% | 1.18% | 1.43% | 1.82% |
| Bella Collina | 0.38% | 0.79% | 1.14% | 1.44% | 1.56% |
| Clermont | 0.45% | 0.64% | 0.89% | 1.17% | 1.42% |
| Deer Island | 0.44% | 0.86% | 1.15% | 1.40% | 1.76% |
| Deland | 0.60% | 0.79% | 1.04% | 1.58% | 2.21% |
| Eustis | 0.42% | 0.63% | 0.93% | 1.36% | 1.64% |
| Ferndale | 0.52% | 0.58% | 0.84% | 0.93% | 0.97% |
| Fort Mc Coy | 0.86% | 1.13% | 1.29% | 1.51% | 1.62% |
| Fruitland Park | 0.50% | 0.71% | 0.98% | 1.35% | 1.80% |
| Grand Island | 0.48% | 0.61% | 0.87% | 1.19% | 1.36% |
| Groveland | 0.43% | 0.66% | 0.99% | 1.29% | 1.53% |
| Howey In The Hills | 0.35% | 0.70% | 1.01% | 1.39% | 1.79% |
| Lady Lake | 0.54% | 0.71% | 0.96% | 1.42% | 1.56% |
| Leesburg | 0.47% | 0.66% | 0.91% | 1.35% | 1.65% |
| Mascotte | 0.44% | 0.62% | 1.11% | 1.54% | 1.77% |
| Minneola | 0.37% | 0.53% | 0.92% | 1.30% | 1.52% |
| Montverde | 0.48% | 0.64% | 0.84% | 1.16% | 1.28% |
| Mount Dora | 0.49% | 0.71% | 1.04% | 1.36% | 1.64% |
| Oakland | 0.62% | 0.66% | 0.80% | 0.95% | 1.25% |
| Okahumpka | 0.47% | 0.78% | 1.02% | 1.37% | 1.80% |
| Paisley | 0.70% | 0.88% | 1.11% | 1.72% | 2.20% |
| Sorrento | 0.56% | 0.71% | 0.95% | 1.30% | 1.51% |
| Tavares | 0.37% | 0.63% | 0.98% | 1.43% | 1.67% |
| The Villages | 1.05% | 1.29% | 1.50% | 1.71% | 2.01% |
| Umatilla | 0.48% | 0.64% | 0.88% | 1.25% | 1.61% |
| Weirsdale | 0.42% | 0.61% | 0.78% | 1.05% | 1.19% |
| Winter Garden | 0.19% | 0.25% | 0.67% | 0.95% | 1.12% |
| Yalaha | 0.57% | 0.67% | 0.92% | 1.26% | 1.44% |
Source: Ownwell
$1,148
Average Lake County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lake County, Florida
In Lake County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lake County Appraisal District. The assessed value, however, 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. Assessment notices in Lake County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lake County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is found in Bella Collina at $15,257, while Paisley has the lowest at $898.
Average Lake County Assessed Value
$277,646
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | $29,357 | $40,690 | $70,747 | $158,306 | $293,800 |
| Astatula | $76,427 | $106,028 | $162,002 | $264,354 | $343,100 |
| Astor | $47,750 | $72,687 | $126,183 | $198,184 | $273,164 |
| Bella Collina | $739,841 | $843,003 | $1,548,810 | $2,418,462 | $3,036,701 |
| Clermont | $244,932 | $290,977 | $338,167 | $403,504 | $485,662 |
| Deer Island | $294,603 | $322,400 | $479,082 | $745,415 | $925,223 |
| Deland | $36,036 | $50,624 | $91,442 | $167,010 | $289,047 |
| Eustis | $102,650 | $165,436 | $243,340 | $327,976 | $429,688 |
| Ferndale | $159,448 | $204,563 | $317,779 | $425,572 | $516,989 |
| Fort Mc Coy | $198,300 | $240,166 | $309,975 | $366,366 | $449,187 |
| Fruitland Park | $57,046 | $118,978 | $200,022 | $273,014 | $355,638 |
| Grand Island | $179,358 | $232,346 | $261,457 | $295,806 | $339,437 |
| Groveland | $188,863 | $268,243 | $305,568 | $357,414 | $434,809 |
| Howey In The Hills | $189,404 | $246,312 | $317,634 | $404,800 | $526,595 |
| Lady Lake | $129,922 | $163,352 | $213,354 | $286,769 | $389,804 |
| Leesburg | $64,989 | $122,396 | $210,353 | $277,213 | $331,719 |
| Mascotte | $124,989 | $198,140 | $252,025 | $287,110 | $323,262 |
| Minneola | $196,740 | $272,766 | $323,923 | $398,706 | $475,379 |
| Montverde | $112,062 | $201,829 | $364,867 | $516,456 | $657,370 |
| Mount Dora | $143,343 | $217,645 | $291,394 | $375,412 | $487,209 |
| Oakland | $237,405 | $271,621 | $310,775 | $786,264 | $857,917 |
| Okahumpka | $69,314 | $164,672 | $301,289 | $346,194 | $440,911 |
| Paisley | $33,820 | $47,452 | $78,224 | $127,994 | $184,411 |
| Sorrento | $153,180 | $217,419 | $291,418 | $401,183 | $589,710 |
| Tavares | $101,448 | $145,612 | $227,324 | $284,100 | $355,932 |
| The Villages | $312,863 | $346,660 | $420,241 | $518,376 | $787,078 |
| Umatilla | $95,206 | $143,900 | $204,420 | $287,410 | $410,468 |
| Weirsdale | $219,602 | $273,230 | $390,740 | $503,619 | $581,872 |
| Winter Garden | $290,658 | $464,451 | $573,316 | $761,767 | $908,064 |
| Yalaha | $166,595 | $221,945 | $264,166 | $362,255 | $493,566 |
Source: Ownwell
$1,148
Average Lake County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lake County, Florida
In Lake County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $277,646, the tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,315, while those in the 75th percentile face bills of about $3,684. For the top 10%, tax bills can soar to $5,032. Factors such as property location, market conditions, and any applicable exemptions play crucial roles in determining the final tax amount. For example, Bella Collina has the highest median tax bill at $15,257, whereas Paisley enjoys the lowest at $898. Ownwell can help homeowners in Lake County potentially lower their property tax bills through professional appeal and exemption services. By thoroughly analyzing property assessments and identifying discrepancies or overlooked exemptions, Ownwell ensures homeowners are not overpaying. This expert guidance can lead to significant savings, making property ownership more affordable and manageable.
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | $420 | $627 | $902 | $1,634 | $3,185 |
| Astatula | $789 | $1,068 | $1,578 | $2,598 | $3,878 |
| Astor | $544 | $800 | $1,280 | $2,180 | $3,085 |
| Bella Collina | $3,636 | $11,216 | $15,257 | $24,908 | $32,216 |
| Clermont | $1,132 | $1,998 | $3,038 | $4,113 | $5,189 |
| Deer Island | $2,196 | $3,809 | $5,294 | $7,745 | $9,693 |
| Deland | $460 | $689 | $947 | $1,443 | $2,458 |
| Eustis | $646 | $1,209 | $2,173 | $3,406 | $4,785 |
| Ferndale | $896 | $1,565 | $2,412 | $3,668 | $4,491 |
| Fort Mc Coy | $2,411 | $3,043 | $3,869 | $4,327 | $5,370 |
| Fruitland Park | $623 | $966 | $1,707 | $2,655 | $3,760 |
| Grand Island | $997 | $1,521 | $2,233 | $3,071 | $3,788 |
| Groveland | $885 | $1,786 | $2,997 | $4,192 | $5,210 |
| Howey In The Hills | $934 | $1,843 | $3,264 | $4,569 | $6,212 |
| Lady Lake | $836 | $1,316 | $2,173 | $3,119 | $4,172 |
| Leesburg | $579 | $927 | $1,663 | $2,593 | $3,664 |
| Mascotte | $894 | $1,138 | $2,329 | $3,416 | $4,390 |
| Minneola | $1,005 | $1,518 | $2,854 | $4,227 | $5,038 |
| Montverde | $774 | $1,360 | $3,058 | $4,659 | $6,329 |
| Mount Dora | $884 | $1,711 | $2,879 | $4,287 | $5,922 |
| Oakland | $1,682 | $2,127 | $3,275 | $4,990 | $5,751 |
| Okahumpka | $554 | $841 | $1,508 | $3,119 | $5,210 |
| Paisley | $422 | $639 | $898 | $1,324 | $1,921 |
| Sorrento | $1,061 | $1,740 | $2,897 | $4,150 | $5,798 |
| Tavares | $545 | $1,103 | $2,081 | $3,207 | $4,331 |
| The Villages | $3,218 | $5,251 | $6,658 | $8,389 | $10,907 |
| Umatilla | $730 | $1,065 | $1,769 | $2,754 | $4,015 |
| Weirsdale | $989 | $1,952 | $2,987 | $4,486 | $5,904 |
| Winter Garden | $1,186 | $1,262 | $3,569 | $5,696 | $8,203 |
| Yalaha | $1,044 | $1,601 | $2,484 | $3,704 | $5,426 |
Source: Ownwell
$1,148
Average Lake County Tax Savings
Save on your property taxes & more with Ownwell.
Want to lower your Lake County property taxes?
Looking to reduce your Lake County property taxes? Ownwell is the leading property tax protest company serving Lake County. We specialize in helping property owners in the Clermont area and beyond lower their taxes by working directly with the Lake County Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Lake County property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Lake County property tax expenses through our proven strategies and expert advocacy.
Property Tax Petitions in Florida
In Lake County, FL, homeowners who believe their property tax assessments are inaccurate have the right to appeal. The process begins with a thorough review of the property assessment notice sent by the county. If discrepancies are found, homeowners can file a formal appeal with the Value Adjustment Board (VAB) within a specified period. The appeal process involves gathering evidence to support the claim that the assessed value is incorrect. This evidence can include recent sales data of comparable properties, an independent appraisal, or any documentation that highlights errors in the assessment. Once the appeal is filed, a hearing date is scheduled, where the homeowner or their representative presents their case to the VAB. During the hearing, the board reviews the evidence and listens to arguments from both the homeowner and the county assessor's office. The VAB then makes a decision, which can result in the assessment being lowered, maintained, or, in rare cases, increased. The outcome of the appeal can significantly impact the homeowner's property tax bill. Ownwell can assist homeowners throughout this entire process. Our team of property tax consultants provides expert guidance, from the initial assessment review to the preparation and presentation of evidence at the VAB hearing. We leverage our extensive knowledge of local property tax laws and market conditions to build a strong case for a reduced assessment. By partnering with Ownwell, homeowners can ensure they have the best chance of achieving a favorable outcome in their property tax appeal.
Exemptions in Florida
Lake County offers several property tax exemption programs designed to provide financial relief to eligible homeowners. The most common exemption is the Homestead Exemption, which is available to homeowners who use the property as their primary residence. This exemption can significantly reduce the assessed value of the home, thereby lowering the property tax bill. To qualify, homeowners must occupy the property as their permanent residence as of January 1st of the tax year in question. In addition to the Homestead Exemption, Lake County also provides exemptions for seniors, veterans, and disabled individuals. Seniors aged 65 or older with limited income can benefit from an additional Senior Exemption, which further reduces their property tax burden. Veterans with a service-related disability, as well as the surviving spouses of veterans, may also qualify for specific exemptions that offer substantial tax relief. Disabled individuals can apply for exemptions tailored to their specific circumstances, ensuring they receive the support they need. Applying for these exemptions typically involves submitting an application to the Lake County Property Appraiser’s Office along with the required documentation to prove eligibility. This can include proof of age, income, disability status, or veteran status. Ownwell helps homeowners navigate the application process efficiently, ensuring all paperwork is correctly completed and submitted on time. By leveraging Ownwell’s expertise, homeowners can maximize their property tax savings and take full advantage of the exemptions available to them.
Available Exemptions
Senior
Disabled
Home Stead
Veteran
Solar/Wind
Non-Profit
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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