Astatula, Florida Property Taxes
The median property tax rate in Astatula, FL is 1.02%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $162,002 in Astatula, the typical annual property tax bill is approximately $1,578, which is below the national median of $2,690. Property taxes in Astatula are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Astatula'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 Astatula 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
Astatula, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,652
$1,562
$1,148
Average Astatula, Florida Tax Savings
Ownwell’s Astatula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Astatula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Astatula to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Astatula. 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 Astatula, Florida
Property taxes in Astatula, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Astatula is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Astatula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Astatula 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 Astatula's effective property tax rate to other areas in the nation. For comparison, the zip code 34705 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Astatula provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Astatula Tax Rate
1.02%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Astatula, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34705 | 0.58% | 0.75% | 1.02% | 1.49% | 1.95% |
Source: Ownwell
$1,148
Average Astatula Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Astatula, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Astatula. 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 Lake 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 Astatula, 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. 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 Astatula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 34705 has the highest and lowest median tax bill of $1,578, which is above the national median property tax rate of 0.99%.
Average Astatula Assessed Value
$162,002
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 Astatula, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34705 | $76,427 | $106,028 | $162,002 | $264,354 | $343,100 |
Source: Ownwell
$1,148
Average Astatula Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Astatula, Florida
In Astatula, located in Lake County, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $162,002, homeowners can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,068, while at the 75th percentile, it reaches approximately $2,598. The highest median tax bill in the area stands at $1,578, notably in the 34705 zip code. Several factors influence your property tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, understanding these nuances is crucial for homeowners aiming to manage their expenses effectively. Ownwell can assist homeowners in Astatula by identifying potential errors in property assessments and uncovering eligible exemptions. By leveraging expert knowledge and local data, Ownwell helps clients appeal their property tax bills, potentially saving them hundreds or even thousands of dollars annually.
Average Astatula Tax Bill
$1,578
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Astatula, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34705 | $789 | $1,068 | $1,578 | $2,598 | $3,878 |
Source: Ownwell
$1,148
Average Astatula Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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