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Deer Island, Lake County, Florida Property Taxes

  • Median Deer Island, FL effective property tax rate: 1.15%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Deer Island, FL home value: $479,082

  • Median annual Deer Island, FL tax bill: $5,294, $2,894 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Deer Island, Lake County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$5,509

$5,113

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Deer Island, Lake County, Florida

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide essential 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, this is the annual process in a nutshell.

In Deer Island, located in Lake County, Florida, the property tax rate is 1.15%, which is above the national median of 1.02%. This rate is the same as the highest and lowest median tax rates in the state, indicating a consistency in property tax assessment within this region. With the national median property tax bill at $2400, residents of Deer Island may find their property tax bills higher than average, reflecting the higher tax rate. Comparatively, this rate is indicative of the region's approach to balancing budgetary needs with property values.

Property Tax Rates Across Deer Island, Lake County, Florida

Source: Ownwell

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0.67%

1.09%

1.51%

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 Deer Island Tax Rate

1.15%

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 Lake County Tax Rate

0.95%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Deer Island, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
327780.44%0.86%1.15%1.40%1.76%

Source: Ownwell

Property Tax Assessment Values Across Deer Island, Lake County, Florida

When examining property taxes in Deer Island, 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 Lake County appraisal district 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: Lake County sends assessment notices 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 Deer Island. For example, the median home price in Deer Island is $479,082, with tax bills ranging significantly across the county. 32778 has the highest median home price at $479,082.

Property Tax Assessment Values Across Deer Island, Lake County, Florida

Source: Ownwell

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$70,747

$809,779

$1,548,810

Median Deer Island Market Value

$479,082

Median Lake County Market Value

$277,646

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Deer Island, Lake County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32778$294,603$322,400$479,082$745,415$925,223

Source: Ownwell

Property Tax Bills Across Deer Island, Lake County, Florida

In Deer Island, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Lake County property appraiser. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as market conditions and property improvements can influence a home's assessed value. With a median home price of $479,082, Deer Island homeowners often face substantial property tax bills. The 25th percentile tax bill is $3,809, while the 75th percentile reaches $7,745, and the 90th percentile climbs to $9,693. This is significantly higher than the national median property tax bill of $2,400. Homeowners in Deer Island can benefit from appealing their property tax assessments to potentially lower their tax obligations. Ownwell assists homeowners by reviewing their property assessments, identifying discrepancies, and filing appeals on their behalf. By leveraging expertise in property tax laws and local market conditions, Ownwell can help homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Deer Island, Lake County, Florida

Source: Ownwell

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$809

$8,033

$15,257

Median Deer Island Tax Bill

$5,294

Median Lake County Tax Bill

$2,362

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Deer Island, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32778$2,196$3,809$5,294$7,745$9,693

Source: Ownwell

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