Ferndale, Florida Property Taxes
The median property tax rate in Ferndale, FL is 0.84%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Ferndale at $317,779, the typical annual property tax bill is $2,412, falling below the national median of $2,690. Property taxes in Ferndale are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ferndale'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 Ferndale or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ferndale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,669
$2,524
$1,148
Average Ferndale, Florida Tax Savings
Ownwell’s Ferndale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ferndale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ferndale 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 Ferndale. 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 Ferndale, Florida
Property taxes in Ferndale, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ferndale is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Ferndale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ferndale 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 Ferndale's effective property tax rate to other areas in Lake County and the national median. For comparison, the zip code 34729 has both the highest and lowest median property tax rate in the county at 0.84%. Understanding how these areas compare with Ferndale 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 Ferndale Tax Rate
0.84%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ferndale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34729 | 0.52% | 0.58% | 0.84% | 0.93% | 0.97% |
Source: Ownwell
$1,148
Average Ferndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ferndale, Florida
In Ferndale, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Ferndale, 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 Ferndale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 34729, with a median tax bill of $2,412, which is significantly higher than the national median property tax rate of 0.99%.
Average Ferndale Assessed Value
$317,779
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 Ferndale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34729 | $159,448 | $204,563 | $317,779 | $425,572 | $516,989 |
Source: Ownwell
$1,148
Average Ferndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ferndale, Florida
In Ferndale, Lake County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. With a median home price of $317,779, homeowners in Ferndale can expect to pay varying amounts depending on their property's assessed value. For example, the 25th percentile tax bill is $1,565, while the 75th percentile reaches $3,668, and the 90th percentile climbs to $4,491. These figures highlight the significant impact property taxes can have on household budgets. Ownwell can help homeowners in Ferndale save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to market conditions, Ownwell identifies opportunities for reducing your tax burden. This professional assistance ensures that you are not overpaying and helps you navigate the complex property tax system effectively, potentially saving you hundreds or even thousands of dollars annually.
Average Ferndale Tax Bill
$2,412
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ferndale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34729 | $896 | $1,565 | $2,412 | $3,668 | $4,491 |
Source: Ownwell
$1,148
Average Ferndale 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.