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Fort Mc Coy, Lake County, Florida Property Taxes

  • Median Fort Mc Coy, FL effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Fort Mc Coy, FL home value: $309,975

  • Median annual Fort Mc Coy, FL tax bill: $3,869, $1,469 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Fort Mc Coy, Lake County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$3,999

$3,711

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Fort Mc Coy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Mc Coy with just two data points. By entering your property's estimated assessed value, our calculator applies Fort Mc Coy’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 Fort Mc Coy, Lake County, Florida

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide 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, in a nutshell, this is the annual process. Below, you can compare Fort Mc Coy’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

In Fort Mc Coy, located in Lake County, the median property tax rate is 1.29%, which is higher than the national median of 1.02%. This rate is consistent across the zip code 32134, making it the highest and lowest median tax rate in the area. Compared to the national median property tax bill of $2400, residents in this area might find themselves paying more due to the higher tax rate. Understanding these differences can help property owners in Fort Mc Coy make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Fort Mc Coy, 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 Fort Mc Coy Tax Rate

1.29%

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 Fort Mc Coy, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
321340.86%1.13%1.29%1.51%1.62%

Source: Ownwell

Property Tax Assessment Values Across Fort Mc Coy, Lake County, Florida

When examining property taxes in Fort Mc Coy, 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 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 Lake County, assessment notices are sent 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 Fort Mc Coy.

For example, the median home price in Fort Mc Coy is $309,975, with tax bills ranging significantly across the county. The zip code 32134 has the highest median home price at $309,975.

Property Tax Assessment Values Across Fort Mc Coy, Lake County, Florida

Source: Ownwell

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$70,747

$809,779

$1,548,810

Median Fort Mc Coy Market Value

$309,975

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 Fort Mc Coy, Lake County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32134$198,300$240,166$309,975$366,366$449,187

Source: Ownwell

Property Tax Bills Across Fort Mc Coy, Lake County, Florida

In Fort Mc Coy, located in Lake County, FL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Fort Mc Coy face a median property tax bill of $3,869, which is significantly higher than the national median of $2,400. This difference highlights the impact of local tax rates and property values on tax bills. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners in Fort Mc Coy potentially lower their tax bills. This service not only provides financial relief but also ensures that homeowners are paying a fair amount based on their property's true value.

Property Tax Bills Across Fort Mc Coy, Lake County, Florida

Source: Ownwell

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$809

$8,033

$15,257

Median Fort Mc Coy Tax Bill

$3,869

Median Lake County Tax Bill

$2,362

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Mc Coy, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32134$2,411$3,043$3,869$4,327$5,370

Source: Ownwell

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