Howey In The Hills, Lake County, Florida Property Taxes

Ownwell’s Howey in the Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howey in the Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howey in the Hills 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 Howey in the Hills. 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 Assessment Values Across Howey In The Hills, Lake County, Florida

In Howey in the Hills, 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 Howey in the Hills, 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 Howey in the Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $317,634, with tax bills ranging from $1,843 at the 25th percentile to $6,212 at the 90th percentile. The highest and lowest median tax bills are both $3,264, found in the 34737 zip code.

Property Tax Assessment Values Across Howey In The Hills, Lake County, Florida

Source: Ownwell

$70,747

$809,779

$1,548,810

Average Howey In The Hills Assessed Value

$317,634

Average Lake County Assessed Value

$277,646

Average Florida Assessed Value

$276,648

Average United States Assessed Value

$244,900