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Howey In The Hills, Lake County, Florida Property Taxes

  • Median Howey In The Hills, FL effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Howey In The Hills, FL home value: $317,634

  • Median annual Howey In The Hills, FL tax bill: $3,264, $864 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Howey In The Hills, Lake County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$3,208

$2,977

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is essentially the annual procedure.

In Howey in the Hills, located in Lake County, Florida, the effective property tax rate is 1.01%, aligning closely with the state median rate. This rate is slightly below the national median property tax rate of 1.02%. This means property owners in Howey in the Hills pay a comparable amount in property taxes relative to other regions within the state, and slightly less compared to the national average. Understanding these rates can help property owners make informed decisions and potentially save on property taxes through appeals or exemptions.

Property Tax Rates Across Howey In The Hills, 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 Howey In The Hills Tax Rate

1.01%

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 Howey In The Hills, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
347370.35%0.70%1.01%1.39%1.79%

Source: Ownwell

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

When examining property taxes in Howey in the Hills, 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 May. 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 Howey in the Hills. For example, the median home price in Howey in the Hills is $317,634, with tax bills ranging significantly across the county. Zip code 34737 has the highest median home price at $317,634.

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

Source: Ownwell

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$70,747

$809,779

$1,548,810

Median Howey In The Hills Market Value

$317,634

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 Howey In The Hills, Lake County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
34737$189,404$246,312$317,634$404,800$526,595

Source: Ownwell

Property Tax Bills Across Howey In The Hills, Lake County, Florida

In Howey in the Hills, located in Lake County, FL, property tax bills are calculated based on the assessed value of a home, multiplied by the local tax rate. The assessed value is determined by the county property appraiser, taking into account factors such as market value, property improvements, and exemptions. Homeowners in Howey in the Hills face a median property tax bill of $3,264, which is notably higher than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,843 and the 90th percentile reaching $6,212. This disparity highlights the potential financial burden on homeowners, especially those with higher-valued properties. Ownwell can assist homeowners in Howey in the Hills by providing expert property tax appeal services, potentially lowering their assessed value and, consequently, their tax bill. By leveraging Ownwell's expertise, homeowners can ensure they are not overpaying on their property taxes, allowing them to save money and reduce their financial stress.

Property Tax Bills Across Howey In The Hills, Lake County, Florida

Source: Ownwell

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$809

$8,033

$15,257

Median Howey In The Hills Tax Bill

$3,264

Median Lake County Tax Bill

$2,362

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Howey In The Hills, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
34737$934$1,843$3,264$4,569$6,212

Source: Ownwell

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