Mascotte, Florida Property Taxes
The median property tax rate in Mascotte, FL is 1.11%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Mascotte at $252,025, the typical annual property tax bill is around $2,329, which is below the national median of $2,690. Property taxes in Mascotte are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mascotte'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 Mascotte or another part of Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mascotte, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,797
$2,596
$1,148
Average Tax Savings
Ownwell’s Mascotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mascotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mascotte 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 Mascotte. 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 Lake County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mascotte, Florida
Property taxes in Mascotte, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mascotte is 1.11%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Mascotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mascotte 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 Mascotte's effective property tax rate to other counties in Florida and the national median. For comparison, the 34753 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Mascotte 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 Mascotte Tax Rate
1.11%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mascotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34753 | 0.44% | 0.62% | 1.11% | 1.54% | 1.77% |
Source: Ownwell
$1,148
Average Mascotte Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mascotte, Florida
In Mascotte, 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 Mascotte, 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 Mascotte 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 34753 at $2,329, which is also the lowest median tax bill in the area.
Average Mascotte Assessed Value
$252,025
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 Mascotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34753 | $124,989 | $198,140 | $252,025 | $287,110 | $323,262 |
Source: Ownwell
$1,148
Average Mascotte Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mascotte, Florida
Property tax bills in Mascotte, located in Lake County, FL, are calculated based on the assessed value of a property, which is determined by the county assessor. This value is then multiplied by the local tax rate. With a median home price of $252,025, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $1,138, while the 75th percentile tax bill reaches $3,416, and the 90th percentile tax bill can be as high as $4,390. These figures show a considerable range, reflecting differences in property values and applicable exemptions. Homeowners often find these tax bills burdensome. However, Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering assessed values, thus decreasing overall tax bills. This can result in substantial savings, making homeownership more affordable and manageable.
Average Mascotte Tax Bill
$2,329
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mascotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34753 | $894 | $1,138 | $2,329 | $3,416 | $4,390 |
Source: Ownwell
$1,148
Average Mascotte 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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