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Montverde, Lake County, Florida Property Taxes

  • Median Montverde, FL effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Montverde, FL home value: $364,867

  • Median annual Montverde, FL tax bill: $3,058, $658 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Montverde, Lake County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$3,065

$2,844

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Montverde Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montverde with just two data points. By entering your property's estimated assessed value, our calculator applies Montverde’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Lake 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 Montverde, Lake County, Florida

Local government entities are responsible for setting property tax rates, which can significantly differ within a state. This variation arises because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. The result is the property tax rate. Although the process involves votes and legislation, this is essentially how it unfolds each year.

In Montverde, located in Lake County, Florida, the effective property tax rate is 0.84%, which aligns with the highest and lowest median tax rates in the region, given the uniformity in the zip code 34756. When you compare this to the national median property tax rate of 1.02%, Montverde's rate is notably lower. The national median property tax bill stands at $2,400, providing a benchmark for evaluating local tax burdens. Understanding these figures can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By recognizing how Montverde's tax rate compares to broader state and national metrics, residents can better navigate the complexities of property taxation.

Property Tax Rates Across Montverde, 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 Montverde Tax Rate

0.84%

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 Montverde, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
347560.48%0.64%0.84%1.16%1.28%

Source: Ownwell

Property Tax Assessment Values Across Montverde, Lake County, Florida

When examining property taxes in Montverde, 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 Appraisal District 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. Assessment notices: 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 Montverde. For example, the median home price in Montverde is $364,867, with tax bills ranging significantly across the county. 34756 has the highest median home price at $364,867.

Property Tax Assessment Values Across Montverde, Lake County, Florida

Source: Ownwell

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$70,747

$809,779

$1,548,810

Median Montverde Market Value

$364,867

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 Montverde, Lake County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
34756$112,062$201,829$364,867$516,456$657,370

Source: Ownwell

Property Tax Bills Across Montverde, Lake County, Florida

In Montverde, located in Lake County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a fraction of the property's market value. Factors such as local government budgets, school funding, and public service requirements influence the tax rate. Homeowners in Montverde experience a range of tax bills, with the 25th percentile at $1,360 and the 75th percentile at $4,659. The median tax bill is $3,058, which is higher than the national median of $2,400. This indicates that property taxes can be a significant expense for homeowners in this area. Ownwell can assist homeowners by evaluating their property's assessed value and identifying potential discrepancies. By appealing property taxes and seeking exemptions, Ownwell can help reduce the tax burden. This not only ensures homeowners are not overpaying but also provides financial relief, allowing them to allocate resources to other essential needs.

Property Tax Bills Across Montverde, Lake County, Florida

Source: Ownwell

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$809

$8,033

$15,257

Median Montverde Tax Bill

$3,058

Median Lake County Tax Bill

$2,362

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Montverde, Lake County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
34756$774$1,360$3,058$4,659$6,329

Source: Ownwell

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