Mount Dora, Florida Property Taxes
The median property tax rate in Mount Dora, FL is 1.04%, 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 Mount Dora at $291,394, the typical annual property tax bill reaches $2,879, just above the national median of $2,690. Property taxes in Mount Dora are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Dora'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 Mount Dora or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Dora, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,030
$2,865
$1,148
Average Mount Dora, Florida Tax Savings
Ownwell’s MOUNT DORA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT DORA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT DORA 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 MOUNT DORA. 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 Rates Across Mount Dora, Florida
Property taxes in Mount Dora, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Dora is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Mount Dora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Dora 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 Mount Dora's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32757 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Mount Dora 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 Mount Dora Tax Rate
1.04%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | 0.49% | 0.71% | 1.04% | 1.36% | 1.64% |
Source: Ownwell
$1,148
Average Mount Dora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mount Dora, Florida
In Mount Dora, 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 Mount Dora, 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. The median home price in Mount Dora is $291,394, with tax bills ranging from $1,711 at the 25th percentile to $5,922 at the 90th percentile. The zip code with the highest median tax bill is 32757, at $2,879, which also happens to be the lowest median tax bill in the area. 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 Mount Dora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Dora Assessed Value
$291,394
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 Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | $143,343 | $217,645 | $291,394 | $375,412 | $487,209 |
Source: Ownwell
$1,148
Average Mount Dora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mount Dora, Florida
In Mount Dora, located in Lake County, FL, property tax bills are determined based on the assessed value of a home. The assessed value is calculated by the county assessor and is a percentage of the home's market value. Homeowners in Mount Dora face varying tax bills, with the 25th percentile at $1,711 and the 90th percentile reaching $5,922. The highest and lowest median tax bills in the city are both $2,879, which is below the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the home's location, size, and any applicable exemptions. These taxes can significantly impact homeowners, especially those with higher-valued properties. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share. This service is particularly beneficial in a market where property values and taxes can vary widely.
Average Mount Dora Tax Bill
$2,879
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Dora, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32757 | $884 | $1,711 | $2,879 | $4,287 | $5,922 |
Source: Ownwell
$1,148
Average Mount Dora 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 16 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |
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