Weirsdale, Florida Property Taxes
The median property tax rate in Weirsdale, FL is 0.78%, notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value in Weirsdale at $390,740, the typical annual property tax bill reaches $2,987, slightly above the national median of $2,690. Property taxes in Weirsdale are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weirsdale'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 Weirsdale 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
Weirsdale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$3,048
$2,882
$1,148
Average Weirsdale, Florida Tax Savings
Ownwell’s Weirsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weirsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weirsdale 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 Weirsdale. 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 Weirsdale, Florida
Property taxes in Weirsdale, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weirsdale is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Weirsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weirsdale 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. For comparison, the zip code 32195 has both the highest and lowest median property tax rate of 0.78%. Understanding how these figures compare with Weirsdale 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 Weirsdale Tax Rate
0.78%
Average Lake County Tax Rate
0.95%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | 0.42% | 0.61% | 0.78% | 1.05% | 1.19% |
Source: Ownwell
$1,148
Average Weirsdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Weirsdale, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weirsdale, Florida. 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 local appraisal district 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 Weirsdale, 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. Weirsdale's median home price is $390,740, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,952, while the 75th percentile tax bill is $4,486. The highest median tax bill is found in the 32195 zip code, amounting to $2,987. 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 Weirsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weirsdale Assessed Value
$390,740
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 Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | $219,602 | $273,230 | $390,740 | $503,619 | $581,872 |
Source: Ownwell
$1,148
Average Weirsdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Weirsdale, Florida
In Weirsdale, Lake County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Weirsdale is $390,740. Property taxes here can vary significantly, with the 25th percentile tax bill at $1,952 and the 75th percentile at $4,486. The 90th percentile tax bill can reach up to $5,904, indicating the range of property taxes homeowners might expect. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Weirsdale's rates can be relatively high, impacting homeowners' annual expenses. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it's accurate, Ownwell can help identify potential savings. This service can be particularly beneficial for homeowners in Weirsdale, where tax bills can be substantial, ensuring you only pay your fair share.
Average Weirsdale Tax Bill
$2,987
Average Lake County Tax Bill
$2,362
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | $989 | $1,952 | $2,987 | $4,486 | $5,904 |
Source: Ownwell
$1,148
Average Weirsdale 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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