Boca Grande, Florida Property Taxes
The median property tax rate in Boca Grande, FL is 1.03%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $2,799,755 in Boca Grande, the typical annual property tax bill reaches $24,008, significantly exceeding the national median of $2,690. Property taxes in Boca Grande are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Boca Grande'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 Boca Grande 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
Boca Grande, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$28,837
$27,266
$1,148
Average Boca Grande, Florida Tax Savings
Ownwell’s Boca Grande Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boca Grande with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boca Grande 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 Boca Grande. 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 Boca Grande, Florida
Property taxes in Boca Grande, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boca Grande is 1.03%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Boca Grande set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boca Grande 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 Boca Grande's effective property tax rate to other counties in Florida and the national median. For comparison, the 33921 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these areas compare with Boca Grande provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boca Grande Tax Rate
1.03%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boca Grande, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33921 | 0.42% | 0.66% | 1.03% | 1.10% | 1.27% |
Source: Ownwell
$1,148
Average Boca Grande Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Boca Grande, Florida
In Boca Grande, 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 Lee 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. 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. In Boca Grande, the median home price is $2,799,755. The 25th percentile tax bill is $16,495, while the 75th percentile tax bill is $37,431. The 90th percentile tax bill is $64,592. The zip code 33921 has the highest and lowest median tax bill, both at $24,008. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Boca Grande, Florida
Source: Ownwell
$28,847
$1,414,301
$2,799,755
Average Boca Grande Assessed Value
$2,799,755
Average Lee County Assessed Value
$269,922
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boca Grande, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33921 | $1,482,108 | $1,883,362 | $2,799,755 | $4,166,009 | $7,824,782 |
Source: Ownwell
$1,148
Average Boca Grande Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Boca Grande, Florida
Property tax bills in Boca Grande, located in Lee County, FL, are calculated based on the assessed value of a property. This assessed value is determined by the county's property appraiser and is influenced by factors such as the property's market value, location, and any improvements or renovations. The tax rate in Boca Grande is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $2,799,755, homeowners in Boca Grande can expect tax bills ranging from $16,495 at the 25th percentile to $64,592 at the 90th percentile. These tax bills can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell helps homeowners in Boca Grande save on their property tax bills by providing professional property tax appeal and exemption services. Our experts analyze your property's assessed value and market conditions to identify potential discrepancies. By appealing over-assessments and securing eligible exemptions, Ownwell can significantly reduce your property tax burden, ensuring you only pay your fair share.
Average Boca Grande Tax Bill
$24,008
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Boca Grande, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33921 | $10,340 | $16,495 | $24,008 | $37,431 | $64,592 |
Source: Ownwell
$1,148
Average Boca Grande 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 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lee Property Appraiser | |
| Website | www.leepa.org |
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