Bokeelia, Florida Property Taxes
The median property tax rate in Bokeelia, FL is 1.23%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Bokeelia, the typical annual property tax bill reaches $2,950, exceeding the national median of $2,690. Property taxes in Bokeelia 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 Bokeelia'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 Bokeelia 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
Bokeelia, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,431
$3,247
$1,148
Average Bokeelia, Florida Tax Savings
Ownwell’s Bokeelia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bokeelia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bokeelia 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 Bokeelia. 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 Bokeelia, Florida
Property taxes in Bokeelia, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bokeelia is 0.83%, lower than both the Florida state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Bokeelia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bokeelia 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 Bokeelia's effective property tax rate to other counties in Florida and the national median. For comparison, the 33922 zip code has the highest median property tax rate of 0.83%, while the same 33922 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Bokeelia 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 Bokeelia Tax Rate
1.23%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bokeelia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33922 | 0.55% | 0.74% | 1.23% | 1.40% | 1.53% |
Source: Ownwell
$1,148
Average Bokeelia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bokeelia, Florida
In Bokeelia, 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. In Bokeelia, 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 Bokeelia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33922 has both the highest and lowest median tax bill at $2,950.
Average Bokeelia Assessed Value
$278,976
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 Bokeelia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33922 | $107,748 | $193,538 | $278,976 | $405,510 | $594,093 |
Source: Ownwell
$1,148
Average Bokeelia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bokeelia, Florida
In Bokeelia, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Lee County Property Appraiser and reflects the market value of the property. The local tax rate is then applied to this value to determine the annual tax bill. For instance, with a median home price of $278,976, property taxes can vary significantly, with bills ranging from $1,683 at the 25th percentile to $6,356 at the 90th percentile. This variation can significantly impact homeowners' finances. Ownwell helps homeowners in Bokeelia save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to market trends, Ownwell identifies opportunities to challenge over-assessments. This can lead to substantial savings, ensuring you only pay your fair share. With Ownwell's dedicated support, you can navigate the complexities of property tax assessments and reduce your annual tax burden.
Average Bokeelia Tax Bill
$2,950
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bokeelia, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33922 | $972 | $1,683 | $2,950 | $4,415 | $6,356 |
Source: Ownwell
$1,148
Average Bokeelia 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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