Levy County Property Taxes
The median property tax rate in Levy County is 1.19%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $106,002 in Levy County, the typical annual property tax bill amounts to $1,048, which is below the national median of $2,690. Property taxes in Levy County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Levy County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bronson or another part of Levy County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Levy County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,261
$1,171
Ownwell’s Levy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Levy County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Levy County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Levy County, Florida
Property taxes in Levy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Levy County is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Levy County set these rates annually, and they can vary significantly between different areas within the county. Each year, Levy County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cedar Key has one of the higher property tax rates in Florida at 1.65%, while the city of Dunnellon boasts one of the lowest at 0.94%. Analyzing how Levy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Levy County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Levy County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | 0.58% | 0.69% | 0.99% | 1.58% | 1.94% |
| Bronson | 0.62% | 0.75% | 1.12% | 1.72% | 2.36% |
| Cedar Key | 0.77% | 1.14% | 1.65% | 2.08% | 2.26% |
| Chiefland | 0.65% | 0.78% | 1.16% | 1.83% | 2.48% |
| Dunnellon | 0.55% | 0.68% | 0.94% | 1.47% | 1.69% |
| Fanning Springs | 0.53% | 0.68% | 1.19% | 1.87% | 2.29% |
| Inglis | 0.65% | 0.81% | 1.32% | 1.96% | 2.52% |
| Morriston | 0.56% | 0.70% | 1.04% | 1.55% | 1.96% |
| Newberry | 0.67% | 0.85% | 1.29% | 1.62% | 1.68% |
| Otter Creek | 0.76% | 0.82% | 1.13% | 1.92% | 2.23% |
| Trenton | 0.62% | 0.78% | 1.21% | 1.77% | 2.27% |
| Williston | 0.58% | 0.71% | 1.07% | 1.69% | 2.21% |
| Yankeetown | 0.65% | 0.85% | 1.55% | 1.82% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Levy County, Florida
In Levy County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Levy County Appraisal District. The assessed value, however, 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 in Levy County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Cedar Key has the highest median tax bill at $2,795, while Otter Creek has the lowest at $488. Being aware of these valuation processes in Levy County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Levy County Assessed Value
$106,002
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Levy County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | $26,283 | $55,339 | $102,396 | $160,406 | $241,014 |
| Bronson | $22,616 | $46,878 | $89,246 | $138,330 | $192,440 |
| Cedar Key | $49,400 | $88,964 | $190,000 | $290,194 | $431,731 |
| Chiefland | $28,900 | $54,178 | $105,144 | $170,656 | $252,095 |
| Dunnellon | $84,420 | $115,699 | $168,575 | $237,355 | $311,898 |
| Fanning Springs | $20,671 | $44,081 | $79,210 | $130,248 | $175,414 |
| Inglis | $25,650 | $43,821 | $85,043 | $153,266 | $236,927 |
| Morriston | $31,350 | $62,066 | $114,707 | $196,846 | $292,137 |
| Newberry | $57,691 | $94,985 | $117,978 | $177,146 | $203,415 |
| Otter Creek | $15,305 | $26,028 | $34,189 | $95,608 | $149,934 |
| Trenton | $30,911 | $48,914 | $92,490 | $152,722 | $213,863 |
| Williston | $24,212 | $57,825 | $110,970 | $178,171 | $257,390 |
| Yankeetown | $46,155 | $102,111 | $192,774 | $300,138 | $445,858 |
Source: Ownwell
Property Tax Bills Across Levy County, Florida
In Levy County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county property appraiser. This assessed value is then multiplied by the local millage rate to determine the annual tax bill. Several factors influence the assessed value, including the market value of the property, any exemptions for which the homeowner qualifies, and changes in the local real estate market. The median home price in Levy County is $106,002, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $641, while the 75th percentile reaches $1,885. At the 90th percentile, homeowners may face a tax bill as high as $3,076. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Notably, Cedar Key has the highest median tax bill at $2,795, whereas Otter Creek has the lowest at $488. These variations can significantly impact homeowners' finances, influencing decisions on purchasing and maintaining property.
Average Levy County Tax Bill
$1,048
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Levy County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | $399 | $552 | $901 | $1,547 | $2,297 |
| Bronson | $399 | $546 | $863 | $1,413 | $2,133 |
| Cedar Key | $634 | $1,235 | $2,795 | $4,802 | $6,663 |
| Chiefland | $429 | $691 | $1,080 | $1,864 | $2,783 |
| Dunnellon | $623 | $898 | $1,589 | $2,383 | $3,442 |
| Fanning Springs | $270 | $469 | $802 | $1,240 | $1,843 |
| Inglis | $382 | $595 | $946 | $1,748 | $2,885 |
| Morriston | $399 | $661 | $1,049 | $1,858 | $2,848 |
| Newberry | $671 | $1,008 | $1,520 | $2,105 | $2,421 |
| Otter Creek | $270 | $270 | $488 | $762 | $1,440 |
| Trenton | $399 | $652 | $964 | $1,540 | $2,422 |
| Williston | $399 | $614 | $1,008 | $1,818 | $2,848 |
| Yankeetown | $662 | $1,179 | $2,112 | $3,950 | $5,686 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |