Chiefland, Florida Property Taxes
The median property tax rate in Chiefland, FL is 1.16%, slightly higher than both the national median of 0.99% and Florida's state median of 1.14%. With a median home value of $105,144 in Chiefland, the typical annual property tax bill is $1,080, which is below the national median of $2,690. Property taxes in Chiefland are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Chiefland'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 Chiefland or another part of Levy County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chiefland, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,220
$1,132
Ownwell’s Chiefland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chiefland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chiefland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Chiefland, Florida
Property taxes in Chiefland, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chiefland stands at 1.16%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Chiefland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chiefland 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 Chiefland's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32626 has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Chiefland provides valuable insights into the varying tax landscape across Levy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chiefland Tax Rate
1.16%
Average Levy County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chiefland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32626 | 0.65% | 0.78% | 1.16% | 1.83% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Chiefland, Florida
In Chiefland, 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 Levy County 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 Chiefland, 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 Chiefland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chiefland is $105,144, with the highest and lowest median tax bill being $1,080 in zip code 32626.
Average Chiefland Assessed Value
$105,144
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 Chiefland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32626 | $28,900 | $54,178 | $105,144 | $170,656 | $252,095 |
Source: Ownwell
Property Tax Bills Across Chiefland, Florida
In Chiefland, located in Levy County, FL, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The assessed value is typically a percentage of the market value of the property. Local tax authorities then apply the tax rate to this assessed value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Chiefland, the median home price is $105,144. With a national median property tax rate of 0.99%, local tax rates can vary, resulting in different tax bills. For example, homeowners at the 25th percentile may see tax bills around $691, while those at the 75th percentile could face bills up to $1,864. The highest tax bills, reaching the 90th percentile, can be as much as $2,783. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Chiefland Tax Bill
$1,080
Average Levy County Tax Bill
$1,048
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Chiefland, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32626 | $429 | $691 | $1,080 | $1,864 | $2,783 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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