Inglis, Florida Property Taxes
The median property tax rate in Inglis, FL is 1.32%, which is notably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Inglis at $85,043, the typical annual property tax bill reaches $946, falling below the national median of $2,690. Property taxes in Inglis are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Inglis'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 Inglis 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
Inglis, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,123
$1,061
Ownwell’s Inglis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Inglis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Inglis 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 Inglis, Florida
Property taxes in Inglis, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inglis is 1.32%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Inglis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inglis 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 Inglis's effective property tax rate to other counties in Florida and the national median. For comparison, the 34449 zip code has the highest median property tax rate of 1.32%, while the 34449 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Inglis 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 Inglis Tax Rate
1.32%
Average Levy County Tax Rate
1.19%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | 0.65% | 0.81% | 1.32% | 1.96% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Inglis, Florida
In Inglis, 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 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 Inglis, 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 Inglis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Inglis is $85,043, with the highest and lowest median tax bills both being $946 in the 34449 zip code.
Average Inglis Assessed Value
$85,043
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 Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | $25,650 | $43,821 | $85,043 | $153,266 | $236,927 |
Source: Ownwell
Property Tax Bills Across Inglis, Florida
In Inglis, located in Levy County, FL, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. Unlike the market value, the assessed value is a percentage of the property's market value, adjusted for any exemptions that may apply. Homeowners in Inglis can expect their property tax rates to be influenced by several factors, including local government budgets, school district funding, and public service requirements. For instance, with a median home price of $85,043, the property tax bill can vary significantly. The 25th percentile of tax bills stands at $595, while the 75th percentile reaches $1,748. At the 90th percentile, homeowners may face a tax bill as high as $2,885. These variations highlight the impact of different assessment values and applicable exemptions. Comparatively, the median property tax rate in Inglis is relatively low when compared to the national median of 0.99%, making it a more affordable option for homeowners. This lower tax burden can significantly affect homeowners' annual expenses, making Inglis an attractive location for property investment.
Average Inglis Tax Bill
$946
Average Levy County Tax Bill
$1,048
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Inglis, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34449 | $382 | $595 | $946 | $1,748 | $2,885 |
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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