Newberry, Levy County, Florida Property Taxes

Name: Property Tax Bills Across Newberry, Levy County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Newberry, FL effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Newberry, FL home value: $117,978
Median annual Newberry, FL tax bill: $1,520, $880 lower than the national median property tax bill of $2,400.

How are property taxes in Levy calculated?

Property taxes in Newberry, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Newberry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newberry, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newberry, Levy County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$1,522

$1,412

Ownwell’s Newberry Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newberry with just two data points. By entering your property's estimated assessed value, our calculator applies Newberry’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Levy County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Newberry, Levy County, Florida

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. Each county, including Newberry in Levy County, estimates its budget needs annually to provide essential services. This budget is then divided by the total value of all taxable property within the county to determine the property tax rate. Though the process involves votes and legislation, this is essentially how property tax rates are established each year.

In Newberry, the effective property tax rate can be compared to other cities across Florida and to the median property tax rates both within the state and nationwide. Florida's median property tax rate is slightly higher than the national median, reflecting the diverse needs and valuations across the state. Understanding these rates is crucial for property owners who wish to manage their tax liabilities effectively. By staying informed about how their local rates compare, property owners can make better financial decisions and potentially take advantage of tax appeal and exemption opportunities.

Property Tax Rates Across Newberry, Levy County, Florida

Source: Ownwell

0.94%

1.30%

1.65%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Newberry Tax Rate

1.29%

Median Effective Levy County Tax Rate

1.19%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newberry, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32669	0.67%	0.85%	1.29%	1.62%	1.68%

Source: Ownwell

Property Tax Assessment Values Across Newberry, Levy County, Florida

When examining property taxes in Newberry, Florida, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Levy County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Levy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Newberry.

For example, the median home price in Newberry is $117,978, with tax bills ranging significantly across the county. Zip code 32669 has the highest median home price at $117,978.

Property Tax Assessment Values Across Newberry, Levy County, Florida

Source: Ownwell

$34,189

$113,482

$192,774

Median Newberry Market Value

$117,978

Median Levy County Market Value

$106,002

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newberry, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32669	$57,691	$94,985	$117,978	$177,146	$203,415

Source: Ownwell

Property Tax Bills Across Newberry, Levy County, Florida

In Newberry, property tax bills are calculated based on the assessed value of a home, which is determined by the Levy County property appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions can influence the assessed value. In Newberry, the median property tax bill is $1,520, which is lower than the national median of $2,400. Homeowners in this area might see bills as low as $1,008 at the 25th percentile, while those at the 75th percentile pay around $2,105. The highest tax bills in the area reach $2,421, still below the national median. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies or overvaluations. By filing appeals and seeking exemptions, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This service can lead to significant savings and peace of mind for Newberry residents.

Property Tax Bills Across Newberry, Levy County, Florida

Source: Ownwell

$488

$1,642

$2,795

Median Newberry Tax Bill

$1,520

Median Levy County Tax Bill

$1,048

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Newberry, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32669	$671	$1,008	$1,520	$2,105	$2,421

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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