Ellenton, Florida Property Taxes
The median property tax rate in Ellenton, FL is 0.74%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Ellenton at $289,029, the typical annual property tax bill amounts to $1,802, which is well below the national median of $2,690. Property taxes in Ellenton 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 Ellenton'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 Ellenton 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
Ellenton, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,139
$1,985
$1,148
Average Tax Savings
Ownwell’s Ellenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellenton 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 Ellenton. 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 Ellenton, Florida
Property taxes in Ellenton, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellenton is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Ellenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellenton 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 Ellenton's effective property tax rate to other counties in Florida and the national median. For comparison, the 34222 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Ellenton provides valuable insights into the varying tax landscape across Manatee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellenton Tax Rate
0.74%
Average Manatee County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34222 | 0.42% | 0.53% | 0.74% | 0.98% | 1.26% |
Source: Ownwell
$1,148
Average Ellenton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ellenton, Florida
In Ellenton, 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 Manatee 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 Ellenton, 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 Ellenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 34222 has both the highest and lowest median tax bills at $1802, reflecting the uniformity in property values within the area.
Average Ellenton Assessed Value
$289,029
Average Manatee County Assessed Value
$360,505
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34222 | $75,355 | $120,901 | $289,029 | $412,144 | $537,653 |
Source: Ownwell
$1,148
Average Ellenton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ellenton, Florida
In Ellenton, Manatee County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. Factors influencing the assessed value include the property's market value, location, and any applicable exemptions. For example, the median home price in Ellenton is $289,029, leading to varying tax bills across different percentiles, from $912 at the 25th percentile to $4,085 at the 90th percentile. These tax bills can significantly impact homeowners, making it essential to ensure they are not overpaying. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values and, consequently, their tax bills. Our team of experienced consultants works diligently to identify discrepancies and secure the best possible outcomes, ensuring homeowners in Ellenton save money on their property taxes.
Average Ellenton Tax Bill
$1,802
Average Manatee County Tax Bill
$2,985
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellenton, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34222 | $580 | $912 | $1,802 | $3,149 | $4,085 |
Source: Ownwell
$1,148
Average Ellenton 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Manatee Property Appraiser | |
| Website | www.manateepao.com |
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