Holmes Beach, Florida Property Taxes
The median property tax rate in Holmes Beach, FL is 1.06%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Holmes Beach at $1,011,500, the typical annual property tax bill reaches $9,051, significantly exceeding the national median of $2,690. Property taxes in Holmes Beach are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holmes Beach'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 Holmes Beach 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
Holmes Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$10,722
$9,950
$1,148
Average Tax Savings
Ownwell’s Holmes Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holmes Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holmes Beach 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 Holmes Beach. 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 Holmes Beach, Florida
Property taxes in Holmes Beach, Florida, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Holmes Beach stands at 1.06%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Holmes Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holmes Beach 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 Holmes Beach's effective property tax rate to other areas in Manatee County and the national median. For comparison, the zip code 34217 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Holmes Beach 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 Holmes Beach Tax Rate
1.06%
Average Manatee County Tax Rate
0.92%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holmes Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34217 | 0.51% | 0.83% | 1.06% | 1.19% | 1.37% |
Source: Ownwell
$1,148
Average Holmes Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Holmes Beach, Florida
In Holmes Beach, 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 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. Assessment notices in Holmes Beach 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. Holmes Beach's median home price is $1,011,500, with tax bills ranging from $6,071 at the 25th percentile to $20,874 at the 90th percentile. The highest and lowest median tax bills, both $9,051, occur in the 34217 zip code. Being aware of these valuation processes in Holmes Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Holmes Beach, Florida
Source: Ownwell
$147,981
$1,010,609
$1,873,236
Average Holmes Beach Assessed Value
$1,011,500
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 Holmes Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34217 | $484,500 | $609,025 | $1,011,500 | $1,426,700 | $2,133,219 |
Source: Ownwell
$1,148
Average Holmes Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Holmes Beach, Florida
In Holmes Beach, Manatee County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $1,011,500, homeowners in Holmes Beach can expect tax bills ranging widely. For example, the tax bill at the 25th percentile is $6,071, while at the 75th percentile, it climbs to $13,874. At the 90th percentile, it can reach as high as $20,874. These tax rates can significantly impact homeowners, especially considering the national median property tax rate of 0.99%. Given the high property values in Holmes Beach, even slight variations in tax assessments can lead to substantial differences in tax bills. Ownwell helps homeowners save on their property tax bills by offering expert property tax appeal and exemption services, ensuring that homes are not over-assessed and that homeowners pay only their fair share.
Average Holmes Beach Tax Bill
$9,051
Average Manatee County Tax Bill
$2,985
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Holmes Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34217 | $4,545 | $6,071 | $9,051 | $13,874 | $20,874 |
Source: Ownwell
$1,148
Average Holmes Beach 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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