Myakka City, Manatee County, Florida Property Taxes
Median Myakka City, FL effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Myakka City, FL home value: $478,933
Median annual Myakka City, FL tax bill: $2,602, $202 higher than the national median property tax bill of $2,400.
How are property taxes in Manatee calculated?
Property taxes in Myakka City, 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 Myakka City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Myakka City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Myakka City, Manatee County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$2,634
$2,444
$1,102
Average Tax Savings
Property Tax Rates Across Myakka City, Manatee County, Florida
Local government entities in Florida set property tax rates, and these can vary significantly within the state. Each year, counties like Manatee estimate their required budget to provide public services, which is then divided by the total value of all taxable property within the county. This results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this annual process is the core method used.
In Myakka City, located in Manatee County, the effective property tax rate is a reflection of this calculation process. When compared to other cities in Florida, Myakka City's rate is consistent with the state's median, standing at 0.55%. This is notably lower than the national median property tax rate of 1.02%. Consequently, homeowners in Myakka City benefit from a lower tax burden compared to many other areas across the country, where the median property tax bill is $2400. This makes Myakka City an attractive option for property owners looking for a more affordable tax environment.
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 Myakka City Tax Rate
0.55%
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 Manatee County Tax Rate
0.92%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Myakka City, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34251 | 0.30% | 0.42% | 0.55% | 0.76% | 0.93% |
Source: Ownwell
$1,102
Average Myakka City Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Myakka City, Manatee County, Florida
When examining property taxes in Myakka City, FL, 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 Manatee County Appraisal District 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 Manatee 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 Myakka City. For example, the median home price in Myakka City is $478,933, with tax bills ranging significantly across the county. Zip code 34251 has the highest median home price at $478,933.
Property Tax Assessment Values Across Myakka City, Manatee County, Florida
Source: Ownwell
$147,981
$1,010,609
$1,873,236
Median Myakka City Market Value
$478,933
Median Manatee County Market Value
$360,505
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Myakka City, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34251 | $215,166 | $332,422 | $478,933 | $645,508 | $825,095 |
Source: Ownwell
$1,102
Average Myakka City Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Myakka City, Manatee County, Florida
In Myakka City, located in Manatee County, FL, property tax bills are primarily determined by the assessed value of a home and the local tax rate. The assessed value is often a percentage of the market value, which can fluctuate based on the real estate market. Homeowners in Myakka City experience a median property tax bill of $2,602, which aligns closely with the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,535 and the 90th percentile reaching $5,649. These variations depend on factors such as property location, size, and improvements.
For homeowners, these taxes can represent a significant financial burden. That's where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and find opportunities for savings, providing peace of mind and financial relief.
Median Myakka City Tax Bill
$2,602
Median Manatee County Tax Bill
$2,985
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Myakka City, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34251 | $887 | $1,535 | $2,602 | $4,001 | $5,649 |
Source: Ownwell
$1,102
Average Myakka City 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 1 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Manatee Property Appraiser | |
| Website | www.manateepao.com |
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