University Park, Manatee County, Florida Property Taxes
Median University Park, FL effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median University Park, FL home value: $678,217
Median annual University Park, FL tax bill: $7,510, $5,110 higher than the national median property tax bill of $2,400.
How are property taxes in Manatee calculated?
Property taxes in University Park, 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 University Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in University Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
University Park, Manatee County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$7,053
$6,545
$1,102
Average Tax Savings
Property Tax Rates Across University Park, Manatee County, Florida
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to fund essential services and then divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, while involving votes and laws, essentially boils down to this annual calculation.
In University Park, located in Manatee County, Florida, the effective property tax rate offers a unique perspective when compared to other cities in the state and the national median. Florida's median property tax rate is slightly above the national median, reflecting a diverse range of property values and local government budgets. Understanding how University Park's rate stacks up against these benchmarks can provide valuable insights for property owners looking to manage their tax obligations effectively.
Comparing these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By understanding the nuances of local tax rates, homeowners are better equipped to navigate their financial responsibilities and potentially reduce their tax burden.
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 University Park Tax Rate
1.04%
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 University Park, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34201 | 0.91% | 0.98% | 1.04% | 1.32% | 1.44% |
Source: Ownwell
$1,102
Average University Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across University Park, Manatee County, Florida
When examining property taxes in University Park, 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 Manatee County Property Appraiser's Office 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 University Park. For example, the median home price in University Park is $678,217, with tax bills ranging significantly across the county. Zip code 34201 has the highest median home price at $678,217.
Property Tax Assessment Values Across University Park, Manatee County, Florida
Source: Ownwell
$147,981
$1,010,609
$1,873,236
Median University Park Market Value
$678,217
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 University Park, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34201 | $378,250 | $503,056 | $678,217 | $928,072 | $1,135,294 |
Source: Ownwell
$1,102
Average University Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across University Park, Manatee County, Florida
In University Park, property tax bills are calculated based on the assessed value of a home, which is determined by the Manatee County Property Appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, such as home improvements or changes in market conditions, can influence the assessed value. Homeowners in University Park face a median tax bill significantly higher than the national median of $2400, with figures ranging from $5423 at the 25th percentile to $12920 at the 90th percentile. This can pose a substantial financial burden, especially with a median home price of $678,217.
Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing incorrect assessments or applying for eligible exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they pay only their fair share. This service can lead to significant savings, easing the financial burden on homeowners in University Park.
Property Tax Bills Across University Park, Manatee County, Florida
Source: Ownwell
$1,472
$8,380
$15,287
Median University Park Tax Bill
$7,510
Median Manatee County Tax Bill
$2,985
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across University Park, Manatee County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34201 | $4,263 | $5,423 | $7,510 | $10,202 | $12,920 |
Source: Ownwell
$1,102
Average University Park 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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