Citra, Florida Property Taxes
The median property tax rate in Citra, FL is 1.00%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $109,440 in Citra, the typical annual property tax bill amounts to $1,063, which is below the national median of $2,690. Property taxes in Citra are calculated based on the tax assessed value, which generally falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Citra'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 Citra or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Citra, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,094
$1,016
Ownwell’s Citra Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Citra with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Citra to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Citra, Florida
Property taxes in Citra, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Citra is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Citra set these rates annually, and they can vary significantly across different neighborhoods. Each year, Citra 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 Citra's effective property tax rate to other counties in Florida and the national median. For comparison, the 32113 zip code has the highest median property tax rate of 1.00%, while the same 32113 zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Citra provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Citra Tax Rate
1.00%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Citra, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32113 | 0.58% | 0.73% | 1.00% | 1.73% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Citra, Florida
In Citra, 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 Marion 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 Citra, 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 Citra helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Citra are both $1063, found in the 32113 zip code.
Average Citra Assessed Value
$109,440
Average Marion County Assessed Value
$176,469
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Citra, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32113 | $25,252 | $53,299 | $109,440 | $199,180 | $330,546 |
Source: Ownwell
Property Tax Bills Across Citra, Florida
In Citra, located in Marion 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 tax bill. For homeowners in Citra, the median home price is $109,440, with tax bills varying significantly across different percentiles. For instance, at the 25th percentile, the tax bill is approximately $641, while at the 75th percentile, it rises to about $1923. At the 90th percentile, homeowners could see tax bills as high as $3044. The local tax rate plays a crucial role in this calculation, and while it fluctuates based on various factors, it remains a critical component of the overall property tax bill. Compared to the national median property tax rate of 0.99%, Citra's rates can result in varied financial impacts on homeowners, influencing their annual budgets and long-term financial planning.
Average Citra Tax Bill
$1,063
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Citra, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32113 | $349 | $641 | $1,063 | $1,923 | $3,044 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Marion Property Appraiser | |
| Website | www.pa.marion.fl.us |