Micanopy, Marion County, Florida Property Taxes
Median Micanopy, FL effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Micanopy, FL home value: $164,242
Median annual Micanopy, FL tax bill: $1,422, $978 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Micanopy, 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 Micanopy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Micanopy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Micanopy, Marion County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$1,478
$1,372
Ownwell’s Micanopy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Micanopy with just two data points.
By entering your property's estimated assessed value, our calculator applies Micanopy’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Marion County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Micanopy, Marion County, Florida
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental procedure followed each year.
In Micanopy, located in Marion County, Florida, the effective property tax rate provides an interesting comparison to other cities in Florida and the national average. With a median property tax rate of 0.90%, Micanopy's rate is below the national median of 1.02%. This can be seen as an advantage for property owners in the area, as they may benefit from lower property tax bills compared to the national median bill of $2400. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
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 Micanopy Tax Rate
0.90%
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 Marion County Tax Rate
1.04%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Micanopy, Marion County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32667 | 0.49% | 0.70% | 0.90% | 1.53% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Micanopy, Marion County, Florida
When examining property taxes in Micanopy, 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 Marion County Property Appraiser 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 Marion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Micanopy.
For example, the median home price in Micanopy is $164,242, with tax bills ranging significantly across the county. The zip code 32667 has the highest median home price at $164,242.
Property Tax Assessment Values Across Micanopy, Marion County, Florida
Source: Ownwell
$47,814
$154,461
$261,107
Median Micanopy Market Value
$164,242
Median Marion County Market Value
$176,469
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Micanopy, Marion County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32667 | $39,619 | $82,883 | $164,242 | $287,870 | $488,406 |
Source: Ownwell
Property Tax Bills Across Micanopy, Marion County, Florida
In Micanopy, located in Marion County, FL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and considers factors such as the property's location, size, and condition. Homeowners in Micanopy might notice their tax bills vary significantly, with the 25th percentile at $786 and the 90th percentile reaching $4,235. The median tax bill stands at $1,422, which is below the national median of $2,400. This lower tax bill can be attributed to the area's relatively modest median home price of $164,242.
Despite these figures, homeowners may still find their tax bills burdensome. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell aims to reduce property tax obligations for homeowners. Our team analyzes your property's assessment and identifies opportunities for savings, ensuring you pay only your fair share. With Ownwell, Micanopy homeowners can potentially lower their tax bills and ease their financial burden.
Median Micanopy Tax Bill
$1,422
Median Marion County Tax Bill
$1,725
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Micanopy, Marion County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32667 | $508 | $786 | $1,422 | $2,411 | $4,235 |
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 |