Weirsdale, Florida Property Taxes
The median property tax rate in Weirsdale, FL is 0.97%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Weirsdale at $163,876, the typical annual property tax bill amounts to $1,647, which is below the national median of $2,690. Property taxes in Weirsdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Weirsdale'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 Weirsdale 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
Weirsdale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,590
$1,475
Ownwell’s Weirsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weirsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weirsdale 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 Weirsdale, Florida
Property taxes in Weirsdale, Florida, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Weirsdale is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Weirsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weirsdale 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 Weirsdale's effective property tax rate to other areas in Marion County and the national median. For comparison, the zip code 32195 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Weirsdale 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 Weirsdale Tax Rate
0.97%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | 0.59% | 0.73% | 0.97% | 1.56% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Weirsdale, Florida
In Weirsdale, 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 Weirsdale, 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 Weirsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills recorded in Weirsdale both stand at $1,647 for the zip code 32195, reflecting the area's median home price of $163,876.
Average Weirsdale Assessed Value
$163,876
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 Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | $56,200 | $100,244 | $163,876 | $279,630 | $455,036 |
Source: Ownwell
Property Tax Bills Across Weirsdale, Florida
In Weirsdale, located in Marion County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property appraiser, who evaluates the property's market value and applies any exemptions for which the homeowner might qualify. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Weirsdale, the median home price stands at $163,876. Property tax bills can vary significantly, with the 25th percentile paying around $861, while those in the 75th percentile see bills closer to $2,771. At the higher end, the 90th percentile of homeowners might face tax bills as high as $5,147. Compared to the national median property tax rate of 0.99%, these figures illustrate how local assessments and tax rates can significantly impact what homeowners owe annually. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Weirsdale Tax Bill
$1,647
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Weirsdale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32195 | $607 | $861 | $1,647 | $2,771 | $5,147 |
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 |