Okeechobee, Osceola County, Florida Property Taxes

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each county, such as Osceola in Florida, estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this annual process is the core mechanism.

In Okeechobee, located in Osceola County, the effective property tax rate is a reflection of this process. When comparing Okeechobee's rate to other cities in Florida, it aligns with the state's median tax rate of 1.67%. This is considerably higher than the national median property tax rate of 1.02%. The property tax rate in Okeechobee is also consistent within its area, as indicated by the highest and lowest median tax rates both being 1.67% in the 34972 ZIP code. This consistency provides a clear picture of property tax expectations for homeowners in the region.

In Okeechobee, located in Osceola County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $65,250, local homeowners face tax bills that vary significantly. For example, the 25th percentile tax bill is $902, while the 75th percentile reaches $1,503, and the 90th percentile hits $1,844. The median property tax bill in Okeechobee is $1,176, which is below the national median property tax bill of $2,400. This relatively lower tax burden can still impact homeowners, especially when considering other financial obligations.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By examining the assessed value and ensuring it aligns with the market value, Ownwell can help reduce tax bills, potentially saving homeowners hundreds of dollars annually. Engaging with Ownwell's services ensures homeowners pay only their fair share in property taxes.