Delray Beach, Florida Property Taxes
The median property tax rate in Delray Beach, FL is 1.36%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Delray Beach at $248,765, the typical annual property tax bill reaches $2,911, exceeding the national median of $2,690. Property taxes in Delray Beach are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Delray Beach'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 Delray Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delray Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$3,383
$3,140
$1,148
Average Tax Savings
Ownwell’s Delray Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delray Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delray Beach to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Delray Beach. 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 Delray Beach, Florida
Property taxes in Delray Beach, Florida, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Delray Beach is 1.36%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Delray Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delray Beach 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 Delray Beach's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the 33483 zip code has the highest median property tax rate of 1.63%, while the 33484 zip code has the lowest median tax rate of 1.25%. Understanding how these areas compare with Delray Beach provides valuable insights into the varying tax landscape across Palm Beach County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delray Beach Tax Rate
1.36%
Average Palm Beach County Tax Rate
1.34%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delray Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33444 | 0.38% | 0.78% | 1.55% | 1.82% | 1.97% |
| 33445 | 0.48% | 0.78% | 1.37% | 1.82% | 1.97% |
| 33446 | 0.61% | 0.97% | 1.28% | 1.65% | 1.78% |
| 33483 | 0.65% | 1.10% | 1.63% | 1.81% | 1.96% |
| 33484 | 0.47% | 0.72% | 1.25% | 1.68% | 1.85% |
Source: Ownwell
$1,148
Average Delray Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Delray Beach, Florida
In Delray Beach, 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 Palm Beach 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 Delray Beach, 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. For instance, the median home price in Delray Beach is $248,765. The zip code with the highest median tax bill is 33483, with a median tax bill of $8,913, while the lowest is 33484, with a median tax bill of $1,954. By understanding 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 Delray Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Delray Beach, Florida
Source: Ownwell
$32,527
$1,351,467
$2,670,407
Average Delray Beach Assessed Value
$248,765
Average Palm Beach County Assessed Value
$316,112
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delray Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33444 | $165,363 | $228,960 | $309,211 | $521,232 | $921,907 |
| 33445 | $96,900 | $131,618 | $211,956 | $351,588 | $514,307 |
| 33446 | $78,056 | $114,926 | $290,525 | $569,151 | $993,842 |
| 33483 | $250,560 | $372,152 | $605,620 | $1,230,183 | $2,613,386 |
| 33484 | $98,043 | $105,476 | $153,399 | $254,411 | $346,500 |
Source: Ownwell
$1,148
Average Delray Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Delray Beach, Florida
In Delray Beach, Palm Beach County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county's property appraiser. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, the median home price in Delray Beach is $248,765, and depending on various factors, property tax bills can range significantly. The 25th percentile tax bill is around $1,588, while the 75th percentile is approximately $5,960, and the 90th percentile can reach up to $11,656. These variations depend on factors such as property location, exemptions, and improvements. For example, the highest median tax bill in the area is $8,913 in the 33483 zip code, while the lowest is $1,954 in the 33484 zip code. Ownwell can assist homeowners in Delray Beach by appealing inaccurate assessments and identifying eligible exemptions, potentially lowering your property tax bill and ensuring you only pay your fair share.
Average Delray Beach Tax Bill
$2,911
Average Palm Beach County Tax Bill
$3,892
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Delray Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33444 | $1,124 | $2,506 | $4,162 | $6,789 | $12,077 |
| 33445 | $733 | $1,688 | $2,592 | $4,380 | $6,889 |
| 33446 | $727 | $1,450 | $3,251 | $7,219 | $12,652 |
| 33483 | $2,680 | $5,006 | $8,913 | $16,124 | $36,855 |
| 33484 | $630 | $1,198 | $1,954 | $3,023 | $4,738 |
Source: Ownwell
$1,148
Average Delray Beach 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Palm Beach Property Appraiser | |
| Phone | (561) 355-3230 |
| Website | www.pbcgov.org |
| pa-info@pbcgov.org | |
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