Greenacres, Florida Property Taxes
The median property tax rate in Greenacres, FL is 1.42%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Greenacres, the typical annual property tax bill reaches $2,547, slightly below the national median of $2,690. Property taxes in Greenacres 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 Greenacres' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenacres 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
Greenacres, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$2,791
$2,642
$1,148
Average Greenacres, Florida Tax Savings
Ownwell’s Greenacres Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenacres with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenacres 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 Greenacres. 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 Palm Beach County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greenacres, Florida
Property taxes in Greenacres, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenacres is 1.42%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Greenacres set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenacres 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 Greenacres' effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the 33415 zip code has the highest median property tax rate of 1.61%, while the 33467 zip code has the lowest median tax rate of 1.08%. Understanding how these areas compare with Greenacres 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 Greenacres Tax Rate
1.42%
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 Greenacres, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33413 | 0.71% | 0.79% | 1.20% | 1.74% | 1.95% |
| 33415 | 0.45% | 0.92% | 1.61% | 1.96% | 2.09% |
| 33463 | 0.42% | 0.82% | 1.46% | 1.93% | 2.05% |
| 33467 | 0.57% | 0.65% | 1.08% | 1.98% | 2.05% |
Source: Ownwell
$1,148
Average Greenacres Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Greenacres, Florida
In Greenacres, 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 Greenacres, 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 Greenacres helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Greenacres is $3,595 in zip code 33413, while the lowest median tax bill is $2,042 in zip code 33467.
Average Greenacres Assessed Value
$196,573
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 Greenacres, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33413 | $225,770 | $290,291 | $333,718 | $367,261 | $399,595 |
| 33415 | $114,800 | $145,220 | $150,810 | $196,769 | $241,820 |
| 33463 | $101,580 | $107,999 | $195,831 | $260,515 | $336,436 |
| 33467 | $128,520 | $141,480 | $154,440 | $205,200 | $298,697 |
Source: Ownwell
$1,148
Average Greenacres Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Greenacres, Florida
In Greenacres, Palm Beach 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 and is often a percentage of the market value. The median home price in Greenacres is $196,573, and the local property tax rate is applied to this value to determine the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Greenacres face tax bills ranging from $1,647 at the 25th percentile to $5,135 at the 90th percentile, with a median tax bill of $3,595 in the highest-taxed zip code, 33413. Ownwell can help homeowners in Greenacres save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies or potential exemptions, Ownwell can potentially lower your tax liability, ensuring you're not overpaying on your property taxes.
Average Greenacres Tax Bill
$2,547
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 Greenacres, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33413 | $2,216 | $2,618 | $3,595 | $5,012 | $6,440 |
| 33415 | $807 | $1,575 | $2,439 | $3,068 | $3,769 |
| 33463 | $811 | $1,426 | $2,374 | $3,723 | $5,056 |
| 33467 | $842 | $1,052 | $2,042 | $2,982 | $3,914 |
Source: Ownwell
$1,148
Average Greenacres 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 16 |
| 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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