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Lake Worth, Palm Beach County, Florida Property Taxes

  • Median LAKE WORTH, FL effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median LAKE WORTH, FL home value: $321,821

  • Median annual LAKE WORTH, FL tax bill: $3,743, $1,343 higher than the national median property tax bill of $2,400.

How are property taxes in Palm Beach calculated?

Property taxes in LAKE WORTH, 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 LAKE WORTH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKE WORTH, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Worth, Palm Beach County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$3,862

$3,584

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Worth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Worth with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Worth’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 more 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 Palm Beach County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Worth, Palm Beach County, Florida

Local government entities in Florida set property tax rates, which can vary significantly across the state. Each year, counties like Palm Beach determine their budget needs to provide essential services and divide this by the total value of all taxable property within their borders. This process results in the property tax rate for the area. While tax rates and budgets involve votes and legal considerations, this is the core of the annual procedure.

In Lake Worth, located in Palm Beach County, property tax rates are a key consideration for homeowners. Lake Worth's effective property tax rate can be compared to other cities in Florida, as well as the state and national medians. Florida's median property tax rate stands above the national median, reflecting the state's diverse economic landscape. However, within Palm Beach County, Lake Worth's rates are relatively moderate compared to the highest and lowest rates in the area. Understanding these variations can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Lake Worth, Palm Beach County, Florida

Source: Ownwell

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1.01%

1.70%

2.38%

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 Lake Worth Tax Rate

1.20%

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 Palm Beach County Tax Rate

1.34%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Worth, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334490.81%0.96%1.18%1.58%1.74%
33460N/AN/AN/AN/AN/A
334610.46%0.65%1.41%1.78%1.99%
334620.59%0.76%1.22%1.70%1.91%
334630.54%0.81%1.21%1.62%1.78%
334670.59%0.81%1.18%1.62%1.79%

Source: Ownwell

Property Tax Assessment Values Across Lake Worth, Palm Beach County, Florida

When examining property taxes in LAKE WORTH, FL, 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 Palm Beach County appraisal district 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. Assessment notices: In Palm Beach County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 LAKE WORTH. For example, the median home price in LAKE WORTH is $321,821, with tax bills ranging significantly across the county. Zip code 33449 has the highest median home price at $374,864.

Property Tax Assessment Values Across Lake Worth, Palm Beach County, Florida

Source: Ownwell

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$75,260

$500,314

$925,368

Median Lake Worth Market Value

$321,821

Median Palm Beach County Market Value

$316,112

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Worth, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33449$196,973$290,678$374,864$525,134$765,608
33460N/AN/AN/AN/AN/A
33461$68,795$178,630$250,776$304,491$357,766
33462$208,008$252,658$312,654$424,396$618,038
33463$204,728$265,751$309,908$407,597$478,652
33467$109,080$176,550$359,088$442,149$531,292

Source: Ownwell

Property Tax Bills Across Lake Worth, Palm Beach County, Florida

In Lake Worth, Palm Beach County, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor and reflects the market value of the property. The tax rate, which is applied to the assessed value, varies within the county. Homeowners in Lake Worth face a median property tax bill significantly higher than the national median of $2,400, with bills ranging from $2,018 at the 25th percentile to $7,061 at the 90th percentile. The highest median tax bill in the area is $4,716, found in the 33449 zip code, while the lowest is $2,672 in the 33461 zip code. These figures highlight the considerable variation in property tax burdens across the city. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax burdens. By analyzing property assessments and ensuring accurate valuations, Ownwell helps homeowners in Lake Worth save money and reduce their property tax bills.

Property Tax Bills Across Lake Worth, Palm Beach County, Florida

Source: Ownwell

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$939

$6,170

$11,401

Median Lake Worth Tax Bill

$3,743

Median Palm Beach County Tax Bill

$3,892

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Worth, Palm Beach County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33449$2,028$3,144$4,716$6,460$9,228
33460N/AN/AN/AN/AN/A
33461$909$1,355$2,672$4,323$5,722
33462$1,519$2,354$3,884$5,849$8,416
33463$1,505$2,384$3,834$5,158$6,666
33467$982$1,997$3,851$5,632$7,125

Source: Ownwell

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