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Loxahatchee, Florida Property Taxes

The median property tax rate in Loxahatchee, FL is 1.43%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Loxahatchee at $402,404, the typical annual property tax bill reaches $5,527, exceeding the national median of $2,690. Property taxes in Loxahatchee are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Loxahatchee'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 Loxahatchee or another part of Palm Beach County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Loxahatchee, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.43%

Estimate Property Tax Bill

$5,754

$5,340

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Loxahatchee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loxahatchee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loxahatchee 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 Loxahatchee. 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 Loxahatchee, Florida

Property taxes in Loxahatchee, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loxahatchee is 1.43%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Loxahatchee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loxahatchee 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 Loxahatchee's effective property tax rate to other counties in Florida and the national median. For comparison, the 33470 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Loxahatchee 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.

Property Tax Rates Across Loxahatchee, Florida

Source: Ownwell

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0.38%

2.03%

3.68%

Average Loxahatchee Tax Rate

1.43%

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 Loxahatchee, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334700.87%0.98%1.43%1.94%2.24%

Source: Ownwell

Property Tax Assessment Values Across Loxahatchee, Florida

In Loxahatchee, 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 Appraisal District 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 Loxahatchee, 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 Loxahatchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,527 in zip code 33470, which is also the lowest median tax bill, indicating a uniformity in tax burdens across the region.

Property Tax Assessment Values Across Loxahatchee, Florida

Source: Ownwell

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$32,527

$1,351,467

$2,670,407

Average Loxahatchee Assessed Value

$402,404

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 Loxahatchee, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33470$215,456$336,060$402,404$491,041$589,205

Source: Ownwell

Property Tax Bills Across Loxahatchee, Florida

In Loxahatchee, Palm Beach County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For example, with a median home price of $402,404, homeowners might see tax bills ranging from $3,702 at the 25th percentile to $9,526 at the 90th percentile. The median tax bill in the 33470 zip code is $5,527, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in Loxahatchee can benefit from Ownwell's property tax appeal and exemption services. Ownwell helps by reviewing property assessments, identifying potential overvaluations, and filing appeals on behalf of homeowners. This can lead to substantial savings, ensuring that homeowners are not overpaying on their property taxes. By leveraging Ownwell's expertise, Loxahatchee residents can potentially reduce their tax burden and keep more money in their pockets.

Property Tax Bills Across Loxahatchee, Florida

Source: Ownwell

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$762

$49,575

$98,388

Average Loxahatchee Tax Bill

$5,527

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 Loxahatchee, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33470$2,786$3,702$5,527$7,637$9,526

Source: Ownwell

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