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Mangonia Park, Florida Property Taxes

The median property tax rate in Mangonia Park, FL is 1.94%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Mangonia Park at $75,260, the typical annual property tax bill reaches $1,678, exceeding the national median of $2,690. Property taxes in Mangonia Park 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 Mangonia Park'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 Mangonia Park 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

Mangonia Park, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.94%

Estimate Property Tax Bill

$1,460

$1,355

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Mangonia Park, FL, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mangonia Park is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mangonia Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mangonia Park 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 Mangonia Park's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the zip code 33407 has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Mangonia Park 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 Mangonia Park, Florida

Source: Ownwell

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0.38%

2.03%

3.68%

Average Mangonia Park Tax Rate

1.94%

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 Mangonia Park, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
334070.35%1.52%1.94%2.46%2.47%

Source: Ownwell

Property Tax Assessment Values Across Mangonia Park, Florida

In Mangonia Park, 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. Assessment notices in Mangonia Park 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. For instance, the highest median tax bill in Mangonia Park is $1,678 in the 33407 zip code, while the lowest median tax bill is also $1,678 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Mangonia Park, Florida

Source: Ownwell

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$32,527

$1,351,467

$2,670,407

Average Mangonia Park Assessed Value

$75,260

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 Mangonia Park, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33407$59,555$69,960$75,260$159,527$240,259

Source: Ownwell

Property Tax Bills Across Mangonia Park, Florida

In Mangonia Park, Palm Beach County, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For instance, homeowners in Mangonia Park can expect tax bills ranging from $1,130 at the 25th percentile to $3,031 at the 90th percentile, with the median home price being $75,260. With the national median property tax rate at 0.99%, the local tax rates and assessed values can significantly affect homeowners. Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By identifying discrepancies in assessments and ensuring all eligible exemptions are applied, Ownwell can potentially reduce the overall tax burden, offering peace of mind and financial relief to homeowners.

Property Tax Bills Across Mangonia Park, Florida

Source: Ownwell

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$762

$49,575

$98,388

Average Mangonia Park Tax Bill

$1,678

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 Mangonia Park, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33407$660$1,130$1,678$1,852$3,031

Source: Ownwell

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