Wellington, Florida Property Taxes
The median property tax rate in Wellington, FL is 1.40%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Wellington, the typical annual property tax bill reaches $6,091, exceeding the national median of $2,690. Property taxes in Wellington 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 Wellington'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 Wellington 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
Wellington, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$6,046
$5,722
$1,148
Average Wellington, Florida Tax Savings
Ownwell’s Wellington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellington 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 Wellington. 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 Wellington, Florida
Property taxes in Wellington, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellington is 1.40%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Wellington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellington 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 Wellington's effective property tax rate to other areas in Palm Beach County and the national median. For comparison, the 33470 zip code has the highest median property tax rate of 1.53%, while the 33467 zip code has the lowest median tax rate of 1.14%. Understanding how these areas compare with Wellington 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 Wellington Tax Rate
1.40%
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 Wellington, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33411 | 1.25% | 1.39% | 1.44% | 1.48% | 1.92% |
| 33414 | 0.86% | 1.03% | 1.41% | 1.88% | 1.99% |
| 33449 | 1.05% | 1.13% | 1.34% | 1.77% | 1.91% |
| 33467 | 0.90% | 0.98% | 1.14% | 1.39% | 1.65% |
| 33470 | 0.56% | 0.80% | 1.53% | 2.02% | 2.11% |
Source: Ownwell
$1,148
Average Wellington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wellington, Florida
In Wellington, 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 Wellington, 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 Wellington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Wellington is $10,264 in the 33470 zip code, while the lowest is $5,930 in the 33414 zip code.
Average Wellington Assessed Value
$431,883
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 Wellington, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33411 | $356,551 | $392,095 | $403,008 | $461,549 | $512,826 |
| 33414 | $264,983 | $343,607 | $421,186 | $544,687 | $747,521 |
| 33449 | $418,947 | $500,274 | $649,146 | $748,078 | $861,938 |
| 33467 | $565,585 | $608,576 | $657,722 | $727,174 | $758,686 |
| 33470 | $641,082 | $700,751 | $759,622 | $871,537 | $924,619 |
Source: Ownwell
$1,148
Average Wellington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wellington, Florida
Property tax bills in Wellington, Palm Beach County, FL are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate. For Wellington, the median home price is $431,883, and property tax bills vary significantly within the city. For example, the 25th percentile tax bill is $4,235, while the 75th percentile reaches $8,464, and the 90th percentile can be as high as $12,072. The highest median tax bill in the area is $10,264, found in the 33470 zip code, while the lowest is $5,930 in the 33414 zip code. Homeowners can feel the pinch of these varying tax bills, especially given that the national median property tax rate is 0.99%. This is where Ownwell steps in to assist. By providing expert property tax appeal and exemption services, Ownwell can help homeowners reduce their assessed property values, thereby lowering their tax bills and offering significant savings.
Average Wellington Tax Bill
$6,091
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 Wellington, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33411 | $4,634 | $5,469 | $5,948 | $7,145 | $7,859 |
| 33414 | $2,964 | $4,106 | $5,930 | $8,204 | $11,769 |
| 33449 | $4,998 | $6,571 | $8,622 | $11,189 | $14,452 |
| 33467 | $5,512 | $6,422 | $7,589 | $9,598 | $11,927 |
| 33470 | $4,116 | $6,639 | $10,264 | $15,460 | $18,575 |
Source: Ownwell
$1,148
Average Wellington 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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