Land O Lakes, Florida Property Taxes
The median property tax rate in Land O Lakes, FL is 1.39%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $309,041 in Land O Lakes, the typical annual property tax bill reaches $4,032, exceeding the national median of $2,690. Property taxes in Land O Lakes 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 Land O Lakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Land O Lakes 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
Land O Lakes, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$4,296
$3,986
$1,148
Average Tax Savings
Ownwell’s LAND O LAKES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAND O LAKES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAND O LAKES 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 LAND O LAKES. 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 Land O Lakes, Florida
Property taxes in Land O Lakes, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Land O Lakes is 1.39%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Land O Lakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Land O Lakes 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 Land O Lakes' effective property tax rate to other areas in Pasco County and the national median. For comparison, the 34637 zip code has the highest median property tax rate of 1.59%, while the 34639 zip code has the lowest median tax rate of 0.97%. Understanding how these areas compare with Land O Lakes provides valuable insights into the varying tax landscape across Pasco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Land O Lakes Tax Rate
1.39%
Average Pasco County Tax Rate
1.24%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Land O Lakes, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34637 | 1.19% | 1.40% | 1.59% | 1.86% | 2.20% |
| 34638 | 0.75% | 1.06% | 1.48% | 1.78% | 2.09% |
| 34639 | 0.56% | 0.72% | 0.97% | 1.46% | 1.64% |
Source: Ownwell
$1,148
Average Land O Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Land O Lakes, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Land O Lakes, Florida. 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 Pasco 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 Land O Lakes, 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. The median home price in Land O Lakes is $309,041, with tax bills ranging significantly. The highest median tax bill is found in zip code 34637 at $5,102, while the lowest is in zip code 34639 at $2,928. 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 Land O Lakes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Land O Lakes Assessed Value
$309,041
Average Pasco County Assessed Value
$211,605
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Land O Lakes, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34637 | $169,643 | $251,331 | $316,106 | $413,694 | $511,481 |
| 34638 | $205,996 | $262,921 | $318,290 | $398,447 | $489,347 |
| 34639 | $181,372 | $247,504 | $296,294 | $367,656 | $444,675 |
Source: Ownwell
$1,148
Average Land O Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Land O Lakes, Florida
In Land O Lakes, Pasco County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate. With the national median property tax rate at 0.99%, homeowners in Land O Lakes experience varying tax bills. For instance, the median home price in the area is $309,041. Tax bills can range from the 25th percentile at $2,526 to the 75th percentile at $5,674, and even up to the 90th percentile at $7,195. The highest median tax bill recorded in the area is $5,102 in zip code 34637, while the lowest is $2,928 in zip code 34639. Homeowners in Land O Lakes can significantly benefit from Ownwell's property tax appeal and exemption services. By leveraging expert knowledge and local market insights, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills and ensuring they pay only their fair share.
Average Land O Lakes Tax Bill
$4,032
Average Pasco County Tax Bill
$2,147
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Land O Lakes, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34637 | $2,339 | $3,885 | $5,102 | $6,585 | $8,286 |
| 34638 | $1,885 | $3,104 | $4,586 | $6,158 | $7,635 |
| 34639 | $1,327 | $1,945 | $2,928 | $4,279 | $5,702 |
Source: Ownwell
$1,148
Average Land O Lakes 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Pasco Property Appraiser | |
| Website | search.pascopa.com |
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