New Port Richey, Florida Property Taxes
The median property tax rate in New Port Richey, FL is 1.03%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $183,363 in New Port Richey, the typical annual property tax bill amounts to $1,801, which is below the national median of $2,690. Property taxes in New Port Richey are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding New Port Richey'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 New Port Richey 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
New Port Richey, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,889
$1,787
$1,148
Average New Port Richey, Florida Tax Savings
Ownwell’s New Port Richey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Port Richey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Port Richey 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 New Port Richey. 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 New Port Richey, Florida
Property taxes in New Port Richey, Florida, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in New Port Richey is 1.03%, slightly higher than the U.S. national median of 0.99%. Local government entities within New Port Richey set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Port Richey 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. For comparison, the 34652 zip code has the highest median property tax rate of 1.24%, while the 34655 zip code has the lowest median tax rate of 0.95%. Understanding how these areas compare with New Port Richey 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 New Port Richey Tax Rate
1.03%
Average Pasco County Tax Rate
1.24%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34652 | 0.43% | 0.68% | 1.24% | 1.58% | 1.94% |
| 34653 | 0.42% | 0.57% | 1.01% | 1.58% | 2.08% |
| 34654 | 0.48% | 0.64% | 0.97% | 1.49% | 1.88% |
| 34655 | 0.50% | 0.67% | 0.95% | 1.45% | 1.64% |
Source: Ownwell
$1,148
Average New Port Richey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across New Port Richey, Florida
In New Port Richey, 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 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 New Port Richey, 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. The zip code with the highest median tax bill is 34655 at $2,237, while the lowest is 34653 at $1,534. Being aware of these valuation processes in New Port Richey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Port Richey, Florida
Source: Ownwell
$74,781
$272,032
$469,282
Average New Port Richey Assessed Value
$183,363
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 New Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34652 | $60,465 | $99,037 | $143,593 | $228,646 | $478,991 |
| 34653 | $68,776 | $116,035 | $169,630 | $226,901 | $266,686 |
| 34654 | $39,171 | $74,852 | $211,331 | $297,702 | $399,080 |
| 34655 | $120,744 | $163,724 | $253,694 | $323,546 | $426,141 |
Source: Ownwell
$1,148
Average New Port Richey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across New Port Richey, Florida
In New Port Richey, Pasco County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the market value, which is influenced by factors such as location, property size, and market trends. For instance, with a median home price of $183,363, homeowners can expect varying tax bills. The 25th percentile tax bill is around $921, while the 75th percentile reaches up to $2,952, and the 90th percentile can be as high as $4,546. Comparatively, the national median property tax rate is 0.99%, making New Port Richey's rates relatively moderate. Homeowners in the highest median tax bill zip code, 34655, face an average of $2,237, while those in the 34653 zip code pay around $1,534. Ownwell steps in to help homeowners potentially save on these bills by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can ensure their property is fairly assessed, leading to possible reductions in their tax obligations.
Average New Port Richey Tax Bill
$1,801
Average Pasco County Tax Bill
$2,147
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across New Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34652 | $501 | $824 | $1,637 | $2,764 | $5,066 |
| 34653 | $594 | $872 | $1,534 | $2,486 | $3,543 |
| 34654 | $410 | $760 | $1,709 | $3,072 | $4,495 |
| 34655 | $727 | $1,473 | $2,237 | $3,537 | $4,976 |
Source: Ownwell
$1,148
Average New Port Richey 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 | |
|---|---|
| Pasco Property Appraiser | |
| Website | search.pascopa.com |
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