Port Richey, Florida Property Taxes
The median property tax rate in Port Richey, FL is 1.11%, 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 $156,104, the typical annual property tax bill in Port Richey amounts to $1,477, which is below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. By understanding Port Richey's property tax system and exploring available exemptions, homeowners and real estate investors can identify opportunities for significant annual savings. Whether you're in the heart of Port Richey or another part of the city, being well-informed about the local property tax system is essential for maximizing your financial benefits.
Last Updated June 14, 2024
Port Richey, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,733
$1,608
$1,148
Average Tax Savings
Ownwell’s Port Richey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Richey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 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 Port Richey, Florida
Property taxes in Port Richey, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Richey is 1.11%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Port Richey set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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. The data below compares Port Richey's effective property tax rate to other counties in Florida and the national median. For comparison, the 34668 zip code has the highest median property tax rate of 1.11%, while the 34668 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with 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 Port Richey Tax Rate
1.11%
Average Pasco County Tax Rate
1.24%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34668 | 0.37% | 0.48% | 1.11% | 1.47% | 1.72% |
Source: Ownwell
$1,148
Average Port Richey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Port Richey, Florida
In 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 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 median home price in Port Richey is $156,104, with tax bills ranging from $710 at the 25th percentile to $2,873 at the 90th percentile. The highest and lowest median tax bills are both $1,477 in the 34668 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Richey Assessed Value
$156,104
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 Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34668 | $94,741 | $122,832 | $156,104 | $187,471 | $223,517 |
Source: Ownwell
$1,148
Average Port Richey Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Port Richey, Florida
In Port Richey, 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 to calculate the annual tax bill. For homeowners in Port Richey, the median home price stands at $156,104. Property tax bills can vary significantly, with the 25th percentile at $710 and the 75th percentile reaching $2,183, while the 90th percentile can go up to $2,873. The highest and lowest median tax bills in the area are both $1,477, indicating a uniform tax rate within the same zip code. Factors such as property improvements, market conditions, and local tax policies influence the assessed value. High property taxes can be a burden for homeowners, impacting their financial well-being. Ownwell helps homeowners by offering property tax appeal and exemption services, ensuring that their property is assessed fairly. By leveraging expertise and local knowledge, Ownwell can help reduce tax bills, providing significant savings and peace of mind.
Average Port Richey Tax Bill
$1,477
Average Pasco County Tax Bill
$2,147
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Richey, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34668 | $541 | $710 | $1,477 | $2,183 | $2,873 |
Source: Ownwell
$1,148
Average 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 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Pasco Property Appraiser | |
| Website | search.pascopa.com |
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