Eaton Park, Florida Property Taxes
The median property tax rate in Eaton Park, 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 $105,309, the typical annual property tax bill in Eaton Park is around $1,250, which is below the national median of $2,690. Property taxes in Eaton Park are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Eaton Park's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eaton Park or another part of Polk County, grasping the local property tax intricacies will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eaton Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,464
$1,358
$1,148
Average Tax Savings
Ownwell’s Eaton Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eaton Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eaton 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 Eaton 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 Eaton Park, Florida
Property taxes in Eaton Park, Florida, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Eaton Park is 0.79%, lower than both the Florida state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Eaton Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eaton 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 Eaton Park's effective property tax rate to other counties in Florida and the national median. For comparison, the 33840 zip code has the highest median property tax rate of 0.79%, while the 33840 zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Eaton Park provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eaton Park Tax Rate
1.39%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eaton Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33840 | 0.40% | 0.80% | 1.39% | 1.76% | 2.27% |
Source: Ownwell
$1,148
Average Eaton Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Eaton Park, Florida
In Eaton 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 Polk 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 Eaton Park, 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 Eaton Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eaton Park is $105,309, with tax bills ranging from $654 at the 25th percentile to $2,420 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 33840, with a median tax bill of $1,250.
Average Eaton Park Assessed Value
$105,309
Average Polk County Assessed Value
$203,226
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eaton Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33840 | $39,208 | $65,334 | $105,309 | $167,585 | $199,114 |
Source: Ownwell
$1,148
Average Eaton Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Eaton Park, Florida
In Eaton Park, Polk County, FL, property tax bills are calculated based on the assessed value of your property. The county assessor determines this value, which is then multiplied by the local tax rate to generate your tax bill. For homeowners in Eaton Park, the property tax bill can vary significantly, with the 25th percentile at $654 and the 90th percentile reaching up to $2,420. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Eaton Park's property tax rates can offer some relief, but they still represent a significant expense for homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to substantial savings, potentially lowering your tax bill and making homeownership more affordable. Let Ownwell's expertise guide you in reducing your property tax burden.
Average Eaton Park Tax Bill
$1,250
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Eaton Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33840 | $458 | $654 | $1,250 | $1,701 | $2,420 |
Source: Ownwell
$1,148
Average Eaton Park 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 | |
|---|---|
| Polk Property Appraiser | |
| Website | www.polkpa.org |
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