Highland City, Florida Property Taxes
The median property tax rate in Highland City, FL is 1.22%, which is notably higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $117,021 in Highland City, the typical annual property tax bill amounts to $1,009, falling below the national median of $2,690. Property taxes in Highland City are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highland City'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 Highland City 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
Highland City, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,428
$1,350
$1,148
Average Highland City, Florida Tax Savings
Ownwell’s Highland City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland City 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 Highland City. 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 Highland City, Florida
Property taxes in Highland City, Florida, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland City is 1.22%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Highland City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland City 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 Highland City's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33846 has both the highest and lowest median property tax rate of 1.22%. Understanding how these cities compare with Highland City 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 Highland City Tax Rate
1.22%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33846 | 0.46% | 0.68% | 1.22% | 1.59% | 2.00% |
Source: Ownwell
$1,148
Average Highland City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Highland City, Florida
In Highland City, 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 Appraisal District 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 Highland City, 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 Highland City is $117,021, with tax bills ranging from $676 at the 25th percentile to $2,607 at the 90th percentile. The highest and lowest median tax bills are both $1,009, in zip code 33846. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Highland City Assessed Value
$117,021
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 Highland City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33846 | $40,999 | $61,419 | $117,021 | $171,376 | $236,272 |
Source: Ownwell
$1,148
Average Highland City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Highland City, Florida
In Highland City, Polk County, FL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $117,021, homeowners might see tax bills ranging from $676 at the 25th percentile to $2,607 at the 90th percentile. This variability is influenced by factors such as property improvements, neighborhood changes, and local levies. High property taxes can significantly impact homeowners, making it crucial to ensure that your property is assessed fairly. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell can assist you in challenging an unfair assessment, potentially lowering your tax bill. With Ownwell's expertise, homeowners in Highland City can navigate the complexities of property tax assessments and save money, ensuring they only pay their fair share.
Average Highland City Tax Bill
$1,009
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33846 | $482 | $676 | $1,009 | $1,785 | $2,607 |
Source: Ownwell
$1,148
Average Highland City 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 10 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Polk Property Appraiser | |
| Website | www.polkpa.org |
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