Mulberry, Florida Property Taxes
The median property tax rate in Mulberry, FL is 0.92%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $196,202 in Mulberry, the typical annual property tax bill is $1,599, significantly below the national median of $2,690. Property taxes in Mulberry are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mulberry'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 Mulberry 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
Mulberry, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,805
$1,708
$1,148
Average Mulberry, Florida Tax Savings
Ownwell’s Mulberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mulberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mulberry 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 Mulberry. 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 Mulberry, Florida
Property taxes in Mulberry, Florida, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulberry is 0.92%, which is below the U.S. national median of 0.99%. Local government entities within Mulberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulberry 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 Mulberry's effective property tax rate to other areas in Polk County and the national median. For comparison, the zip code 33860 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Mulberry 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 Mulberry Tax Rate
0.92%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mulberry, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33860 | 0.46% | 0.61% | 0.92% | 1.41% | 1.74% |
Source: Ownwell
$1,148
Average Mulberry Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mulberry, Florida
In Mulberry, 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 Mulberry, 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. For instance, the highest median tax bill in Mulberry is $1,599 in the 33860 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 Mulberry Assessed Value
$196,202
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 Mulberry, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33860 | $72,084 | $120,000 | $196,202 | $247,841 | $300,633 |
Source: Ownwell
$1,148
Average Mulberry Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mulberry, Florida
In Mulberry, located in Polk County, FL, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $196,202, homeowners can expect varying tax bills. In Mulberry, the 25th percentile tax bill is around $958, while the 75th percentile is approximately $2,476, and the 90th percentile reaches up to $3,427. These taxes significantly impact homeowners' annual expenses. Ownwell can help homeowners in Mulberry by providing property tax appeal and exemption services, potentially lowering their tax bills. By reviewing property assessments and identifying discrepancies or eligibility for exemptions, Ownwell ensures homeowners only pay their fair share, offering substantial savings and financial relief.
Average Mulberry Tax Bill
$1,599
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulberry, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33860 | $607 | $958 | $1,599 | $2,476 | $3,427 |
Source: Ownwell
$1,148
Average Mulberry 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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