Poinciana, Florida Property Taxes
The median property tax rate in Poinciana, FL is 1.50%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Poinciana, the typical annual property tax bill reaches $628, which is significantly lower than the national median of $2,690. Property taxes in Poinciana are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Poinciana'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 Poinciana 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
Poinciana, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$495
$468
$1,148
Average Poinciana, Florida Tax Savings
Ownwell’s Poinciana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poinciana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poinciana 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 Poinciana. 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 Poinciana, Florida
Property taxes in Poinciana, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poinciana is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Poinciana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poinciana 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 Poinciana's effective property tax rate to other counties in Florida and the national median. For comparison, the 34759 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these areas compare with Poinciana 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 Poinciana Tax Rate
1.50%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poinciana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34759 | 0.80% | 1.33% | 1.50% | 1.55% | 1.92% |
Source: Ownwell
$1,148
Average Poinciana Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Poinciana, Florida
In Poinciana, 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 Poinciana, 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 Poinciana is $33,000, with tax bills ranging from $426 at the 25th percentile to $3,582 at the 90th percentile. The zip code with the highest and lowest median tax bill is 34759, both at $628. 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 Poinciana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poinciana Assessed Value
$33,000
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 Poinciana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34759 | $28,000 | $30,000 | $33,000 | $208,352 | $236,092 |
Source: Ownwell
$1,148
Average Poinciana Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Poinciana, Florida
In Poinciana, Polk County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate. The tax rate in Polk County is lower than the national median of 0.99%. Various factors, including the property's location, size, and improvements, influence the assessed value. Homeowners in Poinciana can expect tax bills ranging from $426 at the 25th percentile to $3,582 at the 90th percentile, with a median tax bill of $628 in the 34759 ZIP code. Property taxes can significantly impact homeowners, especially if the assessed value is higher than expected. This is where Ownwell comes in. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps homeowners appeal their property assessments and apply for exemptions, potentially reducing their tax bills. With Ownwell's assistance, homeowners can save money and ensure they are not overpaying on their property taxes.
Average Poinciana Tax Bill
$628
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Poinciana, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34759 | $251 | $426 | $628 | $3,139 | $3,582 |
Source: Ownwell
$1,148
Average Poinciana 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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