Interlachen, Florida Property Taxes
The median property tax rate in Interlachen, FL is 1.35%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Interlachen, the typical annual property tax bill reaches $726, which is lower than the national median of $2,690. Property taxes in Interlachen 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 Interlachen'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 Interlachen 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
Interlachen, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$852
$806
Ownwell’s INTERLACHEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INTERLACHEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INTERLACHEN to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Interlachen, Florida
Property taxes in Interlachen, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Interlachen is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Interlachen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Interlachen 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 Interlachen's effective property tax rate to other counties in Florida and the national median. For comparison, the 32148 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Interlachen provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Interlachen Tax Rate
1.35%
Average Putnam County Tax Rate
1.17%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Interlachen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32148 | 0.56% | 0.72% | 1.35% | 1.95% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Interlachen, Florida
In Interlachen, 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 Putnam 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 Interlachen, 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 Interlachen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Interlachen are both $726.00, found in the 32148 zip code.
Average Interlachen Assessed Value
$63,100
Average Putnam County Assessed Value
$96,560
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Interlachen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32148 | $14,020 | $34,800 | $63,100 | $115,920 | $186,480 |
Source: Ownwell
Property Tax Bills Across Interlachen, Florida
Property tax bills in Interlachen, Putnam County, FL are determined by assessing the value of a property and applying the local tax rate. The median home price in Interlachen is $63,100, which serves as the basis for calculating the tax bill. The assessed value is then multiplied by the local tax rate to determine the annual property tax owed. Several factors influence this calculation, including property size, location, and any applicable exemptions. For homeowners, this means that their annual tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $373, while at the 75th percentile, it rises to $1200. At the 90th percentile, homeowners could see tax bills as high as $2072. The highest and lowest median tax bills in the area are both $726, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, Interlachen's tax rates offer an affordable option for homeowners.
Average Interlachen Tax Bill
$726
Average Putnam County Tax Bill
$977
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Interlachen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32148 | $259 | $373 | $726 | $1,200 | $2,072 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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