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Forest City, Seminole County, Florida Property Taxes

  • Median Forest City, FL effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Forest City, FL home value: $303,408

  • Median annual Forest City, FL tax bill: $2,752, $352 higher than the national median property tax bill of $2,400.

How are property taxes in Seminole calculated?

Property taxes in Forest City, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Forest City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forest City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Forest City, Seminole County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$2,609

$2,421

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Forest City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forest City with just two data points. By entering your property's estimated assessed value, our calculator applies Forest City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Seminole County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Forest City, Seminole County, Florida

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Forest City in Seminole County, Florida, has an effective property tax rate that aligns with the highest and lowest median tax rates in the area, both standing at 0.86%. This rate is notably lower than the national median property tax rate of 1.02%. The median property tax bill in Florida is also typically lower than the national median of $2400, making it a more affordable option for homeowners. This comparison highlights the relative affordability of property taxes in Forest City compared to other regions in the United States. Understanding these differences can help homeowners make informed decisions about their property investments and manage their expenses effectively.

Property Tax Rates Across Forest City, Seminole County, Florida

Source: Ownwell

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0.75%

0.88%

1.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Forest City Tax Rate

0.86%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Seminole County Tax Rate

0.89%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Forest City, Seminole County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
327030.40%0.53%0.86%1.22%1.42%

Source: Ownwell

Property Tax Assessment Values Across Forest City, Seminole County, Florida

When examining property taxes in Forest City, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Seminole County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Seminole County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Forest City. For example, the median home price in Forest City is $303,408, with tax bills ranging significantly across the county. Zip code 32703 has the highest median home price at $303,408.

Property Tax Assessment Values Across Forest City, Seminole County, Florida

Source: Ownwell

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$244,953

$370,686

$496,419

Median Forest City Market Value

$303,408

Median Seminole County Market Value

$327,533

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Forest City, Seminole County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32703$183,396$228,804$303,408$463,644$638,940

Source: Ownwell

Property Tax Bills Across Forest City, Seminole County, Florida

In Forest City, Seminole County, FL, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. For homeowners in Forest City, the property tax bill varies significantly, with the 25th percentile at $1,587 and the 75th percentile reaching $4,622. This range reflects the diversity in property values and the impact of local tax rates. The median tax bill in the region is $2,752, which is above the national median of $2,400, indicating a relatively higher tax burden for residents. Homeowners in Forest City can benefit from understanding these factors and seeking ways to reduce their tax liabilities. Ownwell specializes in property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair and equitable.

Property Tax Bills Across Forest City, Seminole County, Florida

Source: Ownwell

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$2,020

$3,393

$4,766

Median Forest City Tax Bill

$2,752

Median Seminole County Tax Bill

$2,968

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Forest City, Seminole County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32703$870$1,587$2,752$4,622$7,168

Source: Ownwell

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