Sumter County Property Taxes
The median property tax rate in Sumter County is 1.08%, which is slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Sumter County being $280,650, the typical annual property tax bill amounts to $3,060, surpassing the national median of $2,690. Property taxes in Sumter County are determined based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sumter County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in The Villages or another part of Sumter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sumter County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,031
$2,868
Ownwell’s Sumter County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sumter County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sumter County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sumter County, Florida
Property taxes in Sumter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sumter County is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Sumter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sumter County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sumter County's effective property tax rate with other areas in Florida and the national median. For comparison, the city of The Villages has one of the higher property tax rates in Florida at 1.11%, while the city of Fruitland Park boasts one of the lowest at 0.48%. Analyzing how Sumter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sumter County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumter County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bushnell | 0.40% | 0.53% | 0.78% | 1.21% | 1.52% |
| Center Hill | 0.40% | 0.57% | 0.84% | 1.41% | 1.76% |
| Coleman | 0.40% | 0.53% | 0.88% | 1.52% | 1.76% |
| Fruitland Park | 0.33% | 0.37% | 0.48% | 0.63% | 0.79% |
| Lady Lake | 0.57% | 0.65% | 0.79% | 1.11% | 1.18% |
| Lake Panasoffkee | 0.41% | 0.54% | 0.86% | 1.29% | 1.55% |
| Oxford | 0.52% | 0.81% | 1.04% | 1.30% | 1.40% |
| Sumterville | 0.39% | 0.51% | 0.79% | 1.13% | 1.32% |
| The Villages | 0.68% | 0.83% | 1.11% | 1.42% | 1.77% |
| Webster | 0.42% | 0.55% | 0.88% | 1.37% | 1.62% |
| Wildwood | 0.40% | 0.52% | 0.95% | 1.29% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Sumter County, Florida
In Sumter County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sumter County Appraisal District. The assessed value, however, 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. Assessment notices in Sumter County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Sumter County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, The Villages has the highest median tax bill at $3,834, while Webster has the lowest at $498.
Average Sumter County Assessed Value
$280,650
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sumter County, Florida
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bushnell | $25,650 | $48,995 | $97,150 | $154,635 | $214,084 |
| Center Hill | $25,795 | $48,698 | $79,635 | $127,762 | $184,790 |
| Coleman | $20,620 | $37,505 | $70,560 | $103,005 | $160,800 |
| Fruitland Park | $68,213 | $116,108 | $161,060 | $180,198 | $246,246 |
| Lady Lake | $168,750 | $215,132 | $249,590 | $315,722 | $396,387 |
| Lake Panasoffkee | $21,131 | $31,865 | $68,115 | $127,585 | $178,156 |
| Oxford | $83,086 | $141,145 | $209,400 | $261,645 | $330,780 |
| Sumterville | $33,429 | $63,940 | $128,975 | $201,755 | $260,300 |
| The Villages | $206,290 | $251,095 | $322,900 | $425,065 | $541,900 |
| Webster | $20,266 | $33,805 | $67,550 | $114,120 | $176,222 |
| Wildwood | $26,776 | $54,162 | $79,645 | $148,070 | $240,779 |
Source: Ownwell
Property Tax Bills Across Sumter County, Florida
In Sumter County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value typically reflects a percentage of the property’s market value. Homeowners in Sumter County experience varying tax bills, with the median home price at $280,650. The property tax rate in this county influences the final bill, which can range significantly. At the 25th percentile, homeowners might see tax bills around $1,753, while those at the 75th percentile could pay up to $4,560. For the top 10% of property values, tax bills can soar to $6,242. Comparing within the county, the highest median tax bill is found in The Villages at $3,834, whereas Webster has the lowest at $498. These variations impact homeowners differently, with higher-valued properties incurring more substantial tax bills. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Sumter County Tax Bill
$3,060
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumter County, Florida
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bushnell | $217 | $399 | $685 | $1,251 | $1,869 |
| Center Hill | $228 | $409 | $645 | $1,072 | $1,629 |
| Coleman | $166 | $353 | $542 | $968 | $1,442 |
| Fruitland Park | $390 | $481 | $645 | $965 | $1,322 |
| Lady Lake | $1,026 | $1,569 | $2,151 | $2,744 | $3,446 |
| Lake Panasoffkee | $151 | $330 | $505 | $901 | $1,466 |
| Oxford | $504 | $1,208 | $2,097 | $2,901 | $3,565 |
| Sumterville | $286 | $474 | $818 | $1,526 | $2,269 |
| The Villages | $1,998 | $2,744 | $3,834 | $5,189 | $6,852 |
| Webster | $124 | $332 | $498 | $946 | $1,428 |
| Wildwood | $239 | $387 | $681 | $1,304 | $2,522 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Sumter Property Appraiser | |
| Website | qpublic.schneidercorp.com |