Bushnell, Florida Property Taxes
The median property tax rate in Bushnell, FL is 0.78%, which is significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $97,150 in Bushnell, the typical annual property tax bill amounts to $685, well below the national median of $2,690. Property taxes in Bushnell are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bushnell'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 Bushnell 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
Bushnell, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$758
$717
Ownwell’s Bushnell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bushnell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bushnell 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 Bushnell, Florida
Property taxes in Bushnell, Florida, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Bushnell is 0.78%, which is below both the Florida state median and the U.S. national median of 0.99%. Local government entities within Bushnell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bushnell 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 Bushnell's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33513 has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Bushnell provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bushnell Tax Rate
0.78%
Average Sumter County Tax Rate
1.08%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bushnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33513 | 0.40% | 0.53% | 0.78% | 1.21% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Bushnell, Florida
In Bushnell, 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 Sumter 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. Assessment notices in Bushnell 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 Bushnell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 33513 has the highest and lowest median tax bill of $685.
Average Bushnell Assessed Value
$97,150
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 Bushnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33513 | $25,650 | $48,995 | $97,150 | $154,635 | $214,084 |
Source: Ownwell
Property Tax Bills Across Bushnell, Florida
In Bushnell, located in Sumter County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once assessed, the local tax rate is applied to determine the annual property tax bill. The median home price in Bushnell is $97,150, and property tax bills can vary significantly. For instance, at the 25th percentile, homeowners might pay around $399 annually, while those at the 75th percentile could see bills of approximately $1,251. At the 90th percentile, property tax bills can reach up to $1,869. The highest and lowest median tax bills in the area are both $685, indicating some consistency across different zip codes. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for Bushnell residents. Comparing this to the national median property tax rate of 0.99%, Bushnell’s rates offer a relatively moderate burden for homeowners.
Average Bushnell Tax Bill
$685
Average Sumter County Tax Bill
$3,060
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Bushnell, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33513 | $217 | $399 | $685 | $1,251 | $1,869 |
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 |