Coleman, Sumter County, Florida Property Taxes
- Median Coleman, FL effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
- Median Coleman, FL home value: $70,560
- Median annual Coleman, FL tax bill: $542, $1,858 lower than the national median property tax bill of $2,400.
How are property taxes in Sumter County calculated?
Property taxes in Coleman, 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 Coleman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coleman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coleman, Sumter County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$621
$576
Property Tax Rates Across Coleman, Sumter County, Florida
Local government entities establish tax rates, which can differ significantly within a state. This variation occurs because each county annually assesses its budgetary needs for services and divides this by the total value of all taxable properties within its borders, resulting in the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Coleman, located in Sumter County, the effective property tax rate reflects these local considerations. When compared to other cities in Florida, Coleman's rate offers insight into the state's property tax landscape. Florida's median property tax rate stands at 0.88%, which is lower than the national median of 1.02%. This difference highlights Florida's relatively favorable property tax environment. Understanding these rates can help property owners anticipate their tax obligations and make informed financial decisions.
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 Coleman Tax Rate
0.88%
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 Sumter County Tax Rate
1.08%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coleman, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33521 | 0.40% | 0.53% | 0.88% | 1.52% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Sumter County, Florida
When examining property taxes in Coleman, Florida, 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 Sumter 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.
In Sumter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Coleman. For example, the median home price in Coleman is $70,560, with tax bills ranging significantly across the county. Zip code 33521 has the highest median home price at $70,560.
Property Tax Assessment Values Across Coleman, Sumter County, Florida
Source: Ownwell
$67,550
$213,670
$359,790
Median Coleman Market Value
$70,560
Median Sumter County Market Value
$280,650
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coleman, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33521 | $20,620 | $37,505 | $70,560 | $103,005 | $160,800 |
Source: Ownwell
Property Tax Bills Across Coleman, Sumter County, Florida
Median Coleman Tax Bill
$542
Median Sumter County Tax Bill
$3,060
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Coleman, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33521 | $166 | $353 | $542 | $968 | $1,442 |
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 |