Fruitland Park, Sumter County, Florida Property Taxes

Local government entities set tax rates, which can vary widely within a state. This is because annually, 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. Below, you can compare Fruitland Park’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Fruitland Park, situated in Sumter County, Florida, has a median property tax rate of 0.48%. This is significantly lower than the national median property tax rate of 1.02%, offering substantial savings for property owners. When compared to other regions in Florida, Fruitland Park's rate is consistent, reflecting the county's balanced approach to budgeting and taxation. For residents, this means more manageable property tax bills, providing an attractive proposition for living in this community. With the national median property tax bill at $2400, homeowners in Fruitland Park can appreciate the financial relief that comes with a lower tax rate.

In Fruitland Park, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and reflects the market value of the home. Homeowners in Fruitland Park, located in Sumter County, experience a median property tax bill of $645, significantly below the national median of $2,400. This lower tax bill is due to the relatively modest median home price in the area, which stands at $161,060. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For homeowners, these taxes represent a necessary expense that can impact their overall financial planning.

Ownwell offers a valuable service to homeowners in Fruitland Park by assisting with property tax appeals and exemptions. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies potential savings opportunities. This expert guidance can result in reduced property tax bills, providing financial relief and peace of mind. Homeowners can trust Ownwell to navigate the complexities of property tax assessments and ensure fair taxation.