Lady Lake, Sumter County, Florida Property Taxes

Name: Property Tax Bills Across Lady Lake, Sumter County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lady Lake, FL effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Lady Lake, FL home value: $249,590
Median annual Lady Lake, FL tax bill: $2,151, $249 lower than the national median property tax bill of $2,400.

How are property taxes in Sumter calculated?

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

Last Updated March 1, 2025

Lady Lake, Sumter County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,972

$1,830

Ownwell’s Lady Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lady Lake with just two data points.

By entering your property's estimated assessed value, our calculator applies Lady Lake’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 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 Sumter County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lady Lake, Sumter County, Florida

Local government entities determine property tax rates, which can differ significantly even within a single state. Each year, counties estimate the budget needed to maintain services and divide this by the total assessed value of all taxable properties within their borders. This calculation produces the property tax rate. Although votes and legislation play a role in this process, the basic annual procedure remains consistent.

In Lady Lake, located in Sumter County, Florida, the effective property tax rate reflects the county's budgetary needs and property values. When compared to other cities in Florida, Lady Lake's rate offers a unique perspective on how local government decisions impact property owners. Florida's property tax rates are generally lower than the national median, providing residents with a relatively affordable option for property ownership.

Understanding these nuances can be crucial for property owners looking to manage their tax liabilities effectively. By comparing Lady Lake's effective property tax rate to the state and national medians, property owners can gain insights into how their tax obligations stack up against broader trends.

Property Tax Rates Across Lady Lake, Sumter County, Florida

Source: Ownwell

0.48%

0.92%

1.36%

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 Lady Lake Tax Rate

0.79%

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 Lady Lake, Sumter County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32159	0.57%	0.65%	0.79%	1.11%	1.18%
32162	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lady Lake, Sumter County, Florida

When examining property taxes in Lady Lake, 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 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. Assessment notices: In Sumter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lady Lake. For example, the median home price in Lady Lake is $249,590, with tax bills ranging significantly across the county. 32159 has the highest median home price at $249,590.

Property Tax Assessment Values Across Lady Lake, Sumter County, Florida

Source: Ownwell

$67,550

$213,670

$359,790

Median Lady Lake Market Value

$249,590

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 Lady Lake, Sumter County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32159	$168,750	$215,260	$249,590	$315,700	$396,342
32162	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lady Lake, Sumter County, Florida

In Lady Lake, 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 property appraiser, who evaluates the property's market value and applies any exemptions. For instance, the median home price in Lady Lake is $249,590, which influences the tax bill homeowners receive. The tax rate is applied to the assessed value, resulting in a property tax bill. In Lady Lake, the property tax bill can range significantly, with the 25th percentile at $1,569 and the 90th percentile reaching $3,446. This variability can impact homeowners' budgets, making it crucial to ensure their tax assessments are accurate. Ownwell offers services to help homeowners in Lady Lake potentially reduce their property tax bills by appealing incorrect assessments and ensuring all eligible exemptions are applied. By leveraging expert knowledge and local data, Ownwell can assist homeowners in navigating the complexities of property tax calculations, ultimately leading to potential savings.

Property Tax Bills Across Lady Lake, Sumter County, Florida

Source: Ownwell

$498

$2,746

$4,994

Median Lady Lake Tax Bill

$2,151

Median Sumter County Tax Bill

$3,060

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Lady Lake, Sumter County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32159	$1,029	$1,570	$2,151	$2,742	$3,445
32162	N/A	N/A	N/A	N/A	N/A

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