Wildwood, Sumter County, Florida Property Taxes
Median Wildwood, FL effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Wildwood, FL home value: $79,645
Median annual Wildwood, FL tax bill: $681, $1,719 lower than the national median property tax bill of $2,400.
How are property taxes in Sumter County calculated?
Property taxes in Wildwood, 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 Wildwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wildwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wildwood, Sumter County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$757
$702
Property Tax Rates Across Wildwood, Sumter County, Florida
Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its budget needs for providing services and divides that by the total value of all taxable property in its area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legal processes, this is the basic annual procedure.
In Wildwood, located in Sumter County, FL, the effective property tax rate is 0.95%. This rate is slightly below the national median property tax rate of 1.02%, offering a relatively lower tax burden compared to the national average. When compared to other cities within Florida, Wildwood's rate is consistent with the statewide median, indicating a stable tax environment.
Despite the potential for variation in tax rates across different counties and states, Wildwood's effective rate provides a competitive edge for property owners. This can be particularly appealing for those looking to invest or settle in an area with manageable tax obligations. As property tax rates are a crucial factor in homeownership costs, understanding these nuances can aid in making informed 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 Wildwood Tax Rate
0.95%
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 Wildwood, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34785 | 0.40% | 0.52% | 0.95% | 1.29% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Wildwood, Sumter County, Florida
When examining property taxes in Wildwood, 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 April. 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 Wildwood.
For example, the median home price in Wildwood is $79,645, with tax bills ranging significantly across the county. The zip code 34785 has the highest median home price at $79,645.
Property Tax Assessment Values Across Wildwood, Sumter County, Florida
Source: Ownwell
$67,550
$213,670
$359,790
Median Wildwood Market Value
$79,645
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 Wildwood, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34785 | $26,776 | $54,162 | $79,645 | $148,070 | $240,779 |
Source: Ownwell
Property Tax Bills Across Wildwood, Sumter County, Florida
Median Wildwood Tax Bill
$681
Median Sumter County Tax Bill
$3,060
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Wildwood, Sumter County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34785 | $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 |