Lamont, Florida Property Taxes
The median property tax rate in Lamont, FL is 0.52%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Lamont being $63,155, the typical annual property tax bill is $246, well below the national median of $2,690. Property taxes in Lamont are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lamont'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 Lamont 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
Lamont, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$328
$305
Ownwell’s Lamont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lamont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lamont 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 Lamont, Florida
Property taxes in Lamont, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lamont is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Lamont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lamont 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 Lamont's effective property tax rate to other counties in Florida and the national median. For comparison, the 32336 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Lamont provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lamont Tax Rate
0.52%
Average Taylor County Tax Rate
0.85%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | 0.22% | 0.24% | 0.52% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Lamont, Florida
In Lamont, 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 Taylor County Appraisal District 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. In Lamont, assessment notices 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. The median home price in Lamont is $63,155, with tax bills ranging from $221 at the 25th percentile to $332 at the 90th percentile. The highest and lowest median tax bills are both found in the 32336 zip code, amounting to $246. 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 Lamont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lamont Assessed Value
$63,155
Average Taylor County Assessed Value
$95,180
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | $25,115 | $29,952 | $63,155 | $112,815 | $147,276 |
Source: Ownwell
Property Tax Bills Across Lamont, Florida
In Lamont, located in Taylor County, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Lamont is $63,155. Homeowners in the 25th percentile pay around $221 annually, while those in the 75th percentile see bills close to $284. The top 10% of tax bills in the area can go up to $332. Comparatively, the national median property tax rate is 0.99%, making Lamont's rates relatively low. This affects homeowners by keeping their annual expenses more manageable, potentially making homeownership more affordable in this region.
Average Lamont Tax Bill
$246
Average Taylor County Tax Bill
$767
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamont, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32336 | $199 | $221 | $246 | $284 | $332 |
Source: Ownwell