Daytona Beach, Florida Property Taxes
The median property tax rate in Daytona Beach, FL is 1.13%, slightly higher than the national median of 0.99% but just below the Florida state median of 1.14%. With a median home value of $217,649, the typical annual property tax bill in Daytona Beach reaches $2,005, which is lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Daytona Beach'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 Daytona Beach or another part of Volusia County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daytona Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,459
$2,282
$1,148
Average Tax Savings
Ownwell’s Daytona Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daytona Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daytona Beach to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Daytona Beach. 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 Daytona Beach, Florida
Property taxes in Daytona Beach, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daytona Beach is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Daytona Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daytona Beach 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 Daytona Beach's effective property tax rate to other areas in Volusia County and the national median. For comparison, the 32118 zip code has the highest median property tax rate of 1.35%, while the 32119 zip code has the lowest median tax rate of 0.85%. Understanding how these areas compare with Daytona Beach provides valuable insights into the varying tax landscape across Volusia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daytona Beach Tax Rate
1.13%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daytona Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32114 | 0.23% | 0.40% | 1.03% | 1.36% | 1.52% |
| 32117 | 0.31% | 0.46% | 0.98% | 1.47% | 1.66% |
| 32118 | 0.47% | 0.91% | 1.35% | 1.60% | 2.13% |
| 32119 | 0.35% | 0.50% | 0.85% | 1.39% | 1.57% |
| 32124 | 0.12% | 0.58% | 0.93% | 1.25% | 1.55% |
Source: Ownwell
$1,148
Average Daytona Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Daytona Beach, Florida
In Daytona Beach, 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 Volusia County Property Appraiser 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 Daytona Beach, 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. For instance, the zip code with the highest median tax bill is 32124, where homeowners pay around $3,846 annually, while the lowest median tax bill is in zip code 32114, with an annual tax bill of approximately $1,276. 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 Daytona Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daytona Beach Assessed Value
$217,649
Average Volusia County Assessed Value
$274,208
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daytona Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32114 | $83,396 | $108,784 | $150,000 | $202,934 | $256,860 |
| 32117 | $100,484 | $127,024 | $164,523 | $217,020 | $300,268 |
| 32118 | $80,354 | $163,908 | $268,860 | $375,608 | $495,213 |
| 32119 | $137,431 | $184,168 | $231,461 | $281,592 | $338,323 |
| 32124 | $243,631 | $311,245 | $399,446 | $497,430 | $604,987 |
Source: Ownwell
$1,148
Average Daytona Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Daytona Beach, Florida
Property tax bills in Daytona Beach, located in Volusia County, FL, are determined by assessing the property's market value and applying the local tax rate. For instance, the median home price in Daytona Beach is $217,649. Homeowners in the 25th percentile can expect a tax bill around $1,029, while those in the 75th percentile might see bills as high as $3,772. The highest median tax bill, $3,846, is found in the 32124 zip code, whereas the lowest, $1,276, is in the 32114 zip code. These values are influenced by factors such as property location, improvements, and market trends. Ownwell can assist homeowners in Daytona Beach by identifying potential errors in property assessments and filing appeals to correct them. By leveraging local expertise and data analytics, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands on their property tax bills. This service is particularly beneficial given that Volusia County's property tax rates can vary significantly, impacting homeowners' financial well-being.
Average Daytona Beach Tax Bill
$2,005
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Daytona Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32114 | $326 | $618 | $1,276 | $1,962 | $2,885 |
| 32117 | $434 | $706 | $1,445 | $2,424 | $3,695 |
| 32118 | $858 | $1,538 | $2,946 | $5,048 | $7,387 |
| 32119 | $643 | $1,166 | $1,920 | $3,004 | $3,837 |
| 32124 | $451 | $1,952 | $3,846 | $5,336 | $6,649 |
Source: Ownwell
$1,148
Average Daytona Beach Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Volusia Property Appraiser | |
| Website | vcpa.vcgov.org |
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