Daytona Beach Shores, Florida Property Taxes
The median property tax rate in Daytona Beach Shores, FL is 0.32%, significantly lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Daytona Beach Shores at $320,055, the typical annual property tax bill is $2,049, which is below the national median of $2,690. Property taxes in Daytona Beach Shores are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Daytona Beach Shores' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Daytona Beach Shores or another part of the city, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daytona Beach Shores, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$1,024
$968
$1,148
Average Daytona Beach Shores, Florida Tax Savings
Ownwell’s Daytona Beach Shores Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daytona Beach Shores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daytona Beach Shores 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 Shores. 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 Shores, Florida
Property taxes in Daytona Beach Shores, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daytona Beach Shores is 0.32%, which is significantly lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Daytona Beach Shores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daytona Beach Shores 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 Shores' effective property tax rate to other counties in Florida and the national median. For comparison, the highest median property tax rate within Volusia County has the highest median property tax rate of 0.32%, while the lowest median tax rate within the county is also 0.32%. Understanding how these cities compare with Daytona Beach Shores 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 Shores Tax Rate
0.32%
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 Shores, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
Source: Ownwell
$1,148
Average Daytona Beach Shores Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Daytona Beach Shores, Florida
In Daytona Beach Shores, 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 Shores, 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 median home price is $320,055, and the tax bill for the 25th, 75th, and 90th percentiles is $2,049. The zip code 32118 has the highest and lowest median tax bill, both at $2,049. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Daytona Beach Shores, Florida
Source: Ownwell
$60,687
$277,766
$494,844
Average Daytona Beach Shores Assessed Value
$320,055
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 Shores, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | $64,012 | $160,028 | $320,055 | $480,082 | $576,098 |
Source: Ownwell
$1,148
Average Daytona Beach Shores Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Daytona Beach Shores, Florida
In Daytona Beach Shores, located in Volusia County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Daytona Beach Shores face a median property tax bill of $2049, which is consistent across various percentiles, indicating a uniform application of tax rates. This median tax bill is significantly higher than the national median property tax rate of 0.99%. Homeowners often find these tax bills burdensome, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell can identify potential savings and reduce the assessed value of your property. This can lead to substantial decreases in your annual tax bill, easing the financial strain and ensuring you only pay your fair share.
Average Daytona Beach Shores Tax Bill
$2,049
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 Shores, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | $2,049 | $2,049 | $2,049 | $2,049 | $2,049 |
Source: Ownwell
$1,148
Average Daytona Beach Shores 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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