Holly Hill, Florida Property Taxes
The median property tax rate in Holly Hill, FL is 0.94%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With the median home value in Holly Hill at $152,327, the typical annual property tax bill is $1,401, which is well below the national median of $2,690. Property taxes in Holly Hill are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Exploring and understanding Holly Hill's property tax system, along with available exemptions, can lead to notable annual savings. Whether you're located in the heart of Holly Hill or another part of Volusia County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holly Hill, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,432
$1,354
$1,148
Average Holly Hill, Florida Tax Savings
Ownwell’s HOLLY HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLLY HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLLY HILL 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 HOLLY HILL. 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 Holly Hill, Florida
Property taxes in Holly Hill, Florida, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Holly Hill is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Holly Hill set these rates annually, and they can vary across different neighborhoods. Each year, Holly Hill 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 Holly Hill's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 32117 has both the highest and lowest median property tax rate of 0.94%, identical to Holly Hill's rate. Understanding how these areas compare with Holly Hill 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 Holly Hill Tax Rate
0.94%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holly Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32117 | 0.31% | 0.41% | 0.94% | 1.56% | 1.70% |
Source: Ownwell
$1,148
Average Holly Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Holly Hill, Florida
In Holly Hill, 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 Holly Hill, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, in the 32117 zip code, the median tax bill is $1,401. Being aware of these valuation processes in Holly Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holly Hill Assessed Value
$152,327
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 Holly Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32117 | $95,417 | $120,703 | $152,327 | $197,437 | $222,219 |
Source: Ownwell
$1,148
Average Holly Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Holly Hill, Florida
In Holly Hill, located in Volusia County, FL, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Holly Hill experience a range of property tax bills, with the 25th percentile at $637 and the 75th percentile at $2,151. The highest median tax bill in the area is $1,401, notably in the 32117 zip code. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Holly Hill is $152,327, which plays a significant role in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, Holly Hill's tax rates can vary widely, affecting homeowners differently. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. Our experts analyze your tax assessment to ensure accuracy and help you navigate the appeal process, potentially reducing your property tax bill and easing your financial burden.
Average Holly Hill Tax Bill
$1,401
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Holly Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32117 | $520 | $637 | $1,401 | $2,151 | $2,730 |
Source: Ownwell
$1,148
Average Holly Hill 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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