Lake Helen, Florida Property Taxes
The median property tax rate in Lake Helen, FL is 0.90%, which is lower than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $229,718 in Lake Helen, the typical annual property tax bill is approximately $2,170, falling below the national median of $2,690. Property taxes in Lake Helen are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Helen'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 Lake Helen 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
Lake Helen, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,067
$1,919
$1,148
Average Tax Savings
Ownwell’s Lake Helen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Helen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Helen 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 Lake Helen. 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 Lake Helen, Florida
Property taxes in Lake Helen, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Helen is 0.90%, lower than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Lake Helen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Helen 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 Lake Helen's effective property tax rate to other counties in Florida and the national median. For comparison, the 32744 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Lake Helen 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 Lake Helen Tax Rate
0.90%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Helen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32744 | 0.49% | 0.64% | 0.90% | 1.43% | 1.88% |
Source: Ownwell
$1,148
Average Lake Helen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lake Helen, Florida
In Lake Helen, 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 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 Lake Helen, 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. Being aware of these valuation processes in Lake Helen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 32744 has both the highest and lowest median tax bill of $2170.
Average Lake Helen Assessed Value
$229,718
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 Lake Helen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32744 | $115,521 | $162,146 | $229,718 | $339,801 | $445,974 |
Source: Ownwell
$1,148
Average Lake Helen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lake Helen, Florida
In Lake Helen, property tax bills are calculated based on the assessed value of the property, which is determined by the Volusia County Property Appraiser. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property location, market conditions, and any applicable exemptions influence the assessed value. For instance, the median home price in Lake Helen is $229,718, and property tax bills range significantly—from $1,160 at the 25th percentile to $5,114 at the 90th percentile. Homeowners in Lake Helen face varying property tax bills that can significantly impact their finances. With the highest median tax bill recorded at $2,170 in the 32744 zip code, it's crucial for homeowners to ensure their property is accurately assessed to avoid overpaying. Ownwell can assist homeowners by providing property tax appeal and exemption services, ensuring that their property is fairly assessed. By leveraging local expertise and data, Ownwell helps homeowners navigate the complexities of property tax assessments and secure potential savings on their tax bills.
Average Lake Helen Tax Bill
$2,170
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Helen, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32744 | $837 | $1,160 | $2,170 | $3,453 | $5,114 |
Source: Ownwell
$1,148
Average Lake Helen 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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