Oak Hill, Florida Property Taxes
The median property tax rate in Oak Hill, FL is 1.00%, slightly above the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $230,036, the typical annual property tax bill in Oak Hill is approximately $1,878, which is below the national median of $2,690. Property taxes here are determined based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Oak Hill's property tax system, understanding available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Oak Hill or other parts of Volusia County, familiarizing yourself with the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oak Hill, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,300
$2,135
$1,148
Average Tax Savings
Ownwell’s Oak Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oak Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oak 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 Oak 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 Oak Hill, Florida
Property taxes in Oak Hill, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak Hill is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Oak Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oak 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 Oak Hill's effective property tax rate to other counties in Florida and the national median. For comparison, the 32759 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Oak 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 Oak Hill Tax Rate
1.00%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oak Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32759 | 0.37% | 0.52% | 1.00% | 1.66% | 1.90% |
Source: Ownwell
$1,148
Average Oak Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Oak Hill, Florida
In Oak 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 Oak 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. The median home price in Oak Hill is $230,036, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $924, while the 75th percentile tax bill is $3,582. The highest median tax bill recorded is $1,878 in zip code 32759, which is also the lowest median tax bill in the area. 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 Oak Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oak Hill Assessed Value
$230,036
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 Oak Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32759 | $66,459 | $133,862 | $230,036 | $319,084 | $442,040 |
Source: Ownwell
$1,148
Average Oak Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Oak Hill, Florida
In Oak Hill, Volusia County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. For example, with a median home price of $230,036, homeowners can expect tax bills to range from $924 at the 25th percentile to $5,701 at the 90th percentile, with the highest median tax bill in the area being $1,878 in zip code 32759. This variability can significantly impact homeowners, making it crucial to ensure that their property is fairly assessed. Ownwell offers expert property tax appeal and exemption services to help homeowners in Oak Hill reduce their tax bills. By analyzing property data and market conditions, Ownwell identifies opportunities for savings, potentially lowering tax liabilities and providing financial relief to homeowners.
Average Oak Hill Tax Bill
$1,878
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak Hill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32759 | $483 | $924 | $1,878 | $3,582 | $5,701 |
Source: Ownwell
$1,148
Average Oak 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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