Port Orange, Florida Property Taxes
The median property tax rate in Port Orange, 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 $294,892 in Port Orange, the typical annual property tax bill amounts to $2,674, slightly below the national median of $2,690. Property taxes in Port Orange are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Port Orange'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 Port Orange 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
Port Orange, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,654
$2,509
$1,148
Average Port Orange, Florida Tax Savings
Ownwell’s Port Orange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Orange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Orange 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 Port Orange. 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 Port Orange, Florida
Property taxes in Port Orange, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Orange is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Port Orange set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Orange 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 Port Orange'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 1.65%, while the 32129 zip code has the lowest median tax rate of 0.81%. Understanding how these areas compare with Port Orange 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 Port Orange 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 Port Orange, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
| 32127 | 0.38% | 0.55% | 0.91% | 1.40% | 1.56% |
| 32128 | 0.52% | 0.70% | 0.94% | 1.32% | 1.50% |
| 32129 | 0.36% | 0.49% | 0.81% | 1.40% | 1.53% |
Source: Ownwell
$1,148
Average Port Orange Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Port Orange, Florida
In Port Orange, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Port Orange, 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 Port Orange is $294,892, with tax bills varying widely. For instance, the highest median tax bill is $3,632 in the 32128 zip code, while the lowest is $1,902 in the 32129 zip code. By understanding 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 Port Orange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Orange Assessed Value
$294,892
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 Port Orange, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | $134,090 | $134,090 | $134,090 | $134,090 | $134,090 |
| 32127 | $139,199 | $210,672 | $278,322 | $373,708 | $517,129 |
| 32128 | $239,711 | $319,176 | $377,274 | $467,895 | $636,523 |
| 32129 | $131,216 | $184,590 | $241,697 | $288,767 | $353,674 |
Source: Ownwell
$1,148
Average Port Orange Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Port Orange, Florida
In Port Orange, property tax bills are calculated based on the assessed value of your home, which is determined by the Volusia County Property Appraiser. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. Several factors influence this calculation, including property size, location, and market conditions. For instance, the median home price in Port Orange is $294,892. Tax bills can range significantly, with the 25th percentile at $1,487 and the 75th percentile at $4,098, while the highest median tax bill reaches $3,632 in zip code 32128. High property taxes can be a burden for homeowners, but Ownwell can help. By leveraging expert knowledge and local data, Ownwell identifies potential errors in your property assessment and files appeals on your behalf. This can lead to substantial savings, ensuring you only pay your fair share. With Ownwell's assistance, homeowners in Port Orange can navigate the complexities of property tax assessments and potentially reduce their tax bills.
Average Port Orange Tax Bill
$2,674
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Orange, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32118 | $2,213 | $2,213 | $2,213 | $2,213 | $2,213 |
| 32127 | $746 | $1,366 | $2,465 | $4,001 | $6,028 |
| 32128 | $1,440 | $2,496 | $3,632 | $5,062 | $7,061 |
| 32129 | $654 | $1,127 | $1,902 | $3,008 | $3,932 |
Source: Ownwell
$1,148
Average Port Orange 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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