South Daytona, Florida Property Taxes
The median property tax rate in South Daytona, FL is 1.04%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $198,074 in South Daytona, the typical annual property tax bill is $1,721, which is below the national median of $2,690. Property taxes in South Daytona are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding South Daytona'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 South Daytona 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
South Daytona, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,060
$1,912
$1,148
Average Tax Savings
Ownwell’s South Daytona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Daytona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Daytona 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 South Daytona. 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 South Daytona, Florida
Property taxes in South Daytona, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Daytona is 1.04%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within South Daytona set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Daytona 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 South Daytona's effective property tax rate to other counties in Florida and the national median. For comparison, the 32119 zip code has the highest median property tax rate of 1.04%, while the 32119 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with South Daytona 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 South Daytona Tax Rate
1.04%
Average Volusia County Tax Rate
0.93%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Daytona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32119 | 0.36% | 0.50% | 1.04% | 1.51% | 1.75% |
Source: Ownwell
$1,148
Average South Daytona Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across South Daytona, Florida
In South Daytona, 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 South Daytona, 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 South Daytona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 32119, with a median tax bill of $1,721.
Average South Daytona Assessed Value
$198,074
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 South Daytona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32119 | $108,131 | $139,753 | $198,074 | $260,163 | $331,382 |
Source: Ownwell
$1,148
Average South Daytona Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across South Daytona, Florida
In South Daytona, property tax bills are calculated based on the assessed value of a property, which is determined by the Volusia County Property Appraiser. The assessed value is then multiplied by the local millage rate to determine the annual tax bill. Factors such as property improvements, market conditions, and exemptions for homestead or senior citizens can influence the assessed value and, consequently, the tax bill. For instance, the median home price in South Daytona is $198,074, resulting in varying tax bills across different percentiles—from $1,072 at the 25th percentile to $4,164 at the 90th percentile. Homeowners in South Daytona can benefit significantly from Ownwell's property tax appeal and exemption services. By leveraging their expertise, Ownwell helps ensure that properties are assessed fairly, potentially lowering the tax burden. Their comprehensive review process can identify opportunities for savings, providing homeowners with peace of mind and financial relief. With the national median property tax rate at 0.99%, Ownwell's services can be crucial in helping homeowners in South Daytona keep their property taxes manageable.
Average South Daytona Tax Bill
$1,721
Average Volusia County Tax Bill
$2,466
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across South Daytona, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32119 | $584 | $1,072 | $1,721 | $2,855 | $4,164 |
Source: Ownwell
$1,148
Average South Daytona 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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