Beverly Hills, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Beverly Hills, Florida
Beverly Hills has 10,936 properties with a cumulative value of $1.5B, representing 12.86% of all real estate value in Citrus County. Property taxes in Beverly Hills totaled $15.0M, with the average homeowner paying $1,373 in property taxes compared to the county average of $957. The average property tax rate in Beverly Hills is 1.01%, lower than the county average of 1.07%. Property values for tax purposes are determined by the local government and are based on the market value of the property.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Citrus Property Appraiser | (352) 341-6600 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Beverly Hills, Florida
Residential Property Tax by ZIP code in Beverly Hills, Florida
Beverly Hills has an average property tax rate of 1.01%, which is lower than the average property tax rate of 1.07% in Citrus County. This means that homeowners in Beverly Hills pay less in property taxes than the average homeowner in Citrus County. However, property tax rates in Beverly Hills vary across ZIP codes. The ZIP code with the highest effective property tax rate is 34465, with a rate of 1.01%. This is likely due to the higher home values in this ZIP code compared to other ZIP codes in Beverly Hills. On the other hand, the ZIP code with the lowest effective property tax rate is not available, but it is likely to be lower than the average property tax rate in Beverly Hills.
Overall, Beverly Hills has lower property tax rates than the rest of Citrus County, but rates vary across ZIP codes due to differences in home values. Homeowners in Beverly Hills should be aware of the property tax rates in their ZIP code in order to make informed decisions about their taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Beverly Hills, Florida. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34465 | $20,105 | $65,797 | $102,122 | $206,759 | $287,190 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Beverly Hills, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34465 | $282 | $466 | $1,012 | $1,908 | $3,054 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34465 | 1.40% | 0.71% | 0.99% | 0.92% | 1.06% |
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Real Estate Values in Beverly Hills, Florida
Average Home Value in Beverly Hills, Florida
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Beverly Hills, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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