Hernando, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Hernando, Florida
Hernando is home to 11,968 properties with a cumulative value of $1.6B, making up 13.64% of all real estate value in Citrus County. Property taxes in Hernando totaled $17.1M, with an average homeowner paying $1,425 in property taxes compared to the county average of $957. The average property tax rate in Hernando is 1.08%, slightly higher than the county average of 1.07%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
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Citrus Property Appraiser | (352) 341-6600 |
Important Dates | |
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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 | |
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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 Hernando, Florida
Residential Property Tax by ZIP code in Hernando, Florida
Hernando County has an average property tax rate of 1.08%, which is slightly higher than the average property tax rate in Citrus County of 1.07%. This means that property owners in Hernando County can expect to pay slightly more in property taxes than those in other parts of Citrus County.
Property tax rates in Hernando County vary across ZIP codes, with the highest effective property tax rate being 1.08% in the 34442 ZIP code. This is likely due to the higher home values in this area compared to other parts of the county. Property owners in other ZIP codes may pay lower rates due to lower home values. It is important for property owners to be aware of the property tax rate in their ZIP code in order to plan for their tax payments.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Hernando, 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 |
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34442 | $7,434 | $22,800 | $99,299 | $206,964 | $296,885 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Hernando, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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34442 | $103 | $211 | $912 | $2,159 | $3,469 |
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 |
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34442 | 1.39% | 0.93% | 0.92% | 1.04% | 1.17% |
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Real Estate Values in Hernando, Florida
Average Home Value in Hernando, 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 Hernando, 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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