Average Tax Assessment in DeSoto County
Real Estate Values and Property Tax Valuation in DeSoto County, Florida
DeSoto County has a total of 9,160 properties with a cumulative value of $1.1B, representing 0.06% of all real estate value in Florida. The total amount of property taxes collected in DeSoto County is $15.6M, with an average property tax rate of 1.36%, which is slightly higher than the state average of 1.34%. The average homeowner in DeSoto County pays $1,724 in property taxes, which is significantly lower than the state average of $3,597. Property taxes are calculated based on the assessed 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 | |
|---|---|
| DeSoto Chancery Clerk | (662) 469-8005 |
| DeSoto Clerk / Recorder | (863) 993-4876 |
| 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 DeSoto County
Residential Property Taxes by Cities in DeSoto County
DeSoto County has an average property tax rate of 1.36%, which is slightly lower than the state average of 1.39%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across the cities in DeSoto County. For example, the city of Lake Suzy has the highest effective property tax rate of 1.44%, while the city of Arcadia has the lowest effective property tax rate of 1.35%. This means that property owners in Lake Suzy will pay more in property taxes than those in Arcadia.
Overall, DeSoto County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county. Property owners should research the effective property tax rate in their city to ensure they are paying the correct amount of taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in DeSoto County. 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in DeSoto County.
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.
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Real Estate Values in DeSoto County
The data from Redfin shows that home prices in DeSoto County, Florida have increased significantly from October 2022 to October 2023. The median home price rose from $199.9K to $300.0K, representing a 50.08% increase. Additionally, the home inventory in DeSoto County also increased from 104 to 109. This indicates that the housing market in DeSoto County is strong and that demand for homes is increasing.
Average Home Value in DeSoto County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in DeSoto County
Last updated: November 2023
Percent Change in New Home Listings in DeSoto County
Last updated: November 2023
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Mortgage Rates in DeSoto County
Mortgages in DeSoto County are a major part of the local economy, with a total outstanding loan amount of $529.9M. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in the area. The number of outstanding loans in DeSoto County is 2.8K, which is a testament to the strong housing market in the area.
The median mortgage rate in DeSoto County varies across cities, with Arcadia having the highest rate at 5%, while Lake Suzy has the lowest rate at 4.1%. This variation in rates reflects the different economic conditions across the county, and provides potential homeowners with options when it comes to financing their homes. Overall, mortgages in DeSoto County are an important part of the local economy, and provide potential homeowners with a variety of options when it comes to financing their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in DeSoto County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across DeSoto County.
Housing Expenses in DeSoto County, Florida
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