Average Tax Assessment in Glades County
Real Estate Values and Property Tax Valuation in Glades County, Florida
Glades County has a total of 2,429 properties with a cumulative value of $251.6M. This accounts for 0.01% of all real estate value in Florida. Property taxes in Glades County totaled $3.2M, with the average homeowner paying $1,326 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Glades County is 1.28%, which is lower than the state average of 1.34%. Properties are typically valued for tax purposes based on their market value.
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 | |
|---|---|
| Glades Property Appraiser | (863) 946-6025 |
| 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 Glades County
Residential Property Taxes by Cities in Glades County
Glades County has an average property tax rate of 1.28%, which is slightly lower than the state average of 1.29%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Glades County. For example, the city of Okeechobee has an effective property tax rate of 1.32%, which is higher than the county average, while the city of Moore Haven has an effective property tax rate of 1.25%, which is lower than the county average. This means that property owners in Okeechobee will pay more in property taxes than those in Moore Haven. In total, Glades County is expected to collect $3.2 million in property taxes in 2023.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Glades 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Labelle | $46,770 | $86,321 | $137,324 | $194,589 | $303,139 |
| Moore Haven | $31,701 | $48,403 | $74,426 | $111,114 | $157,141 |
| Okeechobee | $45,730 | $59,534 | $78,923 | $107,910 | $154,636 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Glades County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Labelle | $352 | $616 | $1,532 | $2,887 | $4,281 |
| Moore Haven | $210 | $496 | $828 | $1,480 | $2,255 |
| Okeechobee | $348 | $609 | $1,064 | $1,540 | $2,222 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Labelle | 0.75% | 0.71% | 1.12% | 1.48% | 1.41% |
| Moore Haven | 0.66% | 1.02% | 1.11% | 1.33% | 1.44% |
| Okeechobee | 0.76% | 1.02% | 1.35% | 1.43% | 1.44% |
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Real Estate Values in Glades County
The data from Redfin shows that the median home price in Glades County, Florida has increased significantly from October 2022 to October 2023, with a 56.40% increase. This indicates that the housing market in Glades County is becoming more competitive and prices are rising. Additionally, the home inventory in Glades County has decreased from 42 in October 2022 to 35 in October 2023, indicating that there is a decrease in the number of homes available for sale. This could be due to the increasing demand for homes in the area, as buyers are willing to pay higher prices for homes in Glades County.
Average Home Value in Glades County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Glades County
Last updated: November 2023
Percent Change in New Home Listings in Glades County
Last updated: November 2023
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Mortgage Rates in Glades County
Mortgages in Glades County are a significant part of the local economy, with a total of $47.3 million in outstanding loans. This represents a significant portion of the county's total home value, and demonstrates the importance of home ownership in the area. The median mortgage rate in Glades County varies across cities, with Moore Haven having the highest rate at 4.5%, and Okeechobee having the lowest rate at 4%. This variation in rates allows potential homeowners to find the best deal for their situation, and helps to ensure that mortgages remain accessible to those who need them. Overall, mortgages in Glades County are an important part of the local economy, and the variation in rates helps to ensure that home ownership remains within reach for many.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Glades County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Labelle | $33,776 | $70,541 | $134,326 | $199,424 | $249,359 |
| Moore Haven | $14,097 | $36,270 | $75,085 | $116,912 | $164,192 |
| Okeechobee | $29,163 | $38,850 | $66,191 | $120,305 | $182,664 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Glades County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Labelle | 2.80% | 3.34% | 4.10% | 5.50% | 7.50% |
| Moore Haven | 2.90% | 3.68% | 4.50% | 6.00% | 7.99% |
| Okeechobee | 2.90% | 3.43% | 4.00% | 5.01% | 6.25% |
Housing Expenses in Glades County, Florida
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