Average Tax Assessment in Hernando County
Real Estate Values and Property Tax Valuation in Hernando County, Florida
Hernando County has 79,712 properties with a cumulative value of $12.9B, making up 0.62% of all real estate value in Florida. Property taxes in Hernando County totaled $166.5M, with an average homeowner paying $2,089 in property taxes compared to the state average of $3,597. The average property tax rate in Hernando County is 1.29%, lower than the state average of 1.34%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the 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 | |
|---|---|
| Hernando Property Appraiser | (352) 754-4190 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Hernando County
Residential Property Taxes by Cities in Hernando County
Hernando County has an average property tax rate of 1.29%, which is slightly lower than the state average of 1.35%. This rate is applied to the assessed value of a property to calculate the total amount of taxes due. The average Hernando County property tax bill is estimated to be around $2,089. Property taxes collected in Hernando County in 2023 are estimated to be around $166.5 million.
Property tax rates in Hernando County vary across the cities. The city with the highest effective property tax rate is Spring Hill at 1.31%, while the city with the lowest effective property tax rate is Webster at 1.1%. This means that property owners in Spring Hill will pay more in taxes than those in Webster. However, the difference in rates is relatively small, so the overall impact on property owners is minimal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hernando 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 |
|---|---|---|---|---|---|
| Brooksville | $45,842 | $68,362 | $116,336 | $185,767 | $270,024 |
| Dade City | $39,332 | $62,662 | $95,572 | $139,716 | $191,948 |
| Hernando Beach | $168,273 | $216,320 | $293,264 | $388,423 | $512,987 |
| Spring Hill | $86,727 | $117,628 | $153,735 | $196,090 | $245,432 |
| Webster | $67,955 | $99,841 | $144,617 | $191,221 | $256,060 |
| Weeki Wachee | $71,481 | $117,450 | $170,126 | $237,293 | $310,348 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hernando County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooksville | $534 | $839 | $1,412 | $2,315 | $3,477 |
| Dade City | $532 | $806 | $1,116 | $1,693 | $2,438 |
| Hernando Beach | $1,769 | $2,645 | $3,628 | $5,099 | $6,834 |
| Spring Hill | $958 | $1,246 | $1,895 | $2,733 | $3,599 |
| Webster | $700 | $917 | $1,484 | $2,268 | $3,053 |
| Weeki Wachee | $759 | $1,223 | $2,051 | $3,063 | $4,206 |
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 |
|---|---|---|---|---|---|
| Brooksville | 1.16% | 1.23% | 1.21% | 1.25% | 1.29% |
| Dade City | 1.35% | 1.29% | 1.17% | 1.21% | 1.27% |
| Hernando Beach | 1.05% | 1.22% | 1.24% | 1.31% | 1.33% |
| Spring Hill | 1.10% | 1.06% | 1.23% | 1.39% | 1.47% |
| Webster | 1.03% | 0.92% | 1.03% | 1.19% | 1.19% |
| Weeki Wachee | 1.06% | 1.04% | 1.21% | 1.29% | 1.36% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Hernando County
The median home price in Hernando County, Florida decreased by 1.08% from October 2022 to October 2023, from $330.0K to $324.4K. Additionally, the home inventory in Hernando County decreased from 1.1K in October 2022 to 1.0K in October 2023. This suggests that the housing market in Hernando County is becoming more competitive, with fewer homes available for purchase and a slight decrease in median home prices.
Average Home Value in Hernando County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Hernando County
Last updated: November 2023
Percent Change in New Home Listings in Hernando County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Hernando County
Hernando County, Florida, has a total of $6.1 billion in outstanding home mortgage loans. This represents 36.2 thousand loans, or an average of $169,000 per loan. This amount is equivalent to approximately 68% of the total home value in the county. The median mortgage rate in Hernando County varies across cities, with Webster having the highest rate of 4.5%, and Hernando Beach having the lowest rate of 4%.
Overall, the mortgage market in Hernando County is strong, with a large amount of outstanding loans and a wide range of rates. This provides homeowners with a variety of options when it comes to financing their home purchase. With the median mortgage rate in the county being lower than the national average, it is an attractive option for potential homebuyers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hernando County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooksville | $24,054 | $56,204 | $110,418 | $173,136 | $242,379 |
| Dade City | $18,741 | $41,510 | $82,110 | $139,096 | $193,131 |
| Hernando Beach | $42,347 | $112,662 | $194,709 | $290,690 | $387,241 |
| Spring Hill | $39,257 | $67,482 | $113,591 | $170,139 | $231,407 |
| Webster | $22,921 | $53,207 | $109,561 | $167,426 | $248,616 |
| Weeki Wachee | $33,880 | $73,575 | $134,944 | $204,674 | $276,944 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hernando County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooksville | 2.90% | 3.53% | 4.32% | 5.82% | 7.00% |
| Dade City | 2.94% | 3.69% | 4.46% | 6.28% | 7.26% |
| Hernando Beach | 2.80% | 3.30% | 4.00% | 5.07% | 7.02% |
| Spring Hill | 2.90% | 3.60% | 4.38% | 5.77% | 6.94% |
| Webster | 2.97% | 3.70% | 4.50% | 5.92% | 7.10% |
| Weeki Wachee | 2.90% | 3.48% | 4.19% | 5.60% | 6.95% |
Housing Expenses in Hernando County, Florida
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.