Average Tax Assessment in Highlands County
Real Estate Values and Property Tax Valuation in Highlands County, Florida
Highlands County has 40,756 properties with a cumulative value of $5.4B, representing 0.26% of all real estate value in Florida. Property taxes in Highlands County totaled $62.5M, with an average of $1,533 paid by each homeowner, which is lower than the state average of $3,597. The average property tax rate in Highlands County is 1.17%, which is lower than the state average of 1.34%. Properties are typically valued for tax purposes based on their estimated 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 | |
|---|---|
| Highlands Clerk / Recorder | (863) 402-6590 |
| 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 Highlands County
Residential Property Taxes by Cities in Highlands County
Highlands County has an average property tax rate of 1.17%, which is slightly lower than the national average of 1.19%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Highlands County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Highlands County vary across the cities, with Lorida having the highest effective rate of 1.26% and Avon Park having the lowest rate of 1.11%. The difference in rates is due to the varying assessed values of properties in each city. Property owners in Lorida pay more in taxes than those in Avon Park, but the overall rate is still lower than the national average.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Highlands 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 |
|---|---|---|---|---|---|
| Avon Park | $32,408 | $54,476 | $93,212 | $132,942 | $186,891 |
| Lake Placid | $46,215 | $87,500 | $127,396 | $187,721 | $274,572 |
| Lorida | $19,516 | $39,103 | $85,132 | $149,765 | $215,930 |
| Sebring | $40,800 | $74,338 | $113,977 | $160,196 | $219,040 |
| Venus | $31,395 | $52,362 | $84,645 | $136,578 | $203,323 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Highlands County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon Park | $265 | $555 | $850 | $1,493 | $2,228 |
| Lake Placid | $368 | $741 | $1,333 | $2,196 | $3,470 |
| Lorida | $320 | $496 | $912 | $1,818 | $2,846 |
| Sebring | $343 | $720 | $1,200 | $1,906 | $2,756 |
| Venus | $329 | $613 | $1,005 | $1,675 | $2,364 |
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 |
|---|---|---|---|---|---|
| Avon Park | 0.82% | 1.02% | 0.91% | 1.12% | 1.19% |
| Lake Placid | 0.80% | 0.85% | 1.05% | 1.17% | 1.26% |
| Lorida | 1.64% | 1.27% | 1.07% | 1.21% | 1.32% |
| Sebring | 0.84% | 0.97% | 1.05% | 1.19% | 1.26% |
| Venus | 1.05% | 1.17% | 1.19% | 1.23% | 1.16% |
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Real Estate Values in Highlands County
Home prices in Highlands County, Florida have seen a significant increase from October 2022 to October 2023, with a 16.59% increase in median home prices. This is likely due to the increase in home inventory, which rose from 659 in October 2022 to 716 in October 2023. This suggests that there is an increased demand for homes in the area, which is driving up prices.
Average Home Value in Highlands County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Highlands County
Last updated: November 2023
Percent Change in New Home Listings in Highlands County
Last updated: November 2023
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Mortgage Rates in Highlands County
Highlands County is home to a large number of outstanding home mortgage loans, totaling $1.6 billion. This amount represents a significant portion of the total home value in the county, indicating that many residents are taking advantage of the available mortgage options. The number of outstanding loans in Highlands County is 13,000, demonstrating the prevalence of mortgages in the area.
The median mortgage rate in Highlands County varies across cities, ranging from 3.99% in Lorida to 4.94% in Venus. This variation in rates allows residents to find the best deal for their individual needs, ensuring that they can get the most out of their mortgage. Overall, mortgages are an important part of the Highlands County economy, and the wide range of rates available allows residents to find the best deal for their individual needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Highlands County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon Park | $22,279 | $42,132 | $81,432 | $130,576 | $188,203 |
| Lake Placid | $32,828 | $60,128 | $106,677 | $165,112 | $244,862 |
| Lorida | $29,416 | $48,823 | $98,247 | $168,863 | $258,710 |
| Sebring | $31,468 | $57,828 | $100,977 | $152,509 | $216,001 |
| Venus | $20,667 | $34,533 | $65,911 | $136,830 | $224,644 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Highlands County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon Park | 2.90% | 3.60% | 4.40% | 5.96% | 7.08% |
| Lake Placid | 2.90% | 3.45% | 4.15% | 5.50% | 6.57% |
| Lorida | 2.98% | 3.45% | 3.99% | 5.58% | 6.30% |
| Sebring | 2.90% | 3.44% | 4.15% | 5.49% | 6.52% |
| Venus | 3.19% | 3.78% | 4.94% | 6.21% | 7.87% |
Housing Expenses in Highlands County, Florida
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