Average Tax Assessment in Lake County
Real Estate Values and Property Tax Valuation in Lake County, Florida
Lake County has a total of 137,199 properties with a cumulative value of $27.1B, making up 1.31% of all real estate value in Florida. Property taxes in Lake County totaled $347.6M, with an average homeowner paying $2,535 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Lake County is 1.28%, while the state average is 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 | |
|---|---|
| Lake Recorder | (440) 350-2510 |
| Lake Assessor | (847) 377-2050 |
| Lake Assessor | (219) 755-3100 |
| Lake Assessor | (406) 896-4000 |
| 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 Lake County
Residential Property Taxes by Cities in Lake County
Lake County has an average property tax rate of 1.28%, 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 amount of taxes due. The average property tax bill in Lake County is $2,535. Property tax rates vary across the cities in Lake County, with The Villages having the highest effective property tax rate of 2.06%, while Grand Island has the lowest effective property tax rate of 1.12%. This means that property owners in The Villages will pay more in taxes than those in Grand Island. Overall, Lake County has a relatively low property tax rate compared to other counties in Florida, making it an attractive option for homeowners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lake 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 |
|---|---|---|---|---|---|
| Altoona | $18,979 | $30,381 | $50,758 | $111,574 | $211,986 |
| Astatula | $41,182 | $62,393 | $106,367 | $168,046 | $235,897 |
| Astor | $24,694 | $40,437 | $80,578 | $138,571 | $203,144 |
| Clermont | $162,203 | $195,763 | $233,663 | $281,866 | $344,143 |
| Deland | $25,052 | $36,276 | $58,549 | $94,496 | $178,004 |
| Eustis | $61,489 | $104,287 | $168,074 | $235,098 | $318,684 |
| Fruitland Park | $41,331 | $76,830 | $143,161 | $197,208 | $261,331 |
| Grand Island | $133,006 | $160,897 | $189,297 | $217,654 | $248,433 |
| Groveland | $100,482 | $176,023 | $208,316 | $248,515 | $312,410 |
| Howey In The Hills | $118,787 | $167,465 | $226,307 | $299,526 | $394,718 |
| Lady Lake | $86,686 | $111,612 | $137,223 | $185,245 | $257,725 |
| Leesburg | $43,801 | $82,819 | $146,150 | $196,225 | $238,085 |
| Mascotte | $71,664 | $120,444 | $156,322 | $192,461 | $214,972 |
| Minneola | $143,672 | $185,753 | $214,808 | $256,282 | $308,838 |
| Montverde | $55,331 | $94,850 | $214,492 | $352,004 | $465,856 |
| Mount Dora | $94,822 | $148,214 | $205,007 | $281,332 | $364,054 |
| Okahumpka | $21,976 | $37,156 | $67,239 | $135,920 | $248,311 |
| Paisley | $22,368 | $32,506 | $54,624 | $91,737 | $140,790 |
| Sorrento | $109,424 | $166,303 | $225,943 | $308,128 | $423,706 |
| Tavares | $64,102 | $101,120 | $161,274 | $206,077 | $256,053 |
| The Villages | $225,594 | $251,381 | $295,578 | $399,212 | $535,049 |
| Umatilla | $57,745 | $90,508 | $136,102 | $189,486 | $273,088 |
| Winter Garden | $181,054 | $256,979 | $370,381 | $488,874 | $680,139 |
| Yalaha | $81,336 | $149,376 | $192,028 | $280,319 | $398,476 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lake County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | $397 | $559 | $830 | $1,464 | $2,779 |
| Astatula | $735 | $1,024 | $1,437 | $2,355 | $3,431 |
| Astor | $479 | $736 | $1,118 | $1,913 | $2,769 |
| Clermont | $1,250 | $1,959 | $2,856 | $3,744 | $4,746 |
| Deland | $398 | $615 | $861 | $1,264 | $2,145 |
| Eustis | $597 | $1,044 | $1,892 | $2,986 | $4,209 |
| Fruitland Park | $580 | $874 | $1,531 | $2,356 | $3,306 |
| Grand Island | $899 | $1,385 | $2,072 | $2,716 | $3,328 |
| Groveland | $866 | $1,600 | $2,776 | $3,713 | $4,691 |
| Howey In The Hills | $1,312 | $2,102 | $3,163 | $4,353 | $5,714 |
| Lady Lake | $781 | $1,189 | $1,922 | $2,764 | $3,646 |
| Leesburg | $546 | $880 | $1,524 | $2,337 | $3,268 |
| Mascotte | $938 | $1,150 | $2,271 | $3,258 | $4,014 |
| Minneola | $1,072 | $1,578 | $2,786 | $3,919 | $4,740 |
| Montverde | $679 | $1,200 | $2,654 | $4,236 | $5,692 |
| Mount Dora | $902 | $1,586 | $2,593 | $3,867 | $5,376 |
| Okahumpka | $411 | $645 | $858 | $1,584 | $3,285 |
| Paisley | $397 | $589 | $825 | $1,171 | $1,696 |
| Sorrento | $976 | $1,613 | $2,626 | $3,755 | $5,120 |
| Tavares | $500 | $953 | $1,840 | $2,851 | $3,790 |
| The Villages | $4,523 | $5,449 | $6,448 | $8,051 | $10,476 |
| Umatilla | $662 | $944 | $1,547 | $2,381 | $3,450 |
| Winter Garden | $1,663 | $2,795 | $4,583 | $5,890 | $8,067 |
| Yalaha | $884 | $1,448 | $2,100 | $3,226 | $4,870 |
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 |
|---|---|---|---|---|---|
| Altoona | 2.09% | 1.84% | 1.64% | 1.31% | 1.31% |
| Astatula | 1.78% | 1.64% | 1.35% | 1.40% | 1.45% |
| Astor | 1.94% | 1.82% | 1.39% | 1.38% | 1.36% |
| Clermont | 0.77% | 1.00% | 1.22% | 1.33% | 1.38% |
| Deland | 1.59% | 1.70% | 1.47% | 1.34% | 1.21% |
| Eustis | 0.97% | 1.00% | 1.13% | 1.27% | 1.32% |
| Fruitland Park | 1.40% | 1.14% | 1.07% | 1.19% | 1.27% |
| Grand Island | 0.68% | 0.86% | 1.09% | 1.25% | 1.34% |
| Groveland | 0.86% | 0.91% | 1.33% | 1.49% | 1.50% |
| Howey In The Hills | 1.10% | 1.26% | 1.40% | 1.45% | 1.45% |
| Lady Lake | 0.90% | 1.07% | 1.40% | 1.49% | 1.41% |
| Leesburg | 1.25% | 1.06% | 1.04% | 1.19% | 1.37% |
| Mascotte | 1.31% | 0.95% | 1.45% | 1.69% | 1.87% |
| Minneola | 0.75% | 0.85% | 1.30% | 1.53% | 1.53% |
| Montverde | 1.23% | 1.27% | 1.24% | 1.20% | 1.22% |
| Mount Dora | 0.95% | 1.07% | 1.26% | 1.37% | 1.48% |
| Okahumpka | 1.87% | 1.74% | 1.28% | 1.17% | 1.32% |
| Paisley | 1.77% | 1.81% | 1.51% | 1.28% | 1.20% |
| Sorrento | 0.89% | 0.97% | 1.16% | 1.22% | 1.21% |
| Tavares | 0.78% | 0.94% | 1.14% | 1.38% | 1.48% |
| The Villages | 2.00% | 2.17% | 2.18% | 2.02% | 1.96% |
| Umatilla | 1.15% | 1.04% | 1.14% | 1.26% | 1.26% |
| Winter Garden | 0.92% | 1.09% | 1.24% | 1.20% | 1.19% |
| Yalaha | 1.09% | 0.97% | 1.09% | 1.15% | 1.22% |
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Real Estate Values in Lake County
The median home price in Lake County, Florida decreased by 7.31% from October 2022 to October 2023, from $380.0K to $352.4K. The home inventory in Lake County remained the same during this period, at 1.8K. This indicates that the decrease in home prices is likely due to a decrease in demand for homes in the area.
Average Home Value in Lake County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Lake County
Last updated: November 2023
Percent Change in New Home Listings in Lake County
Last updated: November 2023
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Mortgage Rates in Lake County
Mortgages in Lake County are a significant part of the local economy, with a total outstanding loan amount of $82.3 billion. 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 Lake County is 69.3K, which is a testament to the strength of the local housing market.
The median mortgage rate in Lake County varies significantly across cities, with Deland having the highest median rate at 5.63%, while Winter Garden has the lowest rate at 3.87%. This variation in rates is indicative of the different economic conditions across the county, and can be used to inform decisions about where to purchase a home. Overall, mortgages in Lake County are a major part of the local economy, and the variation in rates across cities can be used to make informed decisions about where to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lake County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | $11,809 | $26,469 | $80,621 | $154,499 | $234,324 |
| Astatula | $22,753 | $57,327 | $111,411 | $176,567 | $244,435 |
| Astor | $9,782 | $20,539 | $62,915 | $132,922 | $199,810 |
| Clermont | $53,686 | $96,828 | $170,099 | $245,707 | $321,462 |
| Deland | $6,790 | $23,646 | $56,444 | $139,023 | $242,631 |
| Eustis | $30,875 | $70,353 | $130,628 | $205,159 | $290,060 |
| Fruitland Park | $33,434 | $73,404 | $132,731 | $191,889 | $253,366 |
| Grand Island | $53,216 | $97,248 | $156,791 | $213,104 | $256,708 |
| Groveland | $66,125 | $117,954 | $186,838 | $238,116 | $289,156 |
| Howey In The Hills | $45,002 | $106,389 | $183,723 | $263,927 | $347,564 |
| Lady Lake | $29,126 | $62,188 | $110,028 | $166,343 | $237,799 |
| Leesburg | $30,326 | $65,395 | $116,380 | $177,502 | $237,957 |
| Mascotte | $36,095 | $68,230 | $145,859 | $206,997 | $242,649 |
| Minneola | $49,196 | $82,935 | $163,337 | $249,591 | $311,111 |
| Montverde | $31,225 | $76,910 | $185,115 | $312,645 | $428,816 |
| Mount Dora | $45,770 | $91,951 | $152,746 | $228,398 | $311,365 |
| Okahumpka | $10,741 | $27,749 | $69,641 | $170,265 | $278,867 |
| Paisley | $12,288 | $31,749 | $70,828 | $127,612 | $195,999 |
| Sorrento | $61,445 | $110,282 | $186,917 | $270,334 | $366,019 |
| Tavares | $36,394 | $73,904 | $133,121 | $186,302 | $246,604 |
| The Villages | $99,127 | $148,914 | $200,288 | $281,621 | $374,016 |
| Umatilla | $28,163 | $69,320 | $124,125 | $185,051 | $265,639 |
| Winter Garden | $68,198 | $182,772 | $293,527 | $356,591 | $481,800 |
| Yalaha | $49,979 | $91,920 | $155,400 | $231,886 | $329,321 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lake County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altoona | 3.10% | 3.88% | 5.06% | 6.95% | 8.02% |
| Astatula | 2.90% | 3.70% | 4.60% | 6.07% | 7.55% |
| Astor | 2.90% | 3.70% | 5.25% | 6.99% | 8.00% |
| Clermont | 2.93% | 3.60% | 4.25% | 5.74% | 6.96% |
| Deland | 3.10% | 3.89% | 5.63% | 7.04% | 8.24% |
| Eustis | 2.90% | 3.63% | 4.42% | 6.06% | 7.18% |
| Fruitland Park | 2.90% | 3.60% | 4.44% | 6.17% | 7.40% |
| Grand Island | 2.90% | 3.44% | 4.12% | 5.50% | 6.86% |
| Groveland | 2.90% | 3.50% | 4.06% | 4.87% | 6.30% |
| Howey In The Hills | 2.90% | 3.55% | 4.20% | 5.81% | 7.00% |
| Lady Lake | 2.90% | 3.56% | 4.20% | 5.75% | 7.06% |
| Leesburg | 2.90% | 3.58% | 4.30% | 5.88% | 7.09% |
| Mascotte | 3.01% | 3.61% | 4.40% | 6.00% | 7.17% |
| Minneola | 3.00% | 3.60% | 4.25% | 5.63% | 6.96% |
| Montverde | 3.00% | 3.68% | 4.42% | 6.28% | 7.52% |
| Mount Dora | 2.90% | 3.60% | 4.22% | 5.65% | 6.97% |
| Okahumpka | 3.00% | 3.59% | 5.10% | 6.95% | 7.52% |
| Paisley | 3.04% | 3.70% | 4.60% | 6.67% | 7.75% |
| Sorrento | 2.96% | 3.60% | 4.20% | 5.54% | 6.77% |
| Tavares | 2.90% | 3.60% | 4.25% | 5.70% | 6.97% |
| The Villages | 3.00% | 3.47% | 3.89% | 4.10% | 4.30% |
| Umatilla | 2.90% | 3.61% | 4.40% | 6.09% | 7.19% |
| Winter Garden | 2.90% | 3.17% | 3.87% | 4.60% | 6.85% |
| Yalaha | 2.90% | 3.42% | 4.02% | 5.35% | 7.01% |
Housing Expenses in Lake County, Florida
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