Minneola, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Minneola, Florida
The city of Minneola, Florida has a total of 4,744 properties with a cumulative value of $1.1B. This accounts for 3.90% of all real estate value in Lake County. Property taxes in Minneola totaled $13.7M, with an average homeowner paying $2,883 in taxes compared to the county average of $2,535. The average property tax rate in Minneola is 1.29%, slightly higher than the county average of 1.28%. 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 | |
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Lake Recorder | (440) 350-2510 |
Lake Assessor | (847) 377-2050 |
Lake Assessor | (219) 755-3100 |
Lake Assessor | (406) 896-4000 |
Important Dates | |
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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 Minneola, Florida
Residential Property Tax by ZIP code in Minneola, Florida
Minneola, located in Lake County, Florida, has an average property tax rate of 1.29%, which is slightly higher than the average property tax rate for Lake County, which is 1.28%. This difference is due to the fact that the value of homes in Minneola is higher than the average for Lake County. The ZIP code with the highest effective property tax rate in Minneola is 34715, with an effective rate of 1.29%. The ZIP code with the lowest effective property tax rate in Minneola is not available, but it is likely to be lower than the average rate for the county.
Property tax rates in Minneola vary across ZIP codes because of differences in home values. The higher the value of a home, the higher the effective property tax rate. This means that homeowners in Minneola with higher-valued homes will pay more in property taxes than those with lower-valued homes. It is important to note that the average property tax rate in Minneola is slightly higher than the average for Lake County, so homeowners in Minneola should be aware of this when considering their property tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Minneola, Florida. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
34715 | $143,672 | $185,753 | $214,808 | $256,282 | $308,838 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Minneola, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
34715 | $1,072 | $1,578 | $2,786 | $3,919 | $4,740 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
34715 | 0.75% | 0.85% | 1.30% | 1.53% | 1.53% |
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Real Estate Values in Minneola, Florida
Average Home Value in Minneola, Florida
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Minneola, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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