Average Tax Assessment in Manatee County
Real Estate Values and Property Tax Valuation in Manatee County, Florida
Manatee County has a total of 162,979 properties with a cumulative value of $44.3B, representing 2.13% of all real estate value in Florida. Property taxes in Manatee County totaled $619.4M, with the average homeowner paying $3,829 in property taxes, which is higher than the state average of $3,597. The average property tax rate in Manatee County is 1.40%, which is higher than the state average of 1.34%. Properties are valued for tax purposes based on their market value, which is determined by the local property appraiser.
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 | |
|---|---|
| Manatee Property Appraiser | (941) 748-8208 |
| Manatee Clerk / Recorder | (941) 749-1800 |
| 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 Manatee County
Residential Property Taxes by Cities in Manatee County
Manatee County has an average property tax rate of 1.40%, which is slightly lower than the state average of 1.50%. This rate applies to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, Lakewood Ranch has the highest effective property tax rate in the county at 1.76%, while Myakka City has the lowest at 0.97%. This means that homeowners in Lakewood Ranch will pay significantly more in property taxes than those in Myakka City.
Overall, Manatee County has a relatively low property tax rate compared to other counties in Florida. However, it is important to note that the effective rate can vary significantly from city to city. Homeowners should research the effective property tax rate in their city before making a decision on where to buy a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Manatee 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 |
|---|---|---|---|---|---|
| Anna Maria | $558,444 | $709,166 | $874,978 | $1,227,446 | $1,765,556 |
| Bradenton Beach | $164,183 | $235,000 | $353,906 | $530,000 | $767,040 |
| Bradenton | $62,500 | $116,775 | $189,658 | $289,130 | $418,002 |
| Cortez | $83,256 | $153,523 | $365,000 | $480,698 | $767,346 |
| Ellenton | $51,030 | $87,853 | $182,084 | $250,084 | $322,394 |
| Holmes Beach | $295,000 | $375,000 | $556,161 | $771,640 | $1,147,901 |
| Lakewood Ranch | $175,000 | $243,589 | $322,006 | $462,986 | $711,523 |
| Longboat Key | $265,000 | $305,000 | $435,000 | $590,000 | $1,027,565 |
| Myakka City | $115,422 | $193,383 | $284,051 | $394,246 | $523,376 |
| Palmetto | $61,265 | $112,616 | $184,612 | $240,689 | $324,080 |
| Parrish | $155,410 | $210,994 | $257,706 | $321,981 | $409,883 |
| Sarasota | $132,000 | $188,859 | $234,746 | $287,418 | $341,614 |
| Terra Ceia | $142,612 | $222,613 | $391,692 | $567,992 | $746,817 |
| University Park | $253,000 | $303,510 | $394,405 | $548,578 | $668,382 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Manatee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anna Maria | $4,869 | $8,900 | $12,785 | $18,370 | $26,674 |
| Bradenton Beach | $2,606 | $3,612 | $5,545 | $8,504 | $11,609 |
| Bradenton | $699 | $1,310 | $2,430 | $4,165 | $6,471 |
| Cortez | $1,113 | $1,781 | $4,709 | $6,789 | $9,961 |
| Ellenton | $584 | $918 | $1,814 | $3,117 | $4,015 |
| Holmes Beach | $4,083 | $5,411 | $8,031 | $11,825 | $17,118 |
| Lakewood Ranch | $2,711 | $3,950 | $5,819 | $8,792 | $13,292 |
| Longboat Key | $3,511 | $4,767 | $6,627 | $9,395 | $15,798 |
| Myakka City | $930 | $1,611 | $2,699 | $4,119 | $5,939 |
| Palmetto | $651 | $1,089 | $2,072 | $3,509 | $5,151 |
| Parrish | $1,658 | $2,589 | $3,647 | $4,790 | $5,968 |
| Sarasota | $1,224 | $1,921 | $2,844 | $3,767 | $4,799 |
| Terra Ceia | $1,222 | $2,049 | $3,469 | $5,972 | $7,952 |
| University Park | $4,044 | $5,255 | $6,720 | $9,454 | $11,619 |
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 |
|---|---|---|---|---|---|
| Anna Maria | 0.87% | 1.25% | 1.46% | 1.50% | 1.51% |
| Bradenton Beach | 1.59% | 1.54% | 1.57% | 1.60% | 1.51% |
| Bradenton | 1.12% | 1.12% | 1.28% | 1.44% | 1.55% |
| Cortez | 1.34% | 1.16% | 1.29% | 1.41% | 1.30% |
| Ellenton | 1.14% | 1.04% | 1.00% | 1.25% | 1.25% |
| Holmes Beach | 1.38% | 1.44% | 1.44% | 1.53% | 1.49% |
| Lakewood Ranch | 1.55% | 1.62% | 1.81% | 1.90% | 1.87% |
| Longboat Key | 1.32% | 1.56% | 1.52% | 1.59% | 1.54% |
| Myakka City | 0.81% | 0.83% | 0.95% | 1.04% | 1.13% |
| Palmetto | 1.06% | 0.97% | 1.12% | 1.46% | 1.59% |
| Parrish | 1.07% | 1.23% | 1.42% | 1.49% | 1.46% |
| Sarasota | 0.93% | 1.02% | 1.21% | 1.31% | 1.40% |
| Terra Ceia | 0.86% | 0.92% | 0.89% | 1.05% | 1.06% |
| University Park | 1.60% | 1.73% | 1.70% | 1.72% | 1.74% |
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Real Estate Values in Manatee County
The data from Redfin shows that the median home price in Manatee County, Florida decreased by 17.57% from October 2022 to October 2023. This indicates that the housing market in Manatee County is cooling off, as the median home price has decreased significantly over the course of one year. Additionally, the home inventory in Manatee County increased from 2.5K in October 2022 to 2.8K in October 2023, indicating that there is more housing supply available in the area. This could be contributing to the decrease in median home prices. Overall, the data from Redfin suggests that the housing market in Manatee County, Florida is cooling off.
Average Home Value in Manatee County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Manatee County
Last updated: November 2023
Percent Change in New Home Listings in Manatee County
Last updated: November 2023
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Mortgage Rates in Manatee County
Mortgages in Manatee County are a major factor in the local economy. According to recent statistics, there is a total of $77.3 billion in outstanding loan amounts across home mortgages in the county. This is equivalent to 69.9 thousand outstanding loans, representing a significant portion of the total home value in the area.
The median mortgage rate in Manatee County varies across cities. Myakka City has the highest median mortgage rate at 4.4%, while University Park has the lowest at 4.4%. This indicates that there is a wide range of mortgage rates available in the county, allowing potential homeowners to find the best deal for their needs. Overall, mortgages in Manatee County are an important part of the local economy and provide a range of options for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Manatee County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anna Maria | $189,587 | $309,523 | $521,846 | $1,016,610 | $1,530,701 |
| Bradenton Beach | $107,447 | $187,420 | $290,968 | $465,977 | $879,976 |
| Bradenton | $51,739 | $100,463 | $178,718 | $273,117 | $386,173 |
| Cortez | $54,782 | $162,641 | $283,926 | $383,315 | $783,868 |
| Ellenton | $62,680 | $118,384 | $188,172 | $264,081 | $350,452 |
| Holmes Beach | $122,680 | $212,382 | $327,644 | $526,983 | $886,882 |
| Lakewood Ranch | $99,527 | $153,839 | $240,748 | $347,470 | $507,010 |
| Longboat Key | $107,671 | $186,526 | $277,803 | $429,359 | $646,436 |
| Myakka City | $56,819 | $117,853 | $201,575 | $296,754 | $418,957 |
| Palmetto | $55,287 | $108,752 | $182,529 | $247,361 | $329,216 |
| Parrish | $99,811 | $153,050 | $217,654 | $284,376 | $361,065 |
| Sarasota | $64,468 | $108,596 | $171,655 | $244,414 | $323,451 |
| Terra Ceia | $62,795 | $136,366 | $278,175 | $398,914 | $515,742 |
| University Park | $127,216 | $181,213 | $266,774 | $376,312 | $524,093 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Manatee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anna Maria | 2.80% | 3.10% | 3.99% | 5.81% | 7.24% |
| Bradenton Beach | 2.80% | 3.15% | 4.14% | 5.89% | 7.10% |
| Bradenton | 2.90% | 3.50% | 4.16% | 5.73% | 7.08% |
| Cortez | 2.80% | 3.50% | 4.20% | 6.07% | 7.46% |
| Ellenton | 2.93% | 3.68% | 4.25% | 5.64% | 6.87% |
| Holmes Beach | 2.87% | 3.43% | 4.16% | 5.85% | 7.12% |
| Lakewood Ranch | 2.90% | 3.50% | 4.13% | 5.60% | 6.80% |
| Longboat Key | 2.90% | 3.42% | 4.16% | 5.87% | 7.18% |
| Myakka City | 3.10% | 3.75% | 4.40% | 6.22% | 7.48% |
| Palmetto | 2.90% | 3.53% | 4.17% | 5.52% | 7.04% |
| Parrish | 2.80% | 3.20% | 3.91% | 4.60% | 6.05% |
| Sarasota | 2.93% | 3.60% | 4.33% | 6.01% | 7.14% |
| Terra Ceia | 2.80% | 3.56% | 4.21% | 5.96% | 7.43% |
| University Park | 2.90% | 3.52% | 4.40% | 6.15% | 7.41% |
Housing Expenses in Manatee County, Florida
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