Average Tax Assessment in Marion County
Real Estate Values and Property Tax Valuation in Marion County, Florida
Marion County has a total of 158,720 properties with a cumulative value of $25.0B. This accounts for 1.21% of all real estate value in Florida. Property taxes in Marion County totaled $313.2M, with the average homeowner paying $1,976 in property taxes, which is lower than the state average of $3,597. The average property tax rate in Marion County is 1.25%, which is lower than the state average of 1.34%. Properties are 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 | |
|---|---|
| Marion Appraisal District | (903) 665-2519 |
| Marion Tax Office | (903) 665-3281 |
| TexasFile Clerk Records | - |
| Marion Treasurer | (317) 327-4444 |
| 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 Marion County
Residential Property Taxes by Cities in Marion County
Marion County has an average property tax rate of 1.25%, 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 property taxes due. Property taxes in Marion County are collected by the county and distributed to the various cities and townships. The effective property tax rate in Marion County varies across the cities, with The Villages having the highest rate at 1.58% and Morriston having the lowest rate at 0.92%. This means that property owners in The Villages will pay more in taxes than those in Morriston. The average property tax bill in Marion County is $1,976, which is slightly lower than the state average of $2,092. Property taxes are an important source of revenue for the county and help fund essential services such as schools, roads, and public safety.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Marion 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 |
|---|---|---|---|---|---|
| Anthony | $33,281 | $67,704 | $127,812 | $208,470 | $298,243 |
| Belleview | $36,033 | $69,604 | $107,899 | $153,924 | $214,054 |
| Citra | $17,763 | $36,269 | $77,735 | $151,973 | $257,877 |
| Dunnellon | $38,089 | $77,986 | $134,389 | $189,674 | $256,741 |
| Fort Mc Coy | $11,167 | $22,374 | $49,418 | $93,951 | $171,321 |
| Micanopy | $29,151 | $64,976 | $139,928 | $247,868 | $415,101 |
| Morriston | $77,137 | $133,498 | $235,538 | $381,410 | $659,145 |
| Ocala | $57,984 | $96,546 | $136,700 | $189,458 | $266,110 |
| Ocklawaha | $17,536 | $32,212 | $68,415 | $128,020 | $209,194 |
| Reddick | $26,230 | $53,876 | $104,723 | $241,068 | $479,574 |
| Silver Springs | $14,181 | $24,762 | $50,474 | $108,676 | $205,947 |
| Summerfield | $38,353 | $91,154 | $154,814 | $211,428 | $259,563 |
| The Villages | $162,117 | $188,307 | $220,807 | $265,911 | $324,801 |
| Umatilla | $8,677 | $17,715 | $35,706 | $79,202 | $163,728 |
| Weirsdale | $38,213 | $74,506 | $126,680 | $215,929 | $354,318 |
| Williston | $57,926 | $98,774 | $166,178 | $295,284 | $404,702 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Marion County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anthony | $463 | $791 | $1,281 | $2,129 | $3,221 |
| Belleview | $518 | $781 | $1,297 | $2,049 | $2,913 |
| Citra | $302 | $565 | $937 | $1,713 | $2,801 |
| Dunnellon | $422 | $831 | $1,486 | $2,313 | $3,293 |
| Fort Mc Coy | $302 | $449 | $750 | $1,261 | $2,222 |
| Micanopy | $482 | $778 | $1,370 | $2,407 | $3,979 |
| Morriston | $801 | $1,242 | $2,359 | $3,966 | $5,869 |
| Ocala | $644 | $949 | $1,672 | $2,593 | $3,699 |
| Ocklawaha | $308 | $565 | $860 | $1,575 | $2,708 |
| Reddick | $425 | $725 | $1,266 | $2,390 | $4,461 |
| Silver Springs | $302 | $470 | $756 | $1,357 | $2,521 |
| Summerfield | $592 | $976 | $1,768 | $2,621 | $3,416 |
| The Villages | $2,374 | $2,905 | $3,523 | $4,331 | $5,342 |
| Umatilla | $267 | $364 | $655 | $1,071 | $2,000 |
| Weirsdale | $541 | $817 | $1,439 | $2,518 | $4,634 |
| Williston | $669 | $939 | $1,716 | $2,743 | $4,273 |
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 |
|---|---|---|---|---|---|
| Anthony | 1.39% | 1.17% | 1.00% | 1.02% | 1.08% |
| Belleview | 1.44% | 1.12% | 1.20% | 1.33% | 1.36% |
| Citra | 1.70% | 1.56% | 1.21% | 1.13% | 1.09% |
| Dunnellon | 1.11% | 1.07% | 1.11% | 1.22% | 1.28% |
| Fort Mc Coy | 2.70% | 2.01% | 1.52% | 1.34% | 1.30% |
| Micanopy | 1.65% | 1.20% | 0.98% | 0.97% | 0.96% |
| Morriston | 1.04% | 0.93% | 1.00% | 1.04% | 0.89% |
| Ocala | 1.11% | 0.98% | 1.22% | 1.37% | 1.39% |
| Ocklawaha | 1.76% | 1.75% | 1.26% | 1.23% | 1.29% |
| Reddick | 1.62% | 1.35% | 1.21% | 0.99% | 0.93% |
| Silver Springs | 2.13% | 1.90% | 1.50% | 1.25% | 1.22% |
| Summerfield | 1.54% | 1.07% | 1.14% | 1.24% | 1.32% |
| The Villages | 1.46% | 1.54% | 1.60% | 1.63% | 1.64% |
| Umatilla | 3.08% | 2.05% | 1.83% | 1.35% | 1.22% |
| Weirsdale | 1.42% | 1.10% | 1.14% | 1.17% | 1.31% |
| Williston | 1.15% | 0.95% | 1.03% | 0.93% | 1.06% |
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Real Estate Values in Marion County
The median home price in Marion County, Florida decreased by 2.85% from October 2022 to October 2023, from $279.9K to $271.0K. This decrease in home prices is accompanied by an increase in home inventory, from 2.5K in October 2022 to 2.7K in October 2023. This suggests that the housing market in Marion County is becoming more competitive, with more homes available for buyers to choose from.
Average Home Value in Marion County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Marion County
Last updated: November 2023
Percent Change in New Home Listings in Marion County
Last updated: November 2023
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Mortgage Rates in Marion County
Marion County has a total of $8.4 billion in outstanding home mortgage loans, representing 60,000 individual loans. This amount is equivalent to approximately 25% of the total home value in the county. The median mortgage rate in Marion County varies significantly between cities, with Umatilla having the highest median rate of 4.75%, and Dunnellon having the lowest rate of 4.16%. This variation in rates can make a significant difference in the amount of money a homeowner pays over the life of their loan. It is important for potential homeowners to research the different rates available in their area to ensure they are getting the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Marion County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anthony | $33,594 | $60,094 | $114,826 | $181,428 | $277,230 |
| Belleview | $32,783 | $60,765 | $103,476 | $159,230 | $219,358 |
| Citra | $23,023 | $46,405 | $102,506 | $176,364 | $284,228 |
| Dunnellon | $33,338 | $61,065 | $105,461 | $165,059 | $239,296 |
| Fort Mc Coy | $12,820 | $27,562 | $68,422 | $130,643 | $226,192 |
| Micanopy | $36,501 | $63,460 | $133,026 | $234,409 | $367,640 |
| Morriston | $59,016 | $110,429 | $239,724 | $346,437 | $542,440 |
| Ocala | $41,961 | $70,895 | $116,057 | $172,483 | $244,240 |
| Ocklawaha | $22,098 | $44,293 | $86,059 | $142,985 | $218,466 |
| Reddick | $26,127 | $51,457 | $119,729 | $260,581 | $531,097 |
| Silver Springs | $13,229 | $30,315 | $66,879 | $137,074 | $220,928 |
| Summerfield | $36,008 | $67,261 | $112,158 | $164,850 | $225,332 |
| The Villages | $46,631 | $72,809 | $123,747 | $184,586 | $249,394 |
| Umatilla | $14,289 | $32,564 | $83,070 | $152,271 | $251,775 |
| Weirsdale | $29,272 | $60,984 | $133,717 | $216,304 | $345,798 |
| Williston | $46,643 | $72,089 | $135,636 | $256,481 | $379,606 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Marion County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anthony | 2.93% | 3.59% | 4.36% | 5.78% | 7.00% |
| Belleview | 2.90% | 3.50% | 4.25% | 5.69% | 6.87% |
| Citra | 2.96% | 3.62% | 4.60% | 6.10% | 7.18% |
| Dunnellon | 2.90% | 3.46% | 4.16% | 5.54% | 6.67% |
| Fort Mc Coy | 2.90% | 3.69% | 4.50% | 6.20% | 8.00% |
| Micanopy | 3.00% | 3.58% | 4.20% | 5.88% | 7.07% |
| Morriston | 2.90% | 3.49% | 4.30% | 5.99% | 6.53% |
| Ocala | 2.90% | 3.46% | 4.16% | 5.50% | 6.49% |
| Ocklawaha | 2.90% | 3.55% | 4.40% | 6.00% | 7.75% |
| Reddick | 3.00% | 3.60% | 4.50% | 6.21% | 7.96% |
| Silver Springs | 2.90% | 3.70% | 4.50% | 6.19% | 8.00% |
| Summerfield | 2.90% | 3.50% | 4.19% | 5.60% | 6.50% |
| The Villages | 2.97% | 3.62% | 4.40% | 5.77% | 6.30% |
| Umatilla | 3.00% | 3.77% | 4.75% | 6.30% | 8.50% |
| Weirsdale | 2.90% | 3.60% | 4.40% | 6.15% | 8.00% |
| Williston | 3.18% | 3.85% | 4.43% | 5.97% | 7.07% |
Housing Expenses in Marion County, Florida
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