Okeechobee, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Okeechobee, Florida
There are a total of 15,290 properties in the city of Okeechobee, Florida which are cumulatively valued at $2.5B. This represents 100.00% of all real estate value in the county of Okeechobee County. A total of $25.8M was collected in property taxes in Okeechobee across 15,290 properties, with the average homeowner paying $1,758 in property taxes compared to a county average of $1,758. The average property tax rate in Okeechobee is 1.05% while the county average is 1.05%. Property taxes are 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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Okeechobee Clerk / Recorder | (863) 763-2131 |
Okeechobee Property Appraiser | (863) 763-4422 |
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 | |
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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 Okeechobee, Florida
Residential Property Tax by ZIP code in Okeechobee, Florida
Okeechobee property taxes are relatively low compared to the rest of Okeechobee County, with an average property tax rate of 1.05%. This rate is slightly lower than the county average of 1.05%. However, property tax rates can vary significantly across ZIP codes in Okeechobee. For example, the ZIP code with the highest effective property tax rate is 34974, with a rate of 1.22%, while the ZIP code with the lowest effective property tax rate is 34972, with a rate of 0.9%. These differences in property tax rates are largely due to variations in home values across ZIP codes. For example, homes in 34974 may be more expensive than homes in 34972, resulting in a higher effective property tax rate. Overall, Okeechobee property taxes are relatively low compared to the rest of the county, but there are significant variations in rates across ZIP codes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Okeechobee, 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 |
---|---|---|---|---|---|
34972 | $22,476 | $61,253 | $106,240 | $174,097 | $307,189 |
34974 | $34,467 | $59,676 | $96,037 | $158,506 | $234,661 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Okeechobee, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
34972 | $477 | $777 | $1,216 | $2,047 | $3,253 |
34974 | $518 | $814 | $1,223 | $1,952 | $3,036 |
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 |
---|---|---|---|---|---|
34972 | 2.12% | 1.27% | 1.14% | 1.18% | 1.06% |
34974 | 1.50% | 1.36% | 1.27% | 1.23% | 1.29% |
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Real Estate Values in Okeechobee, Florida
Average Home Value in Okeechobee, Florida
Last updated: November 2023
Average home value over time in Okeechobee, Florida
Last updated: November 2023
Total unique home listings in Okeechobee, Florida
Last updated: November 2023
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Housing Expenses in Okeechobee, 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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