Longboat Key, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Longboat Key, Florida
Longboat Key is home to 5,313 properties with a cumulative value of $4.5B. This accounts for 6.61% of all real estate value in Sarasota County. Property taxes in Longboat Key totaled $58.8M, with an average homeowner paying $11,070 in property taxes compared to the county average of $3,806. The average property tax rate in Longboat Key is 1.31%, higher than the county average of 1.22%. Property taxes are based on the assessed value of the property, which is usually 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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Sarasota Property Appraiser | (941) 861-8200 |
Sarasota Tax Collector | (941) 861-8300 |
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 Longboat Key, Florida
Residential Property Tax by ZIP code in Longboat Key, Florida
Longboat Key is located in Sarasota County, Florida and has an average property tax rate of 1.31%. This rate is slightly higher than the average Sarasota County property tax rate of 1.22%. Property taxes in Longboat Key are collected annually and in 2023, the total amount collected was estimated to be $11,070.
Property tax rates in Longboat Key vary across ZIP codes due to differences in home values. The ZIP code with the highest effective property tax rate is 34228, with a rate of 1.31%. The ZIP code with the lowest effective property tax rate is not available, but it is likely to be lower than the average rate of 1.31%. Property taxes in Longboat Key are an important source of revenue for the county and help to 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 ZIP code in Longboat Key, 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 |
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34228 | $269,300 | $414,500 | $627,500 | $984,900 | $1,628,840 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Longboat Key, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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34228 | $3,304 | $5,496 | $8,253 | $12,735 | $20,717 |
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 |
---|---|---|---|---|---|
34228 | 1.23% | 1.33% | 1.32% | 1.29% | 1.27% |
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Real Estate Values in Longboat Key, Florida
We currently do not have this data but we are working to add this soon.
Average Home Value in Longboat Key, 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 Longboat Key, 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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