Altamonte Springs, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Altamonte Springs, Florida
Altamonte Springs has 18,952 properties with a cumulative value of $3.4B, making up 8.89% of all real estate value in Seminole County. Property taxes in Altamonte Springs totaled $36.6M, with the average homeowner paying $1,948 in taxes, which is lower than the county average of $2,786. The average property tax rate in Altamonte Springs is 1.08%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Seminole Clerk/Registrar of Deeds | (405) 257-2501 |
| Seminole Property Appraiser | (407) 665-7506 |
| Seminole Clerk of Court | (229) 524-2525 |
| Seminole Assessor | (405) 257-3371 |
| 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 Altamonte Springs, Florida
Residential Property Tax by ZIP code in Altamonte Springs, Florida
Altamonte Springs has an average property tax rate of 1.08%, which is the same as the average Seminole County property tax rate. This means that homeowners in Altamonte Springs pay the same amount of property taxes as homeowners in the rest of Seminole County. However, property tax rates in Altamonte Springs vary across ZIP codes. The ZIP code with the highest effective property tax rate is 32714, with a rate of 1.09%, while the ZIP code with the lowest effective property tax rate is 32701, with a rate of 1.07%. This variation in property tax rates is due to differences in home values across ZIP codes. For example, homes in 32714 may be more expensive than homes in 32701, resulting in a higher effective property tax rate. Altamonte Springs homeowners should be aware of the differences in property tax rates across ZIP codes when considering where to purchase a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Altamonte Springs, 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 |
|---|---|---|---|---|---|
| 32701 | $70,401 | $95,688 | $149,524 | $228,399 | $280,883 |
| 32714 | $79,235 | $115,610 | $175,164 | $229,893 | $291,073 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Altamonte Springs, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32701 | $538 | $1,010 | $1,472 | $2,371 | $3,504 |
| 32714 | $698 | $1,203 | $1,768 | $2,638 | $3,665 |
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 |
|---|---|---|---|---|---|
| 32701 | 0.76% | 1.06% | 0.98% | 1.04% | 1.25% |
| 32714 | 0.88% | 1.04% | 1.01% | 1.15% | 1.26% |
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Real Estate Values in Altamonte Springs, Florida
Average Home Value in Altamonte Springs, 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 Altamonte Springs, 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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