Oak Hill, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Oak Hill, Florida
Oak Hill has 1,451 properties with a cumulative value of $250.4M, representing 0.51% of all real estate value in Volusia County. Property taxes in Oak Hill totaled $3.6M, with an average homeowner paying $2,498 in property taxes compared to the county average of $2,863. The average property tax rate in Oak Hill is 1.45%, while the county average is 1.31%. 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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Volusia Clerk of the Circuit Court | (386) 736-5912 |
Volusia Property Appraiser | (386) 736-5901 |
Volusia Tax Collector | (386) 736-5938 |
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 Oak Hill, Florida
Residential Property Tax by ZIP code in Oak Hill, Florida
Oak Hill has an average property tax rate of 1.45%, which is higher than the average rate for Volusia County, which is 1.31%. This means that homeowners in Oak Hill pay slightly more in property taxes than homeowners in other parts of the county. However, property tax rates in Oak Hill vary across ZIP codes. The ZIP code with the highest effective property tax rate is 32759, with a rate of 1.45%. This is likely due to the higher home values in this area. On the other hand, the ZIP code with the lowest effective property tax rate is not specified, but it is likely to be lower than the average rate for Oak Hill.
Overall, Oak Hill has higher property tax rates than the rest of Volusia County, but the rates vary across ZIP codes. This is because of differences in home values by ZIP code, with higher home values resulting in higher property tax rates. Homeowners in Oak Hill should be aware of the property tax rates in their ZIP code in order to plan their finances accordingly.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Oak Hill, 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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32759 | $42,146 | $87,450 | $150,697 | $219,633 | $317,810 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Oak Hill, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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32759 | $452 | $899 | $1,753 | $3,320 | $5,346 |
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 |
---|---|---|---|---|---|
32759 | 1.07% | 1.03% | 1.16% | 1.51% | 1.68% |
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Real Estate Values in Oak Hill, Florida
Average Home Value in Oak Hill, 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 Oak Hill, 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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