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Thursday, November 21, 2024

Analysis: Orange County effective property tax rate were lighter than the national average in Q4 2022

Realestate4

Property owners in Orange County paid 0.6% of the value of their homes in property taxes in the fourth quarter of 2022, which is less than 0.6 times the national average, according to the real estate analysis posted by the Orlando Standard.

The median sales price of a Orange County home in the fourth quarter of 2022 was $320,000, based on data from the 4,249 properties sold during that time. In 2019 the median tax bill for the county was $2,064, which is 0.6% of the median value of the homes that were taxed.

This is 0.6 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Orange County real estate data showed homeowners in Citrus Ridge paid the highest tax rate of 1.2%.

The following table compares Citrus Ridge with some other cities belonging to Orange County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Citrus Ridge2$219,000$2,7291.2%
Doctor Phillips51$460,000$3,9400.9%
Winter Park182$432,500$3,7190.9%
Oakland13$428,200$3,6750.9%
Bay Hill32$675,000$6,0560.9%
Lake Hart1$650,000$5,1850.8%
Lake Butter70$942,500$7,5780.8%
Maitland44$395,500$3,3520.8%
Conway55$295,000$2,3360.8%
Windermere62$577,500$3,9870.7%
Orlando2,125$310,000$2,3220.7%
Winter Garden143$430,000$2,8570.7%
Hunters Creek30$440,000$2,9400.7%
Meadow Woods80$337,500$2,4030.7%
Goldenrod13$331,500$2,2090.7%
Mt. Dora 13$407,000$2,4620.6%
Tangelo Park5$170,000$9500.6%
Gotha8$549,500$3,1170.6%
Wedgefield32$460,000$2,9020.6%
Ocoee127$388,000$2,3680.6%
Bithlo43$210,000$1,1950.6%
Fairview Shores42$341,450$1,9370.6%
Orlovista36$179,500$1,1140.6%
Apopka299$355,000$2,2360.6%
Southchase7$375,000$2,1470.6%
Tangerine6$436,500$2,4740.6%
Lockhart73$250,000$1,3080.5%
Paradise Heights8$215,000$1,1570.5%
Union Park36$309,750$1,5010.5%
Azalea Park36$277,500$1,3880.5%
Pine Hills159$225,500$1,1120.5%
Eatonville9$209,000$1,0060.5%
Pine Castle20$304,500$1,6020.5%
Holden Heights13$370,000$1,8570.5%
Oak Ridge38$245,000$1,0180.4%
Sky Lake18$252,500$9630.4%
Taft19$140,000$6090.4%
Zellwood26$132,500$5830.4%
Tildenville2$272,000$7400.3%
Christmas 7$324,500$7770.2%
South Apopka26$305,000$7070.2%

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