Cedar Key, Levy County, Florida Property Taxes

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Property Taxes in Cedar Key, Florida

Median Cedar Key, Florida effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, and higher than the Florida state median of 1.10%.
Median Cedar Key, Florida home value: $237,500
Median annual Cedar Key, Florida tax bill: $3,360, higher than the national median property tax bill of $2,400.

How are property taxes in Levy calculated?

Property taxes in Cedar Key, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cedar Key's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cedar Key, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Cedar Key, Levy County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$3,681

$3,416

How Does the Cedar Key Property Tax Calculator Work?

Use this Cedar Key property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cedar Key's median effective tax rate of 1.55% — based on actual property records in Levy County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cedar Key's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Cedar Key: rates range from 1.55% in 32625 to 1.55% in 32625, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cedar Key.

About Cedar Key Property Taxes

About Property Taxes in Cedar Key, Levy, Florida

Cedar Key’s median effective property tax rate of 1.55% is higher than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Levy County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Cedar Key. Homeowners in the 32625 ZIP code carry a median effective rate of 1.55%, while those in the same ZIP also pay 1.55%. This spread shows how school district boundaries and local assessment districts are drawn across Levy County. Understanding which part of Cedar Key you live in can make a meaningful difference to your annual tax bill.

Cedar Key homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before the September 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Cedar Key, Levy County, Florida

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Cedar Key's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Cedar Key, Levy County, Florida

Source: Ownwell

0.82%

1.19%

1.55%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cedar Key Tax Rate

1.55%

Median Effective Levy County Tax Rate

1.08%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Key, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32625	0.62%	1.00%	1.55%	2.01%	2.17%

Source: Ownwell

Property Tax Assessment Values Across Cedar Key, Levy County, Florida

When examining property taxes in Cedar Key, Florida, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Levy County property appraiser estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Levy County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cedar Key.

For example, the median home price in Cedar Key is $237,500, with tax bills ranging significantly across the county. 32625 has the highest median home price at $237,500.

Property Tax Assessment Values Across Cedar Key, Levy County, Florida

Source: Ownwell

$108,521

$173,011

$237,500

Median Cedar Key Market Value

$237,500

Median Levy County Market Value

$143,300

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Key, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32625	$63,882	$125,000	$237,500	$354,294	$518,869

Source: Ownwell

Property Tax Bills Across Cedar Key, Levy County, Florida

Property tax bills in Cedar Key are based on the assessed value of a home and the local tax rate set by Levy County and other taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median price of $237,500, the property tax burden can vary widely depending on exemptions, local levies, and assessment details.

In Cedar Key, the median property tax bill is $3,360, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills in the area also range from $1,374 at the 25th percentile to $5,726 at the 75th percentile, with the 90th percentile reaching $8,037. For homeowners, this means property taxes can have a meaningful impact on annual housing costs, especially when assessed values rise faster than expected.

Property Tax Bills Across Cedar Key, Levy County, Florida

Source: Ownwell

$978

$2,169

$3,360

Median Cedar Key Tax Bill

$3,360

Median Levy County Tax Bill

$1,263

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Key, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32625	$677	$1,374	$3,360	$5,726	$8,037

Source: Ownwell

Don't miss the deadline to petition!

Dates
Property Valuation Date	January 1
Appeal Deadline	September 15
Tax Bill
Issued	November 1

Links
Levy Property Appraiser
Website	qpublic.schneidercorp.com

Frequently Asked Property Tax Questions in Cedar Key, Florida

How are property taxes calculated in Cedar Key, Florida?

Property taxes in Cedar Key, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Cedar Key, Florida?

To appeal your property taxes in Cedar Key, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Cedar Key, Florida?

Common property tax exemptions in Cedar Key, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Cedar Key, Florida?

Property tax deadlines in Cedar Key, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Cedar Key, Florida?

Ownwell provides professional property tax appeal services in Cedar Key, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.