Otter Creek, Levy County, Florida Property Taxes

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Property Taxes in Otter Creek, Florida

Median Otter Creek, Florida effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, and higher than the Florida state median of 1.10%.
Median Otter Creek, Florida home value: $44,804
Median annual Otter Creek, Florida tax bill: $599, lower than the national median property tax bill of $2,400.

How are property taxes in Levy calculated?

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

Last Updated April 13, 2026

Otter Creek, Levy County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.74%

Estimate Property Tax Bill

$780

$723

How Does the Otter Creek Property Tax Calculator Work?

Use this Otter Creek property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Otter Creek's median effective tax rate of 1.74% — 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 Otter Creek'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 Otter Creek: rates range from the lowest to the highest, 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 Otter Creek.

About Otter Creek Property Taxes

About Property Taxes in Otter Creek, Levy, Florida

Otter Creek's median effective property tax rate of 1.74% 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 Otter Creek. Homeowners in the highest ZIP code carry a median effective rate of 1.74%, while those in the lowest ZIP code pay 1.74%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Levy County. Understanding which part of Otter Creek you live in can make a meaningful difference to your annual tax bill.

Otter Creek homeowners who believe their assessed value is too high can file a formal appeal with the local Property Appraiser before September 15, 2026.

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 Otter Creek, 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 Otter Creek'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 Otter Creek, 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 Otter CreekTax Rate

1.74%

Median Effective LevyCounty Tax Rate

1.08%

Median Effective FloridaTax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Otter Creek, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
32683	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Otter Creek, Levy County, Florida

When examining property taxes in Otter Creek, 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 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 are sent in the spring each year and typically reach property owners by the middle of the season. Each notice includes both the market value and assessed value, along with an estimate of your property tax bill.

For example, the median home price in Otter Creek is $44,804, with tax bills ranging significantly across the county. The median tax bill is $599, compared with the national median property tax bill of $2,400.

Property Tax Assessment Values Across Otter Creek, Levy County, Florida

Source: Ownwell

$108,521

$173,011

$237,500

Median Otter Creek Market Value

$44,804

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 Otter Creek, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
32683	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Otter Creek, Levy County, Florida

How Are Property Tax Bills Calculated in Otter Creek?

Property tax bills in Otter Creek are based on the assessed value of a home and the local tax rate set by Levy County and other taxing authorities. The bill is calculated by applying the tax rate to the assessed value, so homes with higher market values generally face larger tax bills. Factors such as exemptions, local levies, and changes in assessed value can all affect what a homeowner pays each year.

With a median home price of $44,804, many homeowners in Otter Creek see property tax bills that are below the national median property tax bill of $2,400. The 25th percentile tax bill is $270, while the 75th percentile is $1,221 and the 90th percentile reaches $1,826. These figures show how property taxes can vary widely depending on a home’s value and the specific tax rates applied. For homeowners, even small changes in assessed value can have a meaningful impact on the annual bill.

Property Tax Bills Across Otter Creek, Levy County, Florida

Source: Ownwell

$978

$2,169

$3,360

Median Otter Creek Tax Bill

$599

Median Levy County Tax Bill

$1,263

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Otter Creek, Levy County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
32683	N/A	N/A	N/A	N/A	N/A

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 Otter Creek, Florida

How are property taxes calculated in Otter Creek, Florida?

Property taxes in Otter Creek, 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 Otter Creek, Florida?

To appeal your property taxes in Otter Creek, 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 Otter Creek, Florida?

Common property tax exemptions in Otter Creek, 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 Otter Creek, Florida?

Property tax deadlines in Otter Creek, 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 Otter Creek, Florida?

Ownwell provides professional property tax appeal services in Otter Creek, 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.