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Bay Lake, Orange County, Florida Property Taxes

  • Median Bay Lake, FL effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Bay Lake, FL home value: $429,342

  • Median annual Bay Lake, FL tax bill: $7,721, $5,321 higher than the national median property tax bill of $2,400.

How are property taxes in Orange County calculated?

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

Last Updated March 1, 2025

Bay Lake, Orange County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$11,292

$10,478

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Bay Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bay Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Bay Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Orange County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bay Lake, Orange County, Florida

Local government entities determine tax rates, leading to significant variation within Florida. Each county annually calculates its required budget for services and divides it by the total value of all taxable property within its jurisdiction to arrive at the property tax rate. This process, influenced by votes and legislation, is how tax rates and budgets are set each year.

In Bay Lake, located in Orange County, the effective property tax rate is 2.63%. This is well above Florida's median and significantly higher than the national median property tax rate of 1.02%. Property owners in Bay Lake face higher tax burdens compared to other areas in Florida and the U.S.

Understanding these differences is crucial for homeowners and prospective buyers. It highlights the importance of being informed about local tax rates and how they can impact overall property expenses. By being aware of these variations, property owners can make more informed decisions and potentially seek assistance in managing their property tax obligations efficiently.

Property Tax Rates Across Bay Lake, Orange County, Florida

Source: Ownwell

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0.67%

1.21%

1.74%

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 Bay Lake Tax Rate

2.63%

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 Orange County Tax Rate

1.16%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bay Lake, Orange County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
32821N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Bay Lake, Orange County, Florida

When examining property taxes in Bay Lake, FL, 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 Orange County Property Appraiser's Office 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.

In Orange County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bay Lake. For example, the median home price in Bay Lake is $429,342, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Bay Lake, Orange County, Florida

Source: Ownwell

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$124,115

$2,295,610

$4,467,104

Median Bay Lake Market Value

$429,342

Median Orange County Market Value

$317,031

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bay Lake, Orange County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32821N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Bay Lake, Orange County, Florida

In Bay Lake, located in Orange County, Florida, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property location, size, and any improvements made can influence the assessed value. Compared to the national median property tax bill of $2,400, Bay Lake homeowners experience a wide range of tax bills. The 25th percentile tax bill is $3,862, significantly higher than the national median, while the 75th percentile reaches $72,097, and the 90th percentile soars to $110,722. These figures highlight the financial impact on homeowners, making it crucial to manage property taxes effectively. Ownwell offers valuable services to help homeowners in Bay Lake potentially reduce their property tax bills. By providing expert guidance on tax appeals and exemptions, Ownwell assists homeowners in navigating the complexities of property tax assessments, ensuring they only pay their fair share and potentially saving them significant amounts of money.

Property Tax Bills Across Bay Lake, Orange County, Florida

Source: Ownwell

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$976

$29,380

$57,783

Median Bay Lake Tax Bill

$7,721

Median Orange County Tax Bill

$3,346

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Bay Lake, Orange County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32821N/AN/AN/AN/AN/A

Source: Ownwell

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