Property Taxes in Lake Park, Florida
Median Lake Park, Florida effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, and higher than the Florida state median of 1.10%.
Median Lake Park, Florida home value: $313,652
Median annual Lake Park, Florida tax bill: $4,665, higher than the national median property tax bill of $2,400.
How are property taxes in Palm Beach calculated?
Property taxes in Lake Park, 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 Lake Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Park, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Lake Park Property Tax Calculator Work?
Use this Lake Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lake Park's median effective tax rate of 1.79% — based on actual property records in Palm Beach 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 Lake Park'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 Lake Park: rates range from 1.79% in 33403 to 1.79% in 33403, primarily due to differences in school district levies and local assessment districts. Lake Park's median property tax bill is $4,665, which is higher than Florida's median tax bill by $2,265 and higher than the national median property tax bill of $2,400.
If your estimate is higher than expected, Ownwell can appeal your Lake Park assessment — you only pay if we save you money.
About Lake Park Property Taxes
About Property Taxes in Lake Park, Palm Beach, Florida
Lake Park’s median effective property tax rate of 1.79% is higher than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Palm Beach County base levy combined with local school district levies and Municipal Service Benefit Units that can vary by subdivision throughout the city.
Property tax rates are not uniform across Lake Park. Homeowners in ZIP code 33403 carry a median effective rate of 1.79%, and the same ZIP code also has the lowest median rate at 1.79%. Because school district boundaries and local assessment districts shape how taxes are calculated, knowing where your home sits in Lake Park can still matter when reviewing your bill.
Lake Park 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 Lake Park, Palm Beach 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 Lake Park's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
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 Lake Park Tax Rate
1.79%
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 Palm Beach County Tax Rate
1.20%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Lake Park, Palm Beach County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | 0.73% | 1.04% | 1.79% | 2.18% | 2.41% |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Assessment Values Across Lake Park, Palm Beach County, Florida
When examining property taxes in Lake Park, 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 Palm Beach 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 Palm Beach County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of August.
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 Lake Park.
For example, the median home price in Lake Park is $313,652, with tax bills ranging significantly across the county. 33403 has the highest median home price at $313,652.
Property Tax Assessment Values Across Lake Park, Palm Beach County, Florida
Source: Ownwell
$120,505
$745,768
$1,371,030
Median Lake Park Market Value
$313,652
Median Palm Beach County Market Value
$386,119
Median Florida Market Value
$310,033
Median United States Market Value
$274,101
Property Tax Assessment Values Across Lake Park, Palm Beach County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | $116,017 | $258,377 | $313,652 | $350,006 | $403,366 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Bills Across Lake Park, Palm Beach County, Florida
Property tax bills in Lake Park are determined by multiplying the assessed value of a home by the local tax rate, then applying any exemptions or adjustments. For homeowners, that means a higher market value can lead to a larger bill, while eligible exemptions can help reduce what is owed. In Lake Park, the median home price is $313,652, and property tax bills vary widely, with the 25th percentile at $2,394 and the 75th percentile at $7,010. The highest median tax bill in the city is $4,665 in ZIP code 33403, which is well above the national median property tax bill of $2,400.
Ownwell helps homeowners lower their property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals when a home is overassessed. By making sure your assessed value is accurate, Ownwell can help reduce the amount you pay each year and keep more money in your pocket.
Median Lake Park Tax Bill
$4,665
Median Palm Beach County Tax Bill
$4,412
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$3,209
Property Tax Bills Across Lake Park, Palm Beach County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33403 | $1,590 | $2,394 | $4,665 | $7,010 | $8,344 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 14 |
| Tax Bill | |
| Issued | November 1 |
| Due Date #1 | March 31 |
Links | |
|---|---|
| Palm Beach Property Appraiser | |
| Phone | (561) 355-3230 |
| Website | www.pbcgov.org |
| pa-info@pbcgov.org | |