Lake County, Florida property tax
The median homeowner in Lake County, Florida pays $2,284 a year in property tax on a home worth $287,900, an effective rate of 0.79%. The national effective rate is 0.98%.
What the rate means here
At 0.79%, Lake County taxes property more lightly than the national 0.98%. The bill works out at $2,284 a year. Low-rate counties usually have another revenue source doing the work, whether that is a state funding formula, sales tax or severance revenue from extraction.
It ranks #21 of 67 Florida counties by effective rate, against a statewide 0.79%, and #1,481 nationally. The state runs from 1.05% in Hardee County down to 0.45% in Walton County.
The median home costs 4.12 times the median household income of $69,956, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. At 398,696 residents the county is large enough that its median blends several distinct housing markets.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Lake County | Florida | United States | |
|---|---|---|---|
| Effective property tax | 0.79% | 0.79% | 0.98% |
| Median tax bill | $2,284 | $2,555 | $2,969 |
| Median home value | $287,900 | $325,000 | $303,400 |
| Median gross rent | $1,468 | $1,564 | $1,348 |
| Median household income | $69,956 | $71,711 | $78,538 |
| Home price to income | 4.12× | 4.53× | 3.86× |
| Rent as share of income | 25.18% | 26.17% | 20.6% |
| Owner-occupied | 76.65% | 67.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 398,696.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Osceola County | 0.79% | $2,498 | $317,600 |
| Marion County | 0.75% | $1,659 | $220,800 |
| Collier County | 0.66% | $3,219 | $486,800 |
| Manatee County | 0.79% | $2,853 | $359,800 |
| Sarasota County | 0.76% | $2,826 | $373,100 |
Lake County property tax: common questions
What is the property tax rate in Lake County, Florida?
The effective rate is 0.79% of home value, from a median tax bill of $2,284 against a median home value of $287,900. That is 0.19 points below the national 0.98%.
How much is property tax on a $400,000 home in Lake County?
Roughly $3,160 a year at the county effective rate of 0.79%.
Is Lake County expensive compared with the rest of Florida?
It ranks #21 of 67 Florida counties by effective property tax rate, and #1481 of 2,826 nationally. That is 0 points above the Florida average of 0.79%.
What does housing cost in Lake County?
The median home is worth $287,900 and median gross rent is $1,468 a month. Median household income is $69,956, which puts the home at 4.12 times annual income and rent at 25.18% of it.