Lake Butler, Bradford County, Florida Property Taxes
Property Taxes in Lake Butler, Florida
Median Lake Butler, Florida effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Lake Butler, Florida home value: $132,662
Median annual Lake Butler, Florida tax bill: $931, lower than the national median property tax bill of $2,400.
How are property taxes in Bradford calculated?
Property taxes in Lake Butler, 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 Butler's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Butler, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Butler, Bradford County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,008
$936
How Does the Lake Butler Property Tax Calculator Work?
Use this Lake Butler property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Butler's median effective tax rate of 0.76% — based on actual property records in Bradford County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Butler'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 Butler: rates range from 0.76% in 32054 to 0.76% in 32054, 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 Lake Butler.
About Lake Butler Property Taxes
About Property Taxes in Lake Butler, Bradford, Florida
Lake Butler’s median effective property tax rate of 0.76% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Bradford 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 Lake Butler. Homeowners in the 32054 ZIP code carry a median effective rate of 0.76%, while those in the same ZIP code pay 0.76%. This spread reflects how school district boundaries and local assessment districts are drawn across Bradford County. Understanding which part of Lake Butler you live in can make a meaningful difference to your annual tax bill.
Lake Butler 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 Butler, Bradford 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 Butler'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 Butler Tax Rate
0.76%
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 Bradford County Tax Rate
0.85%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | 0.42% | 0.54% | 0.76% | 1.34% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
When examining property taxes in Lake Butler, 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 Bradford 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 Bradford County, assessment notices are sent in August 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 Butler.
For example, the median home price in Lake Butler is $132,662, with tax bills ranging significantly across the county. 32054 has the highest median home price at $132,662.
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
Source: Ownwell
$117,729
$178,007
$238,285
Median Lake Butler Market Value
$132,662
Median Bradford County Market Value
$132,871
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | $51,904 | $79,366 | $132,662 | $169,575 | $231,674 |
Source: Ownwell
Property Tax Bills Across Lake Butler, Bradford County, Florida
Property tax bills in Lake Butler are based on the assessed value of a home and the local tax rate set by Bradford County and other taxing authorities. The assessed value is compared with the market value of the property, and exemptions can reduce the amount that is taxed. For homeowners, this means the final bill depends on both the value of the home and the specific tax rates applied in the area.
With a median home price of $132,662, property taxes in Lake Butler can vary widely from one homeowner to another. The 25th percentile tax bill is $604, while the 75th percentile is $1,568 and the 90th percentile reaches $2,217. The median tax bill in ZIP code 32054 is $931, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. For many homeowners, a lower tax bill can ease monthly housing costs, while a higher assessed value can increase the amount owed.
Median Lake Butler Tax Bill
$931
Median Bradford County Tax Bill
$1,176
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | $361 | $604 | $931 | $1,568 | $2,217 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
Links | |
|---|---|
| Bradford Property Appraiser | |
| Website | bradfordappraiser.com |