Grand Island, Lake County, Florida Property Taxes
Property Taxes in Grand Island, Florida
Median Grand Island, Florida effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Grand Island, Florida home value: $276,694
Median annual Grand Island, Florida tax bill: $2,484, $84 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Grand Island, 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 Grand Island's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Island, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Grand Island, Lake County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,463
$2,285
$774
Average Annual Tax Savings
How Does the Grand Island Property Tax Calculator Work?
Use this Grand Island property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Grand Island's median effective tax rate of 0.89% — based on actual property records in Lake 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 Grand Island'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 Grand Island: rates range from 0.89% in 32735 to 0.89% in 32735, primarily due to differences in school district levies and local assessment districts. Grand Island’s median property tax bill is $2,484, which is $84 higher than Florida’s median bill and below the national median property tax bill of $2,400.
If your estimate is higher than expected, Ownwell can appeal your Grand Island assessment — you only pay if we save you money.
About Grand Island Property Taxes
About Property Taxes in Grand Island, Lake, Florida
Grand Island's median effective property tax rate of 0.89% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Lake 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 Grand Island. Homeowners in the 32735 ZIP code carry a median effective rate of 0.89%, while those in the same ZIP code pay 0.89%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Grand Island you live in can make a meaningful difference to your annual tax bill.
Grand Island homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Grand Island, Lake 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 Grand Island'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 Grand Island Tax Rate
0.89%
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 County Tax Rate
0.97%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Island, Lake County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32735 | 0.54% | 0.67% | 0.89% | 1.25% | 1.47% |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Grand Island, Lake County, Florida
When examining property taxes in Grand Island, 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 Lake 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 Lake 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 Grand Island.
For example, the median home price in Grand Island is $276,694, with tax bills ranging significantly across the county. 32735 has the highest median home price at $276,694.
Property Tax Assessment Values Across Grand Island, Lake County, Florida
Source: Ownwell
$77,762
$722,411
$1,367,060
Median Grand Island Market Value
$276,694
Median Lake County Market Value
$298,900
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Island, Lake County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32735 | $187,369 | $242,489 | $276,694 | $309,899 | $363,306 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Grand Island, Lake County, Florida
Property tax bills in Grand Island are calculated using the assessed value of a home and the local tax rate set for Lake County. When a home’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. Homeowners in Grand Island should also consider that exemptions and appeal opportunities can affect what they ultimately owe.
The typical home value in Grand Island is $276,694, and property tax bills vary widely. The 25th percentile tax bill is $1,752, while the 75th percentile is $3,396 and the 90th percentile is $4,200. The median tax bill in ZIP code 32735 is $2,484, which is above the national median property tax bill of $2,400.
Ownwell can help homeowners lower their property tax bills by reviewing assessed values, identifying savings opportunities, and filing appeals when a home is overassessed. By making sure homeowners are not paying more than they should, Ownwell helps reduce the burden of property taxes.
Median Grand Island Tax Bill
$2,484
Median Lake County Tax Bill
$2,584
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Island, Lake County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32735 | $1,210 | $1,752 | $2,484 | $3,396 | $4,200 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | November 1 |
| Due Date #1 | March 31 |
Links | |
|---|---|
| Lake Property Appraiser | |
| Website | www.lakecopropappr.com |