Tax Estimator

The Seminole County Tax Collector offers a Real Estate Property Tax Estimator for private individuals who are interested in finding the approximate tax amount for a parcel of property for the current year. By entering information about the property, the Tax Estimator can calculate the estimated taxes. Please note: The Tax Estimator will calculate all ad valorem taxes. Non-ad valorem taxes (i.e. lighting, sewer, etc) will not be included in this estimate.

New Law Effective January 1, 2005 ( s. 689.261 F.S.)

In summary:

• It provides that purchasers of residential property must be presented a disclosure summary at or before executing a contract of sale.
• It provides a property tax disclosure summary with format and language. It provides that unless a substantially similar disclosure summary is included in the contract of sale, a separate disclosure summary must be attached to the contract of sale.
• It provides the format of the disclosure to include advisement that:
  • The buyer should not rely on the seller's current property taxes as the amount the buyer may owe after purchase.
  • A change of ownership or property improvement triggers reassessment of the property that might result in higher taxes. Contact the property appraiser for questions concerning valuation.
  • It provides the disclosure must be provided by the seller unless included in the contract for sale. If the disclosure is not in the contract, the contract must refer to and incorporate by reference the disclosure summary and all the contracts must include, in prominent language, a statement that the potential purchaser should not execute the contract until the disclosure has been read.

The Tax Estimator is exactly what its name implies. The amount shown should only be used as a guideline and should not be considered an exact amount.

There are several types of exemptions that you may be eligible to receive other than the Homestead Exemption which could lower your taxes such as disability and widow/widower exemptions.

NOTE: Exemptions are not deducted from the amount of tax you owe; they reduce the assessed value on which the taxes are calculated. You should visit or call the Property Appraiser for more information.

Explanation of Terms

Market Value	The current market value determined by the Property Appraiser.
Location	Determines the millage rate that will be used  for the calculation.  Millage rates are different for each city/unincorporated area.  Click here for the 2007 Tax Millage Rate Chart.
Taxable Value	The value that is used to make the calculation.  This value is determined by subtracting all the exemption amounts  from the Market Value.  (For our purposes, only the Homestead Exemption is subtracted from the Market Value.)
Millage Rate	A rate set by the taxing authorities (City/County/etc.) used to reach their annual budgetary expenses.  This rate, at 10 mils, amounts to approximately $10 for every $1000 of the property's market value.
Primary Residence (Homestead Exemption)	If you live on the property in question as of January 1st of any given year, you may be eligible for a $25,000 Homestead Exemption.  If you do not take up residence on that property as of January 1st, you will not be eligible for this exemption.

2007 Millage Rate Breakdown for Each Municipality

Codes	Property Location	County	City	Fire	Road	Total
01	County	12.3317	N/A	2.3299	0.1068	14.7684
G1	Agriculture	12.3317	N/A	N/A	0.1068	12.4385
A1	Altamonte	12.3317	2.4343	2.3299	N/A	17.0959
C1	Casselberry	12.3317	4.5410	N/A	N/A	16.8727
M1	Lake Mary	12.3317	3.5797	N/A	N/A	15.9114
L1	Longwood	12.3317	4.9900	N/A	N/A	17.3217
V1	Oviedo	12.3317	4.8714	N/A	N/A	17.2031
S1	Sanford	12.3317	6.3250	N/A	N/A	18.6567
W1	Winter Springs	12.3317	3.3518	N/A	N/A	15.6835

Unincorporated County residents must pay for county, county bond, school, school bond, fire, road and St. John's Water Management District. They may also include assessments such as, street lighting, solid waste and others.

City residents must pay for the city millage as well as the millage for the county. They may also include additional assessments depending on the city.

2007 Unincorporated County Millage Breakdown
County			4.3578
	General	4.3578
School			7.4130
	RLE	4.6980
	Discretionary Basic	0.5100
	Discretionary Supplemental	0.2050
	Capital Outlay	2.000
Bonds                    (Natural Lands and Trails)
	County		0.1451
St. Johns Water Management			0.4158
Total County Millage			12.3317