32040 Property Tax Rate

Property owners in ZIP code 32040 (Glen Saint Mary, Florida) pay a median of $1,330/year in property taxes on homes valued at $203,900. This translates to an effective tax rate of 0.65%, which is 15% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32040 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Baker County. This is $1,315 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32040 has higher property taxes. ZIP codes with similar effective rates include 34947 (0.65%) and 32011 (0.65%).

In Glen Saint Mary, property taxes represent approximately 1.7% of the median household income of $76,667, providing context for the relative tax burden on homeowners in this area.

Florida's Save Our Homes Act resets assessments to current market value at purchase, but homestead properties thereafter increase by no more than 3% or CPI annually. Baker County homeowners may claim a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes — submit Form DR 501 to the Baker County Property Appraiser within 30 days of closing. The Baker County Property Appraiser will send a Notice of Assessed Value; file a written challenge (Petition for Adjustment) within 25 days if the opening assessment appears inconsistent with your purchase price or comparable properties.