32054 Property Tax Rate

Property owners in ZIP code 32054 (Lake Butler, Florida) pay a median of $923/year in property taxes on homes valued at $166,700. This translates to an effective tax rate of 0.55%, which is 28% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32054 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Union County. This is $1,722 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32054 has lower property taxes. ZIP codes with similar effective rates include 32322 (0.55%) and 32413 (0.55%).

In Lake Butler, property taxes represent approximately 1.4% of the median household income of $67,044, providing context for the relative tax burden on homeowners in this area.

Florida reassesses to market value at sale, then the Save Our Homes Act restricts homestead annual increases to 3% or CPI. Union County provides a $25,000 homestead exemption plus up to $25,000 additional exemption on non-school taxes — complete Form DR 501 and file it with the Union County Property Appraiser within 30 days of taking occupancy as your primary residence. The Union County Property Appraiser will issue a Notice of Assessed Value; file a Petition for Adjustment within 25 days if the assessment exceeds comparable recent sales in your area.