32094 Property Tax Rate

Property owners in ZIP code 32094 (Wellborn, Florida) pay a median of $958/year in property taxes on homes valued at $181,300. This translates to an effective tax rate of 0.53%, which is 31% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32094 is approximately $80, which factors into escrow payments on mortgages. This ZIP code is located within Suwannee County. This is $1,687 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32094 has higher property taxes. ZIP codes with similar effective rates include 34981 (0.53%) and 32503 (0.53%).

In Wellborn, property taxes represent approximately 1.3% of the median household income of $74,423, providing context for the relative tax burden on homeowners in this area.

Florida resets your tax base to market value at purchase, then the Save Our Homes Act limits homestead annual increases to 3% or CPI. Suwannee County's $25,000 homestead exemption (plus additional $25,000 on non-school taxes) is available to owner-occupants — submit Form DR 501 to the Suwannee County Property Appraiser no later than 30 days after you establish primary residence. The Suwannee County Property Appraiser will send a Notice of Assessed Value; file a Petition for Adjustment within 25 days if you believe the opening assessment overstates fair market value.