32177 Property Tax Rate

Property owners in ZIP code 32177 (Palatka, Florida) pay a median of $1,365/year in property taxes on homes valued at $158,800. This translates to an effective tax rate of 0.86%, which is 12% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32177 is approximately $114, which factors into escrow payments on mortgages. This ZIP code is located within Putnam County. This is $1,280 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32177 has lower property taxes. ZIP codes with similar effective rates include 33306 (0.86%) and 33629 (0.86%).

In Palatka, property taxes represent approximately 2.9% of the median household income of $47,486, providing context for the relative tax burden on homeowners in this area.

Florida's Save Our Homes Act resets your tax base to purchase price at sale, then limits homestead annual increases to 3% or CPI. Putnam County provides a $25,000 homestead exemption plus up to $25,000 additional exemption on non-school assessed value — file Form DR 501 with the Putnam County Property Appraiser within 30 days of taking occupancy as your primary residence. The Putnam County Property Appraiser will issue a Notice of Assessed Value; submit a Petition for Adjustment within 25 days if the opening assessment significantly exceeds recent comparable sales in the county.