32312 Property Tax Rate

Property owners in ZIP code 32312 (Tallahassee, Florida) pay a median of $3,515/year in property taxes on homes valued at $406,200. This translates to an effective tax rate of 0.87%, which is 13% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32312 is approximately $293, which factors into escrow payments on mortgages. This ZIP code is located within Leon County. This is $870 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32312 has higher property taxes. ZIP codes with similar effective rates include 33478 (0.87%) and 33993 (0.86%).

In Tallahassee, property taxes represent approximately 2.9% of the median household income of $119,664, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your homestead property's tax assessment is capped at 3% annual increase or the Consumer Price Index, whichever is lower—but this resets to market value when you purchase, potentially increasing your Leon County tax bill significantly. Leon County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes if you qualify—file your homestead application with the Leon County Property Appraiser within 30 days of closing to lock in these savings. Contact the Leon County Property Appraiser's office to confirm your homestead status and verify your assessed value on your first tax notice.