32907 Property Tax Rate
Palm Bay, Florida · Part of Brevard County
Effective Tax Rate
0.59%
43.4% below state avgMedian Annual Tax
$1,496
$125/mo escrow
Estimate Your Tax
Annual Tax
$1,496
Monthly
$125
Eff. Rate
0.59%
Buyer decision brief
What ZIP 32907 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$125/mo
Based on median annual tax paid
State context
0.18 percentage points below the Florida average
Florida average: 0.76%
Data confidence
High confidenceThe Census margin of error is $136, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Brevard County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 32907 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$136 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Brevard County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 32907
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $253,700, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.59%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Florida and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $125 per month before insurance, HOA dues, or special assessments.
Assessor verification
Brevard County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 32907 Compares
Median Annual Property Tax
ZIP 32907
0.59%
Effective rate
Florida Avg
0.76%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Florida
Lower than 87% of ZIP codes in Florida(13th percentile, 928 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 32907
Property owners in ZIP code 32907 (Palm Bay, Florida) pay a median of $1,496/year in property taxes on homes valued at $253,700. This translates to an effective tax rate of 0.59%, which is 23% below the Florida state average of 0.76%.
The monthly property tax burden for a median-valued home in 32907 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Brevard County. This is $1,149 less than the Florida average of $2,645/year.
Compared to similar ZIP codes in Florida, 32907 has lower property taxes. ZIP codes with similar effective rates include 32960 (0.59%) and 33042 (0.59%).
In Palm Bay, property taxes represent approximately 2.1% of the median household income of $71,827, providing context for the relative tax burden on homeowners in this area.
Under Florida's Save Our Homes Act, your homestead property's assessed value is capped at 3% annual increases, but resets to market value upon sale—your tax bill will be based on the purchase price. Brevard County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; submit your exemption application to the Brevard County Property Appraiser within 30 days of closing. Verify your homestead status by reviewing your property record card on brevardpa.gov or calling the assessor's office at (321) 633-2000.
Frequently Asked Questions
What is the property tax rate in ZIP code 32907?
How much are property taxes in Palm Bay, FL (32907)?
How does ZIP 32907 compare to the Florida average?
What is the median home value in ZIP 32907?
What county is ZIP code 32907 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$136. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 32907 is part of Brevard County, Florida. View the full county profile for broader context and more data.
View Brevard County on TaxByCounty →Explore Palm Bay, FL
View all 4 ZIP codes in Palm Bay with property tax comparisons.
View Palm Bay Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 32907
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
32927
Cocoa, FL
0.03 percentage points lower than ZIP 32907.
Rate
0.56%
Tax
$1,465
Quality
96
32796
Titusville, FL
0.02 percentage points lower than ZIP 32907.
Rate
0.57%
Tax
$1,385
Quality
96
32950
Malabar, FL
0.00 percentage points lower than ZIP 32907.
Rate
0.59%
Tax
$2,598
Quality
84
33109
Miami Beach, FL
0.09 percentage points lower than ZIP 32907.
Rate
0.50%
Tax
$10,001
Quality
82
33921
Boca Grande, FL
0.09 percentage points lower than ZIP 32907.
Rate
0.50%
Tax
$10,001
Quality
68
34102
Naples, FL
$1,168,300 higher median home value than ZIP 32907.
Rate
0.60%
Tax
$8,480
Quality
89
33122
Miami, FL
$1,031,000 higher median home value than ZIP 32907.
Rate
0.78%
Tax
$10,001
Quality
82
33149
Key Biscayne, FL
$977,800 higher median home value than ZIP 32907.
Rate
0.81%
Tax
$10,001
Quality
72
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.