32958 Property Tax Rate

Property owners in ZIP code 32958 (Sebastian, Florida) pay a median of $1,964/year in property taxes on homes valued at $279,100. This translates to an effective tax rate of 0.70%, which is 8% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 32958 is approximately $164, which factors into escrow payments on mortgages. This ZIP code is located within Indian River County. This is $681 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 32958 has lower property taxes. ZIP codes with similar effective rates include 32735 (0.70%) and 32686 (0.70%).

In Sebastian, property taxes represent approximately 2.9% of the median household income of $68,276, 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% annually, but resets to market value upon sale—expect your tax bill to be based on the new purchase price. Indian River County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; file your application with the Indian River County Property Appraiser immediately after purchase to qualify from day one. Contact the Property Appraiser's office at (772) 226-1880 or visit ircpa.org to confirm your exemption has been recorded.