33404 Property Tax Rate

Property owners in ZIP code 33404 (West Palm Beach, Florida) pay a median of $2,797/year in property taxes on homes valued at $305,600. This translates to an effective tax rate of 0.92%, which is 20% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33404 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Palm Beach County.

Compared to similar ZIP codes in Florida, 33404 has lower property taxes. ZIP codes with similar effective rates include 33064 (0.92%) and 33301 (0.92%).

In West Palm Beach, property taxes represent approximately 4.6% of the median household income of $60,225, 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—Palm Beach County's highest effective rate (0.98%) means your tax bill will jump sharply at purchase. Palm Beach County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; apply immediately with the Palm Beach County Property Appraiser after closing to secure these critical deductions. File online at pbcgov.com/propertytax or bring your deed to the Property Appraiser's office within 30 days to verify your exemption application.