33418 Property Tax Rate

Property owners in ZIP code 33418 (Palm Beach Gardens, Florida) pay a median of $6,234/year in property taxes on homes valued at $608,500. This translates to an effective tax rate of 1.02%, which is 34% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33418 is approximately $520, which factors into escrow payments on mortgages. This ZIP code is located within Palm Beach County. This is $3,589 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33418 has lower property taxes. ZIP codes with similar effective rates include 33534 (1.03%) and 34269 (1.03%).

In Palm Beach Gardens, property taxes represent approximately 5.1% of the median household income of $123,405, 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.