33434 Property Tax Rate

Property owners in ZIP code 33434 (Boca Raton, Florida) pay a median of $2,802/year in property taxes on homes valued at $379,300. This translates to an effective tax rate of 0.74%, which is 3% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33434 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Palm Beach County.

Compared to similar ZIP codes in Florida, 33434 has lower property taxes. ZIP codes with similar effective rates include 32825 (0.74%) and 33125 (0.74%).

In Boca Raton, property taxes represent approximately 3.7% of the median household income of $75,480, 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.