33437 Property Tax Rate

Property owners in ZIP code 33437 (Boynton Beach, Florida) pay a median of $3,554/year in property taxes on homes valued at $391,000. This translates to an effective tax rate of 0.91%, which is 19% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33437 is approximately $296, which factors into escrow payments on mortgages. This ZIP code is located within Palm Beach County. This is $909 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33437 has higher property taxes. ZIP codes with similar effective rates include 34984 (0.91%) and 32340 (0.91%).

In Boynton Beach, property taxes represent approximately 4.5% of the median household income of $78,941, 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.