33496 Property Tax Rate

Property owners in ZIP code 33496 (Boca Raton, Florida) pay a median of $4,975/year in property taxes on homes valued at $563,600. This translates to an effective tax rate of 0.88%, which is 15% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33496 is approximately $415, which factors into escrow payments on mortgages. This ZIP code is located within Palm Beach County. This is $2,330 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33496 has lower property taxes. ZIP codes with similar effective rates include 33569 (0.88%) and 33544 (0.88%).

In Boca Raton, property taxes represent approximately 4.5% of the median household income of $111,754, 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.