34228 Property Tax Rate

Property owners in ZIP code 34228 (Longboat Key, Florida) pay a median of $8,048/year in property taxes on homes valued at $959,200. This translates to an effective tax rate of 0.84%, which is 10% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34228 is approximately $671, which factors into escrow payments on mortgages. This ZIP code is located within Sarasota County. This is $5,403 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34228 has lower property taxes. ZIP codes with similar effective rates include 32757 (0.84%) and 33187 (0.84%).

In Longboat Key, property taxes represent approximately 5.6% of the median household income of $143,365, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your assessed value is capped at 3% annual increases after homestead filing, but resets to market value at purchase. Sarasota County offers a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes for primary residences — file with the Sarasota County Property Appraiser by March 1 of the year following closing. Apply for homestead exemption immediately upon closing with the Sarasota County Property Appraiser to ensure the cap takes effect on your first tax assessment.