34231 Property Tax Rate

Property owners in ZIP code 34231 (Sarasota, Florida) pay a median of $2,518/year in property taxes on homes valued at $363,400. This translates to an effective tax rate of 0.69%, which is 9% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34231 is approximately $210, which factors into escrow payments on mortgages. This ZIP code is located within Sarasota County.

Compared to similar ZIP codes in Florida, 34231 has higher property taxes. ZIP codes with similar effective rates include 32110 (0.69%) and 32759 (0.69%).

In Sarasota, property taxes represent approximately 3.6% of the median household income of $69,721, 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.