34237 Property Tax Rate

Property owners in ZIP code 34237 (Sarasota, Florida) pay a median of $1,436/year in property taxes on homes valued at $234,400. This translates to an effective tax rate of 0.61%, which is 20% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34237 is approximately $120, which factors into escrow payments on mortgages. This ZIP code is located within Sarasota County. This is $1,209 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34237 has higher property taxes. ZIP codes with similar effective rates include 33614 (0.61%) and 34232 (0.61%).

In Sarasota, property taxes represent approximately 2.3% of the median household income of $63,133, 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.