34289 Property Tax Rate

Property owners in ZIP code 34289 (North Port, Florida) pay a median of $4,611/year in property taxes on homes valued at $338,400. This translates to an effective tax rate of 1.36%, which is 78% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34289 is approximately $384, which factors into escrow payments on mortgages. This ZIP code is located within Sarasota County. This is $1,966 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34289 has higher property taxes. ZIP codes with similar effective rates include 33327 (1.35%) and 33815 (1.39%).

In North Port, property taxes represent approximately 4.9% of the median household income of $93,952, 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.