34442 Property Tax Rate

Property owners in ZIP code 34442 (Hernando, Florida) pay a median of $1,969/year in property taxes on homes valued at $295,900. This translates to an effective tax rate of 0.67%, which is 13% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34442 is approximately $164, which factors into escrow payments on mortgages. This ZIP code is located within Citrus County. This is $676 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34442 has higher property taxes. ZIP codes with similar effective rates include 32244 (0.67%) and 34669 (0.67%).

In Hernando, property taxes represent approximately 3.5% of the median household income of $55,473, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your assessment resets to market value at sale but then is capped at 3% annual increases once homestead status is established. Citrus County provides a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes — file with the Citrus County Property Appraiser by March 1 of the year following purchase to activate the growth cap. Contact the Citrus County Property Appraiser's office before your first tax bill arrives to register for homestead exemption and confirm your base year valuation.