34475 Property Tax Rate

Property owners in ZIP code 34475 (Ocala, Florida) pay a median of $1,346/year in property taxes on homes valued at $170,300. This translates to an effective tax rate of 0.79%, which is 3% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34475 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $1,299 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34475 has lower property taxes. ZIP codes with similar effective rates include 32052 (0.79%) and 32257 (0.79%).

In Ocala, property taxes represent approximately 4.0% of the median household income of $33,515, providing context for the relative tax burden on homeowners in this area.

Florida reassesses to market value at closing, then the Save Our Homes Act restricts homestead annual increases to 3% or CPI. Marion County homeowners qualify for a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes — submit Form DR 501 to the Marion County Property Appraiser within 30 days of closing and establishing primary residence. Request a pre-assessment meeting with the Marion County Property Appraiser and file a Petition for Adjustment within 25 days of your Notice of Assessed Value if the opening valuation appears excessive relative to market data.