34481 Property Tax Rate

Property owners in ZIP code 34481 (Ocala, Florida) pay a median of $1,576/year in property taxes on homes valued at $213,000. This translates to an effective tax rate of 0.74%, which is 3% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34481 is approximately $131, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $1,069 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34481 has lower property taxes. ZIP codes with similar effective rates include 32744 (0.74%) and 33625 (0.74%).

In Ocala, property taxes represent approximately 2.9% of the median household income of $54,639, 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.