34484 Property Tax Rate

Property owners in ZIP code 34484 (Oxford, Florida) pay a median of $2,359/year in property taxes on homes valued at $375,800. This translates to an effective tax rate of 0.63%, which is 18% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34484 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Sumter County. This is $286 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34484 has higher property taxes. ZIP codes with similar effective rates include 34690 (0.63%) and 33585 (0.63%).

In Oxford, property taxes represent approximately 2.6% of the median household income of $90,826, providing context for the relative tax burden on homeowners in this area.

Florida resets your tax base to market value at closing, then the Save Our Homes Act limits homestead annual increases to 3% or CPI. Sumter County provides a $25,000 homestead exemption plus up to $25,000 additional exemption on non-school taxes — complete and file Form DR 501 with the Sumter County Property Appraiser within 30 days of closing and taking occupancy. Contact the Sumter County Property Appraiser to review your preliminary assessment before your Notice of Assessed Value is finalized, and file a Petition for Adjustment within 25 days if the opening valuation appears above comparable recent sales.