34491 Property Tax Rate

Property owners in ZIP code 34491 (Summerfield, Florida) pay a median of $2,138/year in property taxes on homes valued at $253,100. This translates to an effective tax rate of 0.84%, which is 10% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34491 is approximately $178, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $507 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34491 has higher property taxes. ZIP codes with similar effective rates include 34291 (0.84%) and 33471 (0.84%).

In Summerfield, property taxes represent approximately 3.2% of the median household income of $65,900, 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.