34607 Property Tax Rate

Property owners in ZIP code 34607 (Spring Hill, Florida) pay a median of $2,460/year in property taxes on homes valued at $343,100. This translates to an effective tax rate of 0.72%, which is 6% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34607 is approximately $205, which factors into escrow payments on mortgages. This ZIP code is located within Hernando County.

Compared to similar ZIP codes in Florida, 34607 has higher property taxes. ZIP codes with similar effective rates include 33777 (0.72%) and 32803 (0.72%).

In Spring Hill, property taxes represent approximately 4.0% of the median household income of $61,221, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, the property is reassessed at purchase price but then capped at 3% annual growth if homestead exemption is filed. Hernando County offers a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes — file with the Hernando County Property Appraiser by March 1 of the year following closing. File for homestead exemption with the Hernando County Property Appraiser within 60 days of purchase to ensure the 3% cap applies starting with your next assessment.