34614 Property Tax Rate

Property owners in ZIP code 34614 (Brooksville, Florida) pay a median of $2,050/year in property taxes on homes valued at $272,100. This translates to an effective tax rate of 0.75%, which is near the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34614 is approximately $171, which factors into escrow payments on mortgages. This ZIP code is located within Hernando County. This is $595 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34614 has higher property taxes. ZIP codes with similar effective rates include 34238 (0.75%) and 34613 (0.75%).

In Brooksville, property taxes represent approximately 2.6% of the median household income of $79,560, 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.