34638 Property Tax Rate

Property owners in ZIP code 34638 (Land O Lakes, Florida) pay a median of $3,885/year in property taxes on homes valued at $378,200. This translates to an effective tax rate of 1.03%, which is 34% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34638 is approximately $324, which factors into escrow payments on mortgages. This ZIP code is located within Pasco County. This is $1,240 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34638 has higher property taxes. ZIP codes with similar effective rates include 34269 (1.03%) and 33534 (1.03%).

In Land O Lakes, property taxes represent approximately 3.3% of the median household income of $117,931, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your homestead property's assessed value is capped at 3% annually, but resets to market value upon sale—your tax bill will be based on the purchase price. Pasco County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; apply with the Pasco County Property Appraiser immediately after closing to secure these deductions. File online at pascoaccessor.com or contact the Property Appraiser's office within 30 days to confirm your homestead exemption application.