34731 Property Tax Rate

Property owners in ZIP code 34731 (Fruitland Park, Florida) pay a median of $1,317/year in property taxes on homes valued at $185,900. This translates to an effective tax rate of 0.71%, which is 7% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34731 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Lake County. This is $1,328 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34731 has lower property taxes. ZIP codes with similar effective rates include 32703 (0.71%) and 33484 (0.71%).

In Fruitland Park, property taxes represent approximately 2.1% of the median household income of $63,329, providing context for the relative tax burden on homeowners in this area.

Florida's Save Our Homes Act resets assessments to current market value at closing, then homestead properties increase by no more than 3% or CPI annually. Lake County homeowners may claim a $25,000 homestead exemption plus an additional $25,000 exemption on non-school assessed value — file Form DR 501 with the Lake County Property Appraiser within 30 days of occupying the home as your primary residence. Request the Lake County Property Appraiser's preliminary assessment before closing and submit a Petition for Adjustment within 25 days of the Notice of Assessed Value if the opening value exceeds recent comparable sales.