34974 Property Tax Rate

Property owners in ZIP code 34974 (Okeechobee, Florida) pay a median of $1,311/year in property taxes on homes valued at $162,900. This translates to an effective tax rate of 0.80%, which is 5% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34974 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Glades County. This is $1,334 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34974 has higher property taxes. ZIP codes with similar effective rates include 34772 (0.80%) and 33140 (0.80%).

In Okeechobee, property taxes represent approximately 2.6% of the median household income of $50,671, 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—expect your tax bill to be based on the new purchase price. Glades County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; file your application with the Glades County Property Appraiser immediately after purchase. Contact the Glades County Property Appraiser's office to confirm your homestead exemption has been recorded and will appear on your initial tax bill.