34994 Property Tax Rate

Property owners in ZIP code 34994 (Stuart, Florida) pay a median of $1,716/year in property taxes on homes valued at $248,900. This translates to an effective tax rate of 0.69%, which is 10% below the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34994 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Martin County. This is $929 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34994 has lower property taxes. ZIP codes with similar effective rates include 33785 (0.69%) and 34683 (0.69%).

In Stuart, property taxes represent approximately 2.7% of the median household income of $62,895, 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—Martin County's high effective rate (1.51%) makes this reassessment particularly expensive. Martin County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; file with the Martin County Property Appraiser within 30 days of purchase to minimize the impact of reassessment. Contact the Property Appraiser at (772) 221-8000 or visit martin.fl.us/propertytax to confirm your homestead application was processed.