34997 Property Tax Rate

Property owners in ZIP code 34997 (Stuart, Florida) pay a median of $2,690/year in property taxes on homes valued at $335,200. 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 34997 is approximately $224, which factors into escrow payments on mortgages. This ZIP code is located within Martin County.

Compared to similar ZIP codes in Florida, 34997 has lower property taxes. ZIP codes with similar effective rates include 32301 (0.80%) and 34982 (0.80%).

In Stuart, property taxes represent approximately 3.6% of the median household income of $75,705, 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.