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Palm Bay, Brevard County, Florida Property Taxes

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Property Taxes in Palm Bay, Florida

  • Median Palm Bay, Florida effective property tax rate: 1.06%, significantly lower than the national median of 1.02%, and higher than the Florida state median of 1.10%.

  • Median Palm Bay, Florida home value: $238,120

  • Median annual Palm Bay, Florida tax bill: $2,122, $278 lower than the national median property tax bill of $2,400.

How are property taxes in Brevard calculated?

Property taxes in Palm Bay, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Palm Bay's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palm Bay, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Palm Bay, Brevard County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$2,524

$2,342

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Palm Bay Property Tax Calculator Work?

Use this Palm Bay property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Palm Bay's median effective tax rate of 1.06% — based on actual property records in Brevard County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Palm Bay's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Palm Bay: rates range from $1,799.00 in 32905 to $2,329.00 in 32909, primarily due to differences in school district levies and local assessment districts. Palm Bay's median property tax bill is $2,122, which is higher than the Florida median tax bill by $278 and lower than the national median property tax bill of $2,400.

If your estimate is higher than expected, Ownwell can appeal your Palm Bay assessment — you only pay if we save you money.

About Palm Bay Property Taxes

About Property Taxes in Palm Bay, Brevard, Florida

Palm Bay’s median effective property tax rate of 1.06% is lower than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Brevard County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Palm Bay. Homeowners in ZIP code 32908 carry a median effective rate of 1.29%, while those in 32907 pay 0.93%. This spread — 0.36 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Brevard County. Understanding which part of Palm Bay you live in can make a meaningful difference to your annual tax bill.

Palm Bay homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before the September 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Palm Bay, Brevard County, Florida

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Palm Bay's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Palm Bay, Brevard County, Florida

Source: Ownwell

0.75%

1.16%

1.58%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palm Bay Tax Rate

1.06%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Brevard County Tax Rate

0.99%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palm Bay, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
329050.23%0.41%1.11%1.55%1.83%
329070.28%0.38%0.93%1.61%1.88%
329080.34%0.63%1.29%1.80%1.97%
329090.30%0.51%1.11%1.67%1.89%

Source: Ownwell

Property Tax Assessment Values Across Palm Bay, Brevard County, Florida

When examining property taxes in Palm Bay, Florida, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Brevard County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Brevard County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of August.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For Palm Bay, the median home price is $238,120, with a median tax bill of $2,122. The highest median home price is in 32909 at $249,385.

Property Tax Assessment Values Across Palm Bay, Brevard County, Florida

Source: Ownwell

$133,030

$319,350

$505,670

Median Palm Bay Market Value

$238,120

Median Brevard County Market Value

$268,880

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palm Bay, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
32905$108,474$146,480$197,140$244,620$307,540
32907$168,334$211,388$247,605$291,272$329,923
32908$22,000$174,020$240,140$279,855$317,859
32909$44,000$190,755$249,385$297,760$360,080

Source: Ownwell

Property Tax Bills Across Palm Bay, Brevard County, Florida

Palm Bay property tax bills are calculated by multiplying the assessed value of a home by the local tax rate, then applying any exemptions that reduce the taxable amount. The assessed value is based on the market value of the property, so changes in home prices can affect what homeowners owe. In Brevard County, this means a higher assessed value can lead to a higher tax bill, while exemptions can help lower it.

For Palm Bay homeowners, property taxes can vary widely. The 25th percentile tax bill is $839, while the 75th percentile is $3,623, and the 90th percentile reaches $4,825. The median tax bill is $2,329 in ZIP code 32909 and $1,799 in ZIP code 32905. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, many homeowners may be paying more than they should.

Ownwell helps homeowners identify savings opportunities and appeal unfair assessments, which can reduce property tax bills and keep more money in your pocket.

Property Tax Bills Across Palm Bay, Brevard County, Florida

Source: Ownwell

$1,260

$2,797

$4,333

Median Palm Bay Tax Bill

$2,122

Median Brevard County Tax Bill

$2,489

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Palm Bay, Brevard County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
32905$373$755$1,799$2,908$4,076
32907$603$898$2,152$3,630$4,736
32908$418$672$2,167$3,826$4,901
32909$513$851$2,329$3,922$5,094

Source: Ownwell

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Frequently Asked Property Tax Questions in Palm Bay, Florida

How are property taxes calculated in Palm Bay, Florida?
Property taxes in Palm Bay, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Palm Bay, Florida?
To appeal your property taxes in Palm Bay, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Palm Bay, Florida?
Common property tax exemptions in Palm Bay, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Palm Bay, Florida?
Property tax deadlines in Palm Bay, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Palm Bay, Florida?
Ownwell provides professional property tax appeal services in Palm Bay, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.