Silver Springs, Marion County, Florida Property Taxes

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Property Taxes in Silver Springs, Florida

Median Silver Springs, Florida effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, and higher than the Florida state median of 1.10%.
Median Silver Springs, Florida home value: $86,273
Median annual Silver Springs, Florida tax bill: $894, $1,506 lower than the national median property tax bill of $2,400.

How are property taxes in Marion calculated?

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

Last Updated April 13, 2026

Silver Springs, Marion County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$984

$913

How Does the Silver Springs Property Tax Calculator Work?

Use this Silver Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Silver Springs's median effective tax rate of 1.14% — based on actual property records in Marion 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 Silver Springs'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 Silver Springs: rates range from 1.14% in 34488 to 1.14% in 34488, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Silver Springs.

About Silver Springs Property Taxes

About Property Taxes in Silver Springs, Marion, Florida

Silver Springs has a median effective property tax rate of 1.14%, which is higher than the Florida state median of 1.10% and higher than the national median of 1.02%. The median annual property tax bill is $894, which is lower than the national median property tax bill of $2,400. This rate reflects Marion County levies and local taxing authorities that affect homeowners across the area.

Property taxes are not uniform across Silver Springs, but the provided ZIP code, 34488, shows both the highest and lowest median effective tax rate at 1.14%. That means the local tax burden is consistent within this ZIP code, even though assessed values can still influence what homeowners pay.

Homeowners who receive their notice in August can file a formal appeal with the Property Appraiser before the September 15, 2026 deadline.

If your assessed value seems too high, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Silver Springs, Marion 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 Silver Springs'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 Silver Springs, Marion County, Florida

Source: Ownwell

0.78%

1.15%

1.52%

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 Silver Springs Tax Rate

1.14%

Median Effective Marion County Tax Rate

1.03%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Silver Springs, Marion County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34488	0.54%	0.70%	1.14%	1.85%	2.32%

Source: Ownwell

Property Tax Assessment Values Across Silver Springs, Marion County, Florida

When examining property taxes in Silver Springs, 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 Marion County property appraiser 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 Marion 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Silver Springs.

For example, the median home price in Silver Springs is $86,273, with tax bills ranging significantly across the county. 34488 has the highest median home price at $86,273.

Property Tax Assessment Values Across Silver Springs, Marion County, Florida

Source: Ownwell

$57,377

$186,037

$314,696

Median Silver Springs Market Value

$86,273

Median Marion County Market Value

$203,410

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Silver Springs, Marion County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34488	$28,531	$43,486	$86,273	$182,781	$315,515

Source: Ownwell

Property Tax Bills Across Silver Springs, Marion County, Florida

Property tax bills in Silver Springs are based on the assessed value of a home and the local tax rate set by taxing authorities in Marion County. The bill is calculated by applying that rate to the property’s taxable value, which can be influenced by exemptions and other local rules. For homeowners, this means that a higher assessed value generally leads to a higher tax bill, while qualifying exemptions can reduce what is owed.

With a median home price of $86,273, Silver Springs sits well below the national median home value, but property taxes still vary widely from one homeowner to another. The 25th percentile tax bill is $579, while the 75th percentile is $1,723 and the 90th percentile reaches $3,010. The median tax bill in ZIP code 34488 is $894, showing that even in a lower-priced market, property taxes can still be a meaningful part of homeownership costs.

Property Tax Bills Across Silver Springs, Marion County, Florida

Source: Ownwell

$763

$2,437

$4,110

Median Silver Springs Tax Bill

$894

Median Marion County Tax Bill

$1,889

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Silver Springs, Marion County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34488	$303	$579	$894	$1,723	$3,010

Source: Ownwell

Don't miss the deadline to petition!

Dates
Property Valuation Date	January 1
Appeal Deadline	September 15
Tax Bill
Issued	November 1

Links
Marion Property Appraiser
Website	www.pa.marion.fl.us

Frequently Asked Property Tax Questions in Silver Springs, Florida

How are property taxes calculated in Silver Springs, Florida?

Property taxes in Silver Springs, 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 Silver Springs, Florida?

To appeal your property taxes in Silver Springs, 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 Silver Springs, Florida?

Common property tax exemptions in Silver Springs, 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 Silver Springs, Florida?

Property tax deadlines in Silver Springs, 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 Silver Springs, Florida?

Ownwell provides professional property tax appeal services in Silver Springs, 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.