Palm City, Martin County, Florida Property Taxes
Property Taxes in Palm City, Florida
Median Palm City, Florida effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median Palm City, Florida home value: $540,290
Median annual Palm City, Florida tax bill: $5,112, higher than the national median property tax bill of $2,400.
How are property taxes in Martin calculated?
Property taxes in Palm City, 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 City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palm City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Palm City, Martin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$5,025
$4,663
How Does the Palm City Property Tax Calculator Work?
Use this Palm City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Palm City's median effective tax rate of 0.93% — based on actual property records in Martin 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 City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Palm City's property tax rate is lower than Martin County's and lower than Florida's 1.10% median tax rate, but the median property tax bill is $5,112, which is $2,712 higher than the state median bill. Your bill may vary by ZIP code within Palm City, though the median tax bill is $5,112 in 34990.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Palm City.
About Palm City Property Taxes
About Property Taxes in Palm City, Martin, Florida
Palm City’s median effective property tax rate of 0.93% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Martin County base levy combined with local taxing authorities that can vary by area throughout the city.
Property tax rates are not uniform across Palm City. Homeowners in ZIP code 34990 carry a median effective rate of 0.93%, and the same ZIP code also shows the city’s median tax bill of $5,112 and median home price of $540,290. That consistency reflects how local tax districts are drawn across Martin County, and it can still affect what you owe each year.
Palm City homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before September 15, 2026.
If your estimated bill 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 City, Martin 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 City’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
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 City Tax Rate
0.93%
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 Martin County Tax Rate
1.01%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palm City, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34990 | 0.56% | 0.74% | 0.93% | 1.36% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Palm City, Martin County, Florida
When examining property taxes in Palm City, 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 Martin 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 Martin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
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 Palm City.
For example, the median home price in Palm City is $540,290, with tax bills ranging significantly across the county. 34990 has the highest median home price at $540,290.
Property Tax Assessment Values Across Palm City, Martin County, Florida
Source: Ownwell
$220,305
$6,255,638
$12,290,970
Median Palm City Market Value
$540,290
Median Martin County Market Value
$380,620
Median Florida Market Value
$310,033
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palm City, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34990 | $249,566 | $338,200 | $540,290 | $734,130 | $1,067,560 |
Source: Ownwell
Property Tax Bills Across Palm City, Martin County, Florida
Property tax bills in Palm City are based on the assessed value of a home and the local tax rate set by taxing authorities. The bill is calculated by applying that rate to the property’s taxable value, which means homeowners with higher-value homes generally pay more. In Palm City, the median home price is $540,290, and the median tax bill is $5,112, which is above the national median property tax bill of $2,400.
Several factors can affect the final amount, including exemptions, local levies, and changes in assessed value. For many homeowners, this means the tax bill can rise even if the home is not sold, especially when market values increase. Bills in the area also vary widely, with the 25th percentile at $3,205 and the 75th percentile at $7,574, showing how much location and property characteristics can influence what owners owe.
Median Palm City Tax Bill
$5,112
Median Martin County Tax Bill
$3,867
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$2,400
Property Tax Bills Across Palm City, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34990 | $1,845 | $3,205 | $5,112 | $7,574 | $11,235 |
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 | |
|---|---|
| Martin Property Appraiser | |
| Website | www.pa.martin.fl.us |