What is the property tax rate in Palm City, FL?

Palm City has an estimated effective property tax rate of 0.84%. On a median home valued at $532,100, homeowners pay approximately $4,451 per year in property taxes.

How does Palm City compare to Martin County?

Palm City's effective rate of 0.84% is 9% higher than the Martin County average of 0.77%. The county-wide median annual tax is $3,322, while Palm City homeowners pay an estimated $4,451.

How much are property taxes in Palm City on a $300,000 home?

Based on Palm City's effective rate of 0.84%, property taxes on a $300,000 home would be approximately $2,520 per year, or about $210 per month.

Palm City Property Tax Rate

Martin County, Florida

0.84%effective rate

Palm City is located in Martin County, Florida. Homeowners in Palm City pay a median of $4,451 per year in property taxes on a home valued at $532,100, resulting in an effective tax rate of 0.84%. This is 9% higher than the Martin County average of 0.77%.

Effective Tax Rate🏠

0.84%

vs 0.77% county avg

Est. Annual Tax💰

$4,451

Per year

Median Home Value📊

$532,100

2024 estimate

Population📍

25,699

Palm City, FL

How Palm City Compares

Palm City

0.84%

Martin County Average

0.77%

Florida Average

0.76%

National Average

0.92%

About Property Taxes in Palm City

Property taxes in Palm City are collected by Martin County. Tax exemptions available to Martin County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Palm City. For detailed information on available exemptions and the county tax collector, see the Martin County property tax page.

Property Tax Calculator

Estimate your annual property tax in Palm City

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$2,520

$210/month · Rate: 0.84%

Martin County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Florida Property Taxes

Statewide rates, all 67 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.