Indiantown, Martin County, Florida Property Taxes
Median Indiantown, FL effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Indiantown, FL home value: $134,070
Median annual Indiantown, FL tax bill: $1,161, $1,239 lower than the national median property tax bill of $2,400.
How are property taxes in Martin County calculated?
Property taxes in Indiantown, FL 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 Indiantown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Indiantown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Indiantown, Martin County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.36%
Estimate Property Tax Bill
$1,823
$1,692
Property Tax Rates Across Indiantown, Martin County, Florida
Local government entities are responsible for setting tax rates, and these can differ significantly across a state. Each year, counties determine their budgetary needs for essential services and divide this by the total assessed value of all taxable properties within their boundaries, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how it works annually.
In Indiantown, located in Martin County, the effective property tax rate is 1.36%, which is notably higher than the national median of 1.02%. This rate is consistent across the area, as both the highest and lowest median tax rates in the region are the same, reflecting the uniformity in taxation within the zip code 34956. When compared to the median property tax rates in Florida and the U.S., Indiantown stands out with its higher rate. Understanding these rates can help property owners in Indiantown and the surrounding areas make informed decisions about property taxes and potential appeals.
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 Indiantown Tax Rate
1.36%
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
1.13%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Indiantown, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | 0.36% | 0.73% | 1.36% | 1.60% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Indiantown, Martin County, Florida
When examining property taxes in Indiantown, FL, 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.
In Martin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Indiantown.
For example, the median home price in Indiantown is $134,070, with tax bills ranging significantly across the county. Zip code 34956 has the highest median home price at $134,070.
Property Tax Assessment Values Across Indiantown, Martin County, Florida
Source: Ownwell
$134,070
$733,900
$1,333,730
Median Indiantown Market Value
$134,070
Median Martin County Market Value
$294,470
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Indiantown, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | $50,000 | $69,670 | $134,070 | $189,480 | $278,760 |
Source: Ownwell
Property Tax Bills Across Indiantown, Martin County, Florida
In Indiantown, Martin County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and improvements. Homeowners in Indiantown can expect a median property tax bill of $1,161, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $790 and the 90th percentile reaching $3,494. These variations can affect homeowners differently, impacting their financial planning and budgeting.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing individual property assessments and comparable properties, Ownwell identifies opportunities for tax reductions. This can result in significant savings for homeowners, reducing their financial burden and ensuring they pay only their fair share. With Ownwell's expertise, homeowners in Indiantown can navigate the complexities of property taxes more effectively and potentially lower their tax bills.
Median Indiantown Tax Bill
$1,161
Median Martin County Tax Bill
$3,260
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Indiantown, Martin County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34956 | $537 | $790 | $1,161 | $2,295 | $3,494 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
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