Palm City, St. Lucie County, Florida Property Taxes

Name: Property Tax Bills Across Palm City, St. Lucie County, Florida
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Palm City, FL effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Palm City, FL home value: $570,500
Median annual Palm City, FL tax bill: $5,784, $3,384 higher than the national median property tax bill of $2,400.

How are property taxes in St. Lucie calculated?

Property taxes in Palm City, 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 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 March 1, 2025

Palm City, St. Lucie County, Florida Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$6,732

$6,247

Ownwell’s Palm City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palm City with just two data points. By entering your property's estimated assessed value, our calculator applies Palm City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in St. Lucie County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Palm City, St. Lucie County, Florida

Local governments determine property tax rates, and these can differ significantly across a state. The process involves each county estimating its budget for services and dividing that by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Though votes and laws also play a role in setting tax rates and budgets, this is the basic annual procedure.

Now, let's look at Palm City in St. Lucie County, Florida. Palm City has an effective property tax rate of 1.18%, which mirrors the highest and lowest rates within its ZIP code, 34990. This rate is somewhat higher than the national median property tax rate of 1.02%. However, when compared to the national median property tax bill of $2,400, homeowners in Palm City might find their property tax bills to be more reflective of their local property values and services. Understanding these variations can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Palm City, St. Lucie County, Florida

Source: Ownwell

0.97%

1.41%

1.85%

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

1.18%

Median Effective St. Lucie County Tax Rate

1.39%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palm City, St. Lucie County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
34990	0.68%	0.84%	1.18%	1.59%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Palm City, St. Lucie County, Florida

When examining property taxes in Palm City, 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 St. Lucie County Property Appraiser's Office 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 St. Lucie 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 Palm City.

For example, the median home price in Palm City is $570,500, with tax bills ranging significantly across the county. 34990 has the highest median home price at $570,500.

Property Tax Assessment Values Across Palm City, St. Lucie County, Florida

Source: Ownwell

$152,600

$361,550

$570,500

Median Palm City Market Value

$570,500

Median St. Lucie County Market Value

$307,200

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palm City, St. Lucie County, Florida

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
34990	$144,200	$255,500	$570,500	$911,100	$1,513,500

Source: Ownwell

Property Tax Bills Across Palm City, St. Lucie County, Florida

In Palm City, located in St. Lucie County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. Unlike the national median property tax rate of 1.02%, the tax rate in Palm City can vary, affecting the final tax bill homeowners receive. For instance, the 25th percentile tax bill is $3,032, while the 75th percentile tax bill reaches $10,983, indicating significant variability. The highest and lowest median tax bills are both $5,784 in the 34990 zip code, highlighting the range of property tax obligations within the area. These variations can significantly impact homeowners, influencing their annual financial planning and property affordability. Ownwell can assist homeowners in Palm City by providing expert property tax appeal and exemption services. By analyzing property assessments and ensuring they are fair and accurate, Ownwell helps homeowners potentially reduce their property tax bills, providing peace of mind and financial relief.

Property Tax Bills Across Palm City, St. Lucie County, Florida

Source: Ownwell

$1,697

$4,183

$6,668

Median Palm City Tax Bill

$5,784

Median St. Lucie County Tax Bill

$3,974

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Palm City, St. Lucie County, Florida

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
34990	$1,736	$3,032	$5,784	$10,983	$19,028

Source: Ownwell

Don't miss the deadline to petition!

Dates
Tax Bill
Issued	November 1

Links
St. Lucie Property Appraiser
Website	paslc.gov