Melbourne, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Melbourne, Florida
The city of Melbourne has 59,827 properties with a total real estate value of $13.7B, representing 25.43% of all real estate value in Brevard County. Property taxes in Melbourne totaled $154.2M, with an average property tax rate of 1.13%. The average Melbourne homeowner pays $2,577 in property taxes compared to a county average of $2,493. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
Important Links | |
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Brevard Tax Collector | (321) 264-6969 |
Brevard Property Appraiser | (321) 264-6700 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | August |
Property Tax Appeal Deadline: | September or 25 days from date of value notices |
Property Tax Bills Issued: | November 1st |
Real Property Tax Bill Due (1st of #): | March 31st |
Available Exemptions | |
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Early Payment Discount | Available |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Melbourne, Florida
Residential Property Tax by ZIP code in Melbourne, Florida
Melbourne property taxes are relatively low compared to the rest of Brevard County. The average property tax rate in Melbourne is 1.13%, while the average Brevard County property tax rate is 1.15%. This difference is small, but it does indicate that Melbourne residents pay slightly lower property taxes than the rest of the county.
Property tax rates in Melbourne vary across ZIP codes. The highest effective property tax rate is 1.18% in the 32901 ZIP code, while the lowest effective property tax rate is 1.08% in the 32935 ZIP code. These differences are due to variations in home values across ZIP codes. Generally, the higher the home value, the higher the effective property tax rate.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Melbourne, Florida. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32901 | $54,430 | $96,660 | $149,335 | $194,178 | $236,960 |
32904 | $83,954 | $142,020 | $221,960 | $263,565 | $326,660 |
32934 | $180,470 | $210,660 | $272,910 | $363,050 | $471,324 |
32935 | $86,190 | $124,720 | $153,090 | $189,520 | $235,510 |
32940 | $158,323 | $214,170 | $269,115 | $352,055 | $461,389 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Melbourne, Florida.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32901 | $435 | $801 | $1,548 | $2,565 | $3,440 |
32904 | $726 | $1,339 | $2,197 | $3,256 | $4,046 |
32934 | $1,156 | $1,775 | $2,895 | $4,053 | $5,703 |
32935 | $497 | $773 | $1,513 | $2,394 | $3,207 |
32940 | $1,465 | $2,095 | $3,091 | $4,298 | $5,772 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
32901 | 0.80% | 0.83% | 1.04% | 1.32% | 1.45% |
32904 | 0.86% | 0.94% | 0.99% | 1.24% | 1.24% |
32934 | 0.64% | 0.84% | 1.06% | 1.12% | 1.21% |
32935 | 0.58% | 0.62% | 0.99% | 1.26% | 1.36% |
32940 | 0.93% | 0.98% | 1.15% | 1.22% | 1.25% |
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Real Estate Values in Melbourne, Florida
Average Home Value in Melbourne, Florida
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
Total unique home listings in Melbourne, Florida
Last updated: November 2023
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Housing Expenses in Melbourne, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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