Martin County, Florida property tax
The median homeowner in Martin County, Florida pays $3,120 a year in property tax on a home worth $386,500, an effective rate of 0.81%. The national effective rate is 0.98%.
What the rate means here
At 0.81%, Martin County taxes property more lightly than the national 0.98%. Rate and bill part company here. The percentage is below national, the house is worth $386,500, and the bill lands at $3,120 anyway.
It ranks #16 of 67 Florida counties by effective rate, against a statewide 0.79%, and #1,430 nationally. The state runs from 1.05% in Hardee County down to 0.45% in Walton County.
The median home costs 4.79 times the median household income of $80,701, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 22.29% of median income in gross rent. The county has 160,464 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Martin County | Florida | United States | |
|---|---|---|---|
| Effective property tax | 0.81% | 0.79% | 0.98% |
| Median tax bill | $3,120 | $2,555 | $2,969 |
| Median home value | $386,500 | $325,000 | $303,400 |
| Median gross rent | $1,499 | $1,564 | $1,348 |
| Median household income | $80,701 | $71,711 | $78,538 |
| Home price to income | 4.79× | 4.53× | 3.86× |
| Rent as share of income | 22.29% | 26.17% | 20.6% |
| Owner-occupied | 80.11% | 67.32% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 160,464.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Citrus County | 0.59% | $1,320 | $223,200 |
| Indian River County | 0.73% | $2,288 | $314,700 |
| Bay County | 0.60% | $1,653 | $276,900 |
| Sumter County | 0.83% | $2,940 | $356,000 |
| Santa Rosa County | 0.60% | $1,809 | $302,100 |
Martin County property tax: common questions
What is the property tax rate in Martin County, Florida?
The effective rate is 0.81% of home value, from a median tax bill of $3,120 against a median home value of $386,500. That is 0.17 points below the national 0.98%.
How much is property tax on a $400,000 home in Martin County?
Roughly $3,240 a year at the county effective rate of 0.81%.
Is Martin County expensive compared with the rest of Florida?
It ranks #16 of 67 Florida counties by effective property tax rate, and #1430 of 2,826 nationally. That is 0.02 points above the Florida average of 0.79%.
What does housing cost in Martin County?
The median home is worth $386,500 and median gross rent is $1,499 a month. Median household income is $80,701, which puts the home at 4.79 times annual income and rent at 22.29% of it.