Taxes & Insurance in Sebastian
Sebastian's effective property tax rate runs below both the Florida and national medians, and homeowners insurance estimates -- while single-sourced and directional only -- come in below the state average, a genuine cost advantage for the city.
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Learn moreA below-median effective property tax rate
Ownwell puts Sebastian's city-level median effective property tax rate at 0.94%, below both the Florida state median (1.14%) and the national median (1.02%), with a median annual bill of about $2,151 -- roughly $249 below the national median bill of $2,400. This is a median-across-parcels figure (post-exemption), not a single hypothetical-bill calculation.
Homeowners insurance runs below the state average, but the estimate is single-sourced
Clovered's 2025 estimate puts average homeowners insurance in Sebastian at $2,542/year, about 13% below the cited Florida state average of $2,924/year. This is not a rate-filing figure -- premiums vary substantially by home age, construction, roof condition, and distance from the Indian River Lagoon, so treat it as directional and get an actual quote before relying on it.
Homestead exemption and the Save Our Homes cap
Florida's 2026 homestead exemption totals $51,411 for a primary residence, filed with the Indian River County Property Appraiser by March 1 of the year after closing. Once homesteaded, the Save Our Homes cap limits future annual assessed-value increases to the lesser of 3% or CPI (2.7% for 2026), though it doesn't apply to a new buyer's first-year bill.
Key takeaways
- Sebastian's median effective property tax rate is 0.94% (Ownwell), below both the Florida median (1.14%) and the national median (1.02%), with a median bill of about $2,151.
- Homeowners insurance is estimated at $2,542/year on average, about 13% below the Florida state average -- a single-source, directional estimate, not a quote.
- The 2026 homestead exemption ($51,411) and Save Our Homes cap (2.7% for 2026) apply the same as elsewhere in Florida, filed by March 1 of the year after closing.
- Get an actual insurance quote before relying on the $2,542/year estimate -- premiums vary substantially by home age, construction, and distance from the lagoon.
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