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Pinellas Times

Thursday, November 7, 2024

Pinellas County effective property tax rate in Q2 2023 was lower than the national average

Realestate1

Property owners in Pinellas County paid 0.7% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.6 times the national average, according to the real estate analysis posted by Pinellas Times.

The median sales price of a Pinellas County home in the second quarter of 2023 was $351,450, based on data from the 614 properties sold during that time. In 2023, the median tax bill for the county was $2,310, which is 0.7% of the median value of the homes that were taxed.

This is 0.6 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Pinellas County real estate data showed homeowners in Indian Shores, N Redington Beach, and Treasure Island paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2019 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Indian Shores with some other cities belonging to Pinellas County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Indian Shores3$515,000$6,0131.2%
N Redington Beach3$595,900$5,7511%
Treasure Island13$477,000$4,6151%
Gulfport7$250,000$2,2490.9%
South Pasadena10$294,500$2,6320.9%
Redington Shores2$780,500$6,0070.8%
St Pete Beach17$690,000$5,3530.8%
Tarpon Springs32$315,000$2,6340.8%
Belleair Bluffs2$369,250$2,5000.7%
Clearwater118$320,000$2,1300.7%
Largo57$260,000$1,8060.7%
Oldsmar10$432,500$2,9510.7%
Seminole35$325,000$2,1610.7%
Palm Harbor9$600,000$3,9640.7%
Indian Rocks Beach5$1,040,000$6,6330.6%
Madeira Beach7$950,000$5,5350.6%
Redington Beach2$855,000$5,4100.6%
Safety Harbor12$469,500$2,9100.6%
St Petersburg212$347,500$2,0770.6%
Belleair2$1,006,250$5,1570.5%
Dunedin24$444,400$2,2440.5%
Kenneth City4$230,000$1,1600.5%
Pinellas Park27$299,900$1,5860.5%

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