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North Pinellas News

Saturday, September 21, 2024

Analysis: Pinellas County effective property tax rates were lower than the national average in Q3 2023

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

The median sales price of a Pinellas County home in the third quarter of 2023 was $370,000, based on data from the 735 properties sold during that time. In 2023, the median tax bill for the county was $2,310, which is 0.6% 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 Belleair Bluffs, Belleair, and Indian Shores 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 Belleair Bluffs with some other cities belonging to Pinellas County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Belleair Bluffs2$217,500$2,5001.1%
Belleair13$508,500$5,1571%
Indian Shores5$588,000$6,0131%
Indian Rocks Beach5$780,000$6,6330.9%
St Pete Beach10$612,000$5,3530.9%
Oldsmar11$375,000$2,9510.8%
Redington Shores5$792,000$6,0070.8%
Palm Harbor10$492,500$3,9640.8%
Clearwater148$317,500$2,1300.7%
Safety Harbor16$410,000$2,9100.7%
South Pasadena11$385,000$2,6320.7%
Tarpon Springs22$400,000$2,6340.7%
Gulfport16$360,000$2,2490.6%
Largo49$320,000$1,8060.6%
Madeira Beach6$865,000$5,5350.6%
Seminole52$379,000$2,1610.6%
St Petersburg268$352,500$2,0770.6%
Dunedin35$425,000$2,2440.5%
Pinellas Park25$350,000$1,5860.5%
Treasure Island12$972,500$4,6150.5%
Belleair Beach2$1,950,000$7,4880.4%
Kenneth City8$260,500$1,1600.4%
Redington Beach3$1,215,000$5,4100.4%

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