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St. Pete Standard

Sunday, November 24, 2024

Effective property tax rate in Pinellas County were lighter than the national average in Q3 2022

Re 8

Property owners in Pinellas County paid 0.6% of the value of their homes in property taxes in the third quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the St. Pete Standard.

The median sales price of a Pinellas County home in the third quarter of 2022 was $350,000, based on data from the 551 properties sold during that time. In 2019 the median tax bill for the county was $1,941, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 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 Redington Beach and Treasure Island paid the highest rates.

The following table compares Redington Beach 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 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Redington Beach1$508,100$5,0921%
Treasure Island6$417,500$4,3431%
Belleair Bluffs2$265,000$2,3530.9%
Redington Shores2$627,500$5,6540.9%
South Pasadena3$320,000$2,4770.8%
Clearwater109$298,500$2,0050.7%
St Pete Beach5$710,000$5,0380.7%
Tarpon Springs25$375,000$2,4790.7%
Belleair1$750,000$4,8530.6%
Dunedin30$380,000$2,1120.6%
Indian Rocks Beach6$1,087,500$6,2430.6%
Madeira Beach11$860,000$5,2100.6%
St Petersburg191$320,000$1,9550.6%
Palm Harbor11$599,900$3,7310.6%
Gulfport11$450,000$2,1170.5%
Oldsmar9$575,000$2,7770.5%
Pinellas Park33$297,500$1,4930.5%
Safety Harbor10$544,050$2,7390.5%
Seminole33$375,000$2,0340.5%
Indian Shores1$1,450,000$5,6590.4%
Largo49$415,000$1,7000.4%
Kenneth City2$1,017,500$1,0920.1%

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