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Pasco Reporter

Sunday, November 24, 2024

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

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Property owners in Pasco 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 Pasco Reporter.

The median sales price of a Pasco County home in the third quarter of 2022 was $314,000, based on data from the 1,761 properties sold during that time. In 2020 the median tax bill for the county was $1,917, 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 Pasco County real estate data showed homeowners in Wesley Chapel paid the highest tax rate of 0.9%.

The following table compares Wesley Chapel with some other cities belonging to Pasco 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
Wesley Chapel208$392,050$3,6630.9%
Land O Lakes207$439,000$3,3430.8%
Odessa17$369,000$2,9230.8%
Spring Hill40$216,500$1,7240.8%
Zephyrhills189$265,000$1,9250.7%
New Port Richey425$302,500$2,0150.7%
Holiday148$235,750$1,3020.6%
Hudson198$300,000$1,8570.6%
Lutz61$395,000$2,3290.6%
Port Richey165$240,000$1,2830.5%
Dade City85$270,000$1,4490.5%
San Antonio17$370,000$1,9850.5%

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