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Pasco Reporter

Saturday, November 23, 2024

Effective property tax rate in Pasco County were lighter than the national average in Q4 2022

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Property owners in Pasco County paid 0.7% of the value of their homes in property taxes in the fourth quarter of 2022, which is less than 0.6 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 fourth quarter of 2022 was $288,000, based on data from the 1,267 properties sold during that time. In 2020 the median tax bill for the county was $1,917, 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 Pasco County real estate data showed homeowners in Wesley Chapel, Land O Lakes, and Odessa paid the highest rates.

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 fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Wesley Chapel117$358,000$3,6631%
Land O Lakes112$404,000$3,3430.8%
Odessa12$380,000$2,9230.8%
Zephyrhills133$272,500$1,9250.7%
New Port Richey339$299,000$2,0150.7%
Port Richey125$229,000$1,2830.6%
San Antonio15$310,000$1,9850.6%
Holiday137$227,500$1,3020.6%
Hudson144$316,000$1,8570.6%
Lutz34$364,900$2,3290.6%
Spring Hill33$290,000$1,7240.6%
Dade City62$294,950$1,4490.5%
St. Leo3$965,000$3,6710.4%

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