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Pasco Reporter

Thursday, January 30, 2025

Analysis: Pasco County effective property tax rates were lower than the national average in Q1

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Property owners in Pasco County paid 0.8% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.7 times the national average, according to the real estate analysis posted by Pasco Reporter.

The median sales price of a Pasco County home in the first quarter of 2024 was $285,000, based on data from the 1,121 properties sold during that time. In 2024, the median tax bill for the county was $2,301, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 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, Odessa, and Land O Lakes paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Wesley Chapel110$358,500$4,0331.1%
Odessa11$310,000$3,2181%
Land O Lakes121$418,000$3,6800.9%
Zephyrhills128$260,000$2,1200.8%
New Port Richey264$275,000$2,2180.8%
San Antonio18$310,000$2,1860.7%
Holiday117$220,000$1,4330.7%
Hudson131$297,500$2,0450.7%
Lutz31$344,000$2,5640.7%
St. Leo3$720,000$4,0420.6%
Port Richey103$232,000$1,4130.6%
Dade City64$304,000$1,5950.5%
Spring Hill20$387,500$1,8980.5%

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