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Pasco Reporter

Thursday, December 26, 2024

Analysis: Pasco County effective property tax rates were lower than the national average in Q2 2023

Realestate5

Property owners in Pasco County paid 0.7% of the value of their homes in property taxes in the second quarter of 2023, 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 second quarter of 2023 was $305,000, based on data from the 1,549 properties sold during that time. In 2023, the median tax bill for the county was $2,224, which is 0.7% 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, Zephyrhills, and Land O Lakes paid the highest rates.

The above article calculates the effective property tax rate for 2023 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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Wesley Chapel140$397,500$3,8991%
Zephyrhills174$265,500$2,0490.8%
Land O Lakes160$422,500$3,5570.8%
New Port Richey387$305,000$2,1440.7%
San Antonio30$314,950$2,1130.7%
Lutz52$376,000$2,4790.7%
Odessa16$455,000$3,1110.7%
Port Richey135$230,000$1,3660.6%
Dade City69$280,000$1,5420.6%
Holiday158$226,650$1,3860.6%
Hudson185$321,900$1,9770.6%
Spring Hill42$315,000$1,8350.6%

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