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Pasco Reporter

Thursday, December 26, 2024

Effective property tax rate in Pasco County were lower than the national average in Q3 2023

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Property owners in Pasco County paid 0.7% of the value of their homes in property taxes in the third quarter of 2023, which is less than 0.6 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 third quarter of 2023 was $315,000, based on data from the 1,411 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 0.6 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 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 third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Wesley Chapel144$382,150$3,8991%
Land O Lakes133$442,500$3,5570.8%
Odessa26$407,500$3,1110.8%
Zephyrhills166$301,500$2,0490.7%
New Port Richey348$316,000$2,1440.7%
Lutz41$370,000$2,4790.7%
Port Richey127$240,000$1,3660.6%
San Antonio20$363,500$2,1130.6%
Holiday150$232,500$1,3860.6%
Hudson157$326,000$1,9770.6%
Dade City76$337,500$1,5420.5%
Spring Hill22$344,000$1,8350.5%

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