Treasure Island, Pinellas County, Florida Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variation is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Treasure Island, located in Pinellas County, the effective property tax rate is 1.34%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, as indicated by the matching highest and lowest median tax rates in the zip code 33706. When compared to the national median property tax bill of $2,400, residents in this area may experience a higher financial burden due to the elevated tax rate. Understanding these dynamics can help property owners make informed decisions about their investments and potential tax appeals.

In Treasure Island, located in Pinellas County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property appraiser. Factors such as the property's market value, location, and any exemptions or reductions available to the homeowner influence this assessed value. The median home price in Treasure Island is $469,688, with the tax bill ranging from $3,275 at the 25th percentile to $13,598 at the 90th percentile. The median tax bill in the area is notably higher than the national median, reflecting the region's property values and tax rates.

For homeowners, this can mean substantial annual expenses. However, Ownwell offers valuable assistance by providing property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with market conditions, Ownwell can help identify potential savings. Our experts guide homeowners through the appeal process, aiming to reduce their tax burden and ensure they only pay their fair share, potentially saving thousands annually.