Florida— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.70%
of assessed value annually
Median home value
$355,100
2024 ACS survey
Median taxes paid
$2,474/yr
2024 data
Pinellas County's 0.70% effective property tax rate falls in the middle 50% of US counties — close to the national median of 0.81%. Within Florida's 67 counties, it's the 30th lowest. On the county's median home value of $355,100, the typical homeowner pays $2,474 annually in property tax — $845 more than the national median of $1,629. At closing, Florida's 0.70% combined real estate transfer tax adds roughly $2,486 on a median-priced home, typically paid by the seller. FEMA data shows 24.3% of the county's land area sits within a Special Flood Hazard Area — a high exposure level that may trigger mandatory flood insurance on mortgaged properties.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Pinellas County.
County median: $355,100
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
High flood risk. Flood insurance likely required by your lender. Verify the flood zone at msc.fema.gov.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Florida property tax exemptions
Ways buyers in Pinellas County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Homestead Exemption
Up to $50,000 exemption on a permanent primary residence: first $25,000 applies to all property taxes; an additional $25,000 applies to non-school taxes on assessed value between $50,000 and $75,000.
View official source →Save Our Homes Assessment Limitation
Annual increase in a homestead property's assessed value is capped at the lesser of 3% or CPI change. For 2026, the cap is 2.7%. Portability allows transferring up to $500,000 of SOH benefit to a new Florida homestead.
View official source →Senior Additional Homestead Exemption
Counties and municipalities may grant an additional homestead exemption up to $50,000 for homeowners 65+ meeting an adjusted gross income limit (updated annually).
View official source →Disabled Veteran Exemptions
Veterans with a 10%+ service-connected disability get a $5,000 exemption; veterans with permanent total service-connected disability or honorably discharged quadriplegics receive a full homestead exemption.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Pinellas County.
The effective property tax rate in Pinellas County is 0.70% — calculated as the median annual property tax paid ($2,474) divided by the median home value ($355,100), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
Florida's combined real estate transfer tax is approximately 0.70% of the purchase price. On the median Pinellas County home value of $355,100, this adds roughly $2,486 at closing. Seller pays Documentary Stamp Tax on deed: $0.70/$100 (0.7%) statewide, except Miami-Dade at $0.60/$100 (0.6%) plus $0.45/$100 surtax on non-single-family. Buyers with a mortgage also pay Doc Stamps on the note ($0.35/$100 = 0.35%) + Intangible Tax ($2.00/$1,000 = 0.2%) on the loan amount — not on purchase price, so not included in buyer_rate.
Partially. 24.3% of Pinellas County's land area lies within a FEMA Special Flood Hazard Area. Whether flood insurance is required depends on your specific property — check msc.fema.gov before making an offer.
Closing costs for a buyer in Pinellas County typically run $7,102–$17,755 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Pinellas County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.70% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Pinellas County.
Guides for Florida home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →