Single Family Homes and Townhomes are taxed using the same methodology except the reduction to Assessed Value uses .84 rather than .85.  All residential properties pay the same Municipal Mill Rate.

The Florida constitution provides for special real property tax treatment for Florida residents' principal residence.  Homesteading significantly limits increases in real property taxes, by limiting annual increases in Assessed Value to the lesser of 3% or the U.S. Consumer Price Index.  It also provides for a personal exemption of $25,000, to be deducted from the Assessed Value.  It also provides for another $25,000 which applies to all taxing authorites except for the Pinellas County school taxes.  There are also other lesser personal exemptions of $500 each for the disabled, widows, etc.

Real property taxes are paid annually in arrears and are due on December 31st of each year.  A prompt payment discount is provided for payment by the prescribed date in November.