The Pinellas County Tax Assessor's
Office at https://www.pcpao.org/ has publicly stated
that annual Real Property Taxes for Condominiums are calculated as follows:
Market Value
x .85
Assessed Value
x Mill (or Tax) Rate
Annual Real Property Taxes
The methodology for Single Family
Homes is the same except .84 is used to arrive at the Assessed Value.
The 2020 Mill Rate is 0.0259% per $100,000 for
residential properties located within the City of Clearwater. The Mill Rate includes all entities with
Millage rights, such as the Pinellas County School System, Pinellas County,
Pinellas Suncoast Transit Authority, EMS, etc.
Mill rates will vary from municipality to municipality.
Real Property Taxes are payable
annually in arrears and may be paid using the following early payment
discount schedule:
November 30th 4%
December 31st 3%
January 31st 2%
February 28th 1%
Payments received in March
are payable at face value. Real Property Taxes become
delinquent April 1st.
If the property is your
Principal Residence, you may declare it as your "Homestead."
Your Assessed Value will then be reduced by $25,000 with an additional $25,000
reduction for all taxing jurisdictions except the Pinellas County School System. There
are additional lesser deductions available for certain groups.
A significant Homestead benefit is that the Assessed Value increases are capped each year at the lesser of the Consumer Price Index ("CPI") or 3%. This benefit can be substantial when properties are appreciating over CPI or 3% per year, as applicable. There are specific rules and deadlines that you must follow to Homestead your Principal Residence which may be found on the Pinellas County Tax Assessor's web site.
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