Palmetto Bay, Florida — Tax Burden
What is the tax burden in Palmetto Bay, Florida?
Palmetto Bay, Florida has a total tax burden of 6.76%, ranking #5804 nationally. Property tax rate: 0.90%, state income tax: 0.000%, sales tax: 7.02%. Median household income is $144,987.
Source: US Census ACS, 2022
Ranked #5804 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
6.76%
Rank: 5804th nationally
Property Tax Rate
0.90%
Rank: 3823rd nationally
Income Tax Rate
0.000%
Florida state rate
Sales Tax Rate
7.02%
State + local combined
Tax Burden Breakdown
Property (66%)Income (0%)Sales (34%)
Median Income: $144,987
Median Home Value: $715,700
Median Property Tax: $6,439/yr
Population: 24,267