Palmetto, Florida — Tax Burden
What is the tax burden in Palmetto, Florida?
Palmetto, Florida has a total tax burden of 5.44%, ranking #6316 nationally. Property tax rate: 0.79%, state income tax: 0.000%, sales tax: 7.02%. Median household income is $55,584.
Source: US Census ACS, 2022
Ranked #6316 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
5.44%
Rank: 6316th nationally
Property Tax Rate
0.79%
Rank: 4497th nationally
Income Tax Rate
0.000%
Florida state rate
Sales Tax Rate
7.02%
State + local combined
Tax Burden Breakdown
Property (57%)Income (0%)Sales (43%)
Median Income: $55,584
Median Home Value: $219,700
Median Property Tax: $1,738/yr
Population: 13,384