Panama City Beach, Florida — Tax Burden
What is the tax burden in Panama City Beach, Florida?
Panama City Beach, Florida has a total tax burden of 5.03%, ranking #6448 nationally. Property tax rate: 0.57%, state income tax: 0.000%, sales tax: 7.02%. Median household income is $76,091.
Source: US Census ACS, 2022
Ranked #6448 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
5.03%
Rank: 6448th nationally
Property Tax Rate
0.57%
Rank: 5908th nationally
Income Tax Rate
0.000%
Florida state rate
Sales Tax Rate
7.02%
State + local combined
Tax Burden Breakdown
Property (54%)Income (0%)Sales (46%)
Median Income: $76,091
Median Home Value: $363,900
Median Property Tax: $2,063/yr
Population: 18,281