Panama City, Florida — Tax Burden
What is the tax burden in Panama City, Florida?
Panama City, Florida has a total tax burden of 4.60%, ranking #6561 nationally. Property tax rate: 0.61%, state income tax: 0.000%, sales tax: 7.02%. Median household income is $57,221.
Source: US Census ACS, 2022
Ranked #6561 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
4.60%
Rank: 6561st nationally
Property Tax Rate
0.61%
Rank: 5700th nationally
Income Tax Rate
0.000%
Florida state rate
Sales Tax Rate
7.02%
State + local combined
Tax Burden Breakdown
Property (50%)Income (0%)Sales (50%)
Median Income: $57,221
Median Home Value: $213,600
Median Property Tax: $1,308/yr
Population: 34,254