Panama City Beach, FL · Updated Oct 2026

What a Panama City Beach home costs each year

Property tax, water, trash and energy from public rates. Look up your address to make it yours, and see how to pay less.

Suggestions as you type come from Google; the lookup uses free public map services to find who serves it. Not stored unless you save your house.

Example · a Panama City Beach house

$11,172a year · $931 a month

Starts at the typical market value, $441,300; your assessed value is often lower. Typical use.

Property tax$4,386
1.089% of $441,300, less $25,000 homestead exemption and less $26,411 additional homestead exemption
Flat charges on the tax bill$698
City fire service assessment (yearly, figured as if the whole value were improvements) $423 · City stormwater assessment (yearly, figured as if the whole value were improvements) $275
Electricity$1,836
1104 kWh a month $1,836
Water and sewer$787
6,000 gallons a month on City of Panama City Beach: water $30, sewer $36 a month
TrashNot included
The City approved non-exclusive franchises with haulers for residential solid waste collection; no City trash rate is counted
Home insurance$3,465
Typical premium $3,465

A Panama City Beach house at the typical market value ($441,300) costs about $11,200 a year: $5,080 property tax and charges, $790 water and sewer, $1,840 electricity, $3,470 home insurance; trash is billed separately. Estimated from public rates, not anyone's actual bill.

Rates checked Oct 22, 2026. Insurance: what you enter, or a typical premium until you do. Sources are listed at the bottom.

Ways to pay less

One change saves this house about $231 a year:

Bring water use down to 4 units
$231 a year
Above 4 units a month, City of Panama City Beach charges $4.79 a unit instead of $0.00.
How: Most of the top tier is outdoor watering: fix leaks and water less often in summer.

Worth checking

Pay your tax bill in November4% off the bill
The Bay County Tax Collector gives 4% off for paying in November, 3% in December, 2% in January and 1% in February.
How: Pay in November for the largest discount.
Widows, widowers, blind or totally and permanently disabled owners: $5,000 exemption$5,000 off value, or the whole tax waived
Florida exempts $5,000 of property value for every widow, widower, blind person, or totally and permanently disabled person who is a Florida resident; a quadriplegic's homestead is exempt from all ad valorem taxation.
How: Apply with the county property appraiser (Form DR-501).

Adjust to match your bills

What you know

Value before exemptionsSecond homes and rentals get no homestead exemption: untick "I live here" for them. The fire and stormwater assessments below are figured as if the whole value were improvements; a home worth less in buildings pays less.

I live here and have the Homestead exemption and Additional homestead exemption

Home insurance, a yearFrom your policy. We start at $3,465, Florida Office of Insurance Regulation, July 2026 Insurer Stability report: Bay County average homeowners premium including wind, data as of March 31, 2026.

Your use

Water, thousands of gallons a month

On your water bill. A typical house uses 5,000–8,000 gallons.

Electricity, kWh a month

On your Florida Power & Light (FPL) bill. An electric car adds about 300 kWh.

Money dates

Nov 1in 8 daysTax notices are normally mailed on or before November 1; paying in November takes 4% off.
Around Nov 1, 2026in 8 daysThe City's fire and stormwater assessments are collected on the same bill as taxes, mailed around November 1, 2026.
Mar 1Deadline to submit Form DR-501 to the county property appraiser for the homestead exemption for that tax year.
Mar 31Property tax due date on the notice mailed by November 1.

Who serves this house

Water: City of Panama City Beach; Rates effective February 1, 2026 for inside the city; billing is bi-monthly on the even months.
Property tax: 1.09% of value; 2026 tax year (FY 2026-27): Bay County, Bay District Schools, Beach Mosquito Control District, NWFWMD; City fire and stormwater assessments for FY 2026-27
Garbage: Private haulers under city franchises; The City approved non-exclusive franchises with haulers to provide residential solid waste collection
Sewer: City of Panama City Beach utility; Monthly sewer fees, with a charge per thousand gallons
Electricity: Florida Power & Light (FPL); Residential Service (RS-1): $10.52 base charge a month plus per-kWh charges (October 2026)
Schools: Bay District Schools; 5.3170 mills: the proposed 2026-27 combined operating and capital outlay levy

Pay or manage your bills

Your water

Source: The City buys all the drinking water used in its utility franchise service area from the Bay County Water System, which draws from Deer Point Reservoir.
Violation: The 2025 report says the system was in violation of the State cross-connection control requirement.
E. coli: Of 864 microbial samples in 2025, one detected E. coli; repeat samples the next day did not, so there was no violation of the E. coli MCL.

Other FL cities

Cape Coral home costs Coral Springs home costs Davie home costs Dunedin home costs Fort Myers home costs Hialeah home costs Hollywood home costs Largo home costs Melbourne home costs North Port home costs Oakland Park home costs Plantation home costs Port St. Lucie home costs Rockledge home costs Sarasota home costs St. Petersburg home costs Titusville home costs Venice home costs West Melbourne home costs Weston home costs Winter Springs home costs Altamonte Springs home costs Clermont home costs Minneola home costs Margate home costs Casselberry home costs Destin home costs Cocoa Beach home costs DeBary home costs North Miami home costs Fort Walton Beach home costs Bonita Springs home costs Palmetto Bay home costs Mount Dora home costs Cutler Bay home costs Pompano Beach home costs Satellite Beach home costs Edgewater home costs Coral Gables home costs Deltona home costs Hallandale Beach home costs Leesburg home costs Palm Coast home costs Longwood home costs Bradenton home costs Pinecrest home costs Sunrise home costs Tamarac home costs Fort Lauderdale home costs Cocoa home costs Lauderhill home costs North Miami Beach home costs Clearwater home costs Dania Beach home costs Sunny Isles Beach home costs North Lauderdale home costs Wilton Manors home costs Palmetto home costs Aventura home costs Ormond Beach home costs Key Biscayne home costs Tavares home costs Fernandina Beach home costs Temple Terrace home costs

How these numbers are made

Panama City Beach has no city property tax. Property tax uses 10.8 mills in all: Bay County general fund 5.4362, Bay District Schools 5.3170, Beach Mosquito Control District 0.1155 and NWFWMD 0.0201, on assessed value after the $25,000 + up to $26,411 homestead exemptions. Bay County's countywide mosquito millage (0.2000) is not charged west of the Hathaway Bridge, and its fire MSTU (1.3800) is for unincorporated areas, so neither is counted. The county, school and mosquito rates are tentative or proposed (the Tax Collector's table still shows 2025).
The City's yearly fire assessment ($0.75 per $1,000 of improvements plus $91.98) and stormwater assessment ($0.51 per $1,000 of improvements plus $50.23) are on the tax bill. They are shown as flat amounts figured on $441,300, treating the whole median value as improvements, so a home with a smaller building value pays less. The Front Beach Road CRA assessment applies only inside that redevelopment area and is not included.
Water: the $37.54 minimum per two-month bill (includes 6,000 gallons) is halved to $18.77 a month and the first 3,000 gallons a month are free, then $3.58 per 1,000 gallons. Sewer: the $87.42 minimum water-and-sewer bill less the $37.54 water minimum leaves $49.88 per two months, so $24.94 a month with the first 3,000 gallons included, then $3.70 per 1,000 gallons. The page starts at 8 CCF (6,000 gallons a month), the typical family use cited in January 2026 news coverage of the City's rate increase. The rate increase is described as 5% compounded each year over four years, so these rates will rise.
Garbage is not counted: homes pick a private hauler under non-exclusive City franchises (the 2021 council record) and no current rate could be sourced. City utility tax and franchise fees on electric bills are not included because no rate could be sourced.
Electricity uses FPL's October 2026 residential rate RS-1 ($10.52 a month plus 12.719 cents per kWh up to 1,000 kWh and 14.719 cents above, including all per-kWh clauses and the 0.421-cent Transition Rider Charge for the former Gulf Power area) at EIA's 2024 Florida residential average of 1,104 kWh a month. Gas is left out: about 13% of owner-occupied homes heat with utility gas. Flood insurance, a separate policy, is not included. The starting value is the Census median (market); long-held homesteads are often assessed lower.
Modelling remark: the City's water rate increase was reported as 5% a year through 2029 (not judged).
Nothing here is legal, tax or insurance advice.

Sources

How Panama City Beach compares

A typical Panama City Beach house against the 65 Florida cities we cover, using the same default numbers as the total above.

Per year	Panama City Beach	Median	Where it falls
Property tax rate	1.09%	1.80%	lower than 64 of the other 64 Florida cities we cover
Water	$354	$495	lower than 53 of the other 64 Florida cities we cover
Sewer and utility-bill fees	$432	$851	lower than 63 of the other 63 Florida cities we cover
Electricity and gas	$1,836	$1,953	lower than 46 of the other 64 Florida cities we cover
Home insurance	$3,465	$3,733	lower than 48 of the other 63 Florida cities we cover
Total	$11,172	$13,141	lower than 59 of the other 64 Florida cities we cover

Cities bill differently (some put trash on the tax bill, some cover more services), so a higher number isn't necessarily worse. The property tax rate is compared instead of dollars because house values differ.

Questions to ask your candidates

Each one starts from a number above. Any candidate can answer them.

1. Property tax rate

The fact: Panama City Beach's property tax rate is 1.09%, lower than 64 of the other 64 Florida cities we cover. The rate adds up every agency on the bill, not only the city.

Ask: "Property tax in Panama City Beach is 1.09%, lower than 64 of the other 64 Florida cities we cover. What should that money pay for first, and would you change anything about how it is set?"

2. Water

The fact: Water here costs about $354 a year at typical use, lower than 53 of the other 64 Florida cities we cover.

Ask: "Water here costs about $354 a year at typical use, lower than 53 of the other 64 Florida cities we cover. What drives that cost, and would you change anything?"

3. Sewer and utility-bill fees

The fact: Sewer and flat utility-bill charges here come to about $432 a year, lower than 63 of the other 63 Florida cities we cover. Some cities bill sewer on the property tax bill instead, which is not counted here.

Ask: "Sewer and flat utility-bill charges here cost about $432 a year, lower than 63 of the other 63 Florida cities we cover. What drives that cost, and would you change anything?"

See who is running in your city →

Common questions about Panama City Beach house costs

What is the property tax rate in Panama City Beach?

About 1.09% of the value before exemptions a year (2026 tax year (FY 2026-27): Bay County, Bay District Schools, Beach Mosquito Control District, NWFWMD; City fire and stormwater assessments for FY 2026-27), plus flat charges on the same bill (City fire service assessment (yearly, figured as if the whole value were improvements) $423, City stormwater assessment (yearly, figured as if the whole value were improvements) $275).

How much is property tax on a $500,000 house in Panama City Beach?

About $5,723 a year on $500,000 of the value before exemptions with the homestead exemption, including $698 of flat charges.

How much is the water bill in Panama City Beach?

About $66 a month for water and sewer at typical use (6,000 gallons a month) on City of Panama City Beach.

How much does trash pickup cost in Panama City Beach?

The City approved non-exclusive franchises with haulers for residential solid waste collection; no City trash rate is counted

When is property tax due in Panama City Beach?

Mar 31: Property tax due date on the notice mailed by November 1.

How much does a house in Panama City Beach cost to run each year?

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