Panama City Beach property tax: where it goes
A Panama City Beach house pays 1.089% of its taxable value in property tax, plus flat charges on the same bill. For a house at $441,300 of market value with the homestead exemption, that's about $5,084 a year.
Tax is levied on assessed value set by the Bay County Property Appraiser, less exemptions; after a home's first homestead year its assessment cannot rise more than 3% or the change in CPI, whichever is less (Save Our Homes). The City of Panama City Beach does not impose any ad-valorem property taxes..
The Bay County Tax Collector's table still shows 2025 rates. The county (5.4362) and school (5.3170) rates are the tentative/proposed FY 2026-27 millages from the county's Sept. 23 final-hearing presentation and the school board's published notice, and the mosquito district's (0.1155) is its proposed rate; final rates cannot be higher than proposed. NWFWMD (0.0201) is adopted.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $441,300 |
|---|---|---|
| Bay County Board of County Commissioners (general fund) | 0.5436% | $2,120 |
| Bay District Schools (required local effort, capital outlay and discretionary) (schools) | 0.5317% | $2,213 |
| Beach Mosquito Control District | 0.0115% | $45 |
| Northwest Florida Water Management District | 0.002% | $8 |
| City fire service assessment (yearly, figured as if the whole value were improvements) | flat | $423 |
| City stormwater assessment (yearly, figured as if the whole value were improvements) | flat | $275 |
| Total | 1.089% | $5,084 |
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. Exemptions applied: Homestead exemption (first $25,000) ($25,000); Additional homestead exemption (up to $26,411, on value between $50,000 and $75,000) ($26,411).
Ways to pay less
- Pay your tax bill in November. 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. 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).
Dates
| When | What |
|---|---|
| Nov 1 (in 8 days) | Tax notices are normally mailed on or before November 1; paying in November takes 4% off. |
| Around Nov 1, 2026 (in 8 days) | The City's fire and stormwater assessments are collected on the same bill as taxes, mailed around November 1, 2026. |
| Mar 1 | Deadline to submit Form DR-501 to the county property appraiser for the homestead exemption for that tax year. |
| Mar 31 | Property tax due date on the notice mailed by November 1. |
| Apr 1 | Taxes that are not paid become delinquent on April 1. |
Sources
- City of Panama City Beach FY26-27 special assessments notice
- City fire assessment resolution 26-118 (FY26-27)
- City stormwater assessment resolution 26-119 (FY26-27)
- Bay County FY2027 final millage hearing presentation
- Bay County School Board FY 2026-27 proposed millage notice
- Bay County Tax Collector: real estate property taxes
- Florida DOR PT-113 homestead
- Pinellas PA homestead (2026 amount)
Checked October 22, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.