One-half mill equals $50 per year per $100,000 in taxable value. In 2012, the average single-family home in Pinellas County was valued at $137,911. With a $25,000 homestead exemption, the average homeowner would pay just $56.46 per year. That translates to less than $5 a month or about 15 cents per day.
For homes valued at $250,000, with a $25,000 homestead exemption, homeowners would pay $112.50 a year. That’s just $9.38 a month or 31 cents per day. The daily rate is far less than a cup of coffee or a newspaper for the vast majority of Pinellas homeowners.