City of Belleair Bluffs
An estimate of how Amendment 3's larger homestead exemption could change ad valorem property tax revenue for the City of Belleair Bluffs, based on 2026 property values and the 2025 city tax rate of 5.3500 mills.
These are estimates, not forecasts. They hold today's values and tax rate constant to show the effect of the new exemption by itself. Property values, the number of homesteads and tax rates will all change. Property taxes are also not the only source of revenue for the City of Belleair Bluffs. Read the full list of limitations below.
Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect the City of Belleair Bluffs based on current data. They are not official. For official information about the City of Belleair Bluffs' budget, tax rate and revenue, contact the City of Belleair Bluffs directly. For official property values and exemptions, contact the Pinellas County Property Appraiser.
Summary of estimates
2026 city ad valorem revenue$2.1 million95% of the gross levy of $2.2 million, the share Florida requires taxing authorities to budget at minimum
2028 estimate$1.6 million95% of a gross levy of $1.7 million, with homestead assessed values rising by up to 3% a year, capped at just value
Estimated change by 2028−$454,700−22.2% from 2026. If homestead values stay flat: −$483,000 (−23.5%)
Homesteads71454.3% of 1,316 parcels in the city
Estimated revenue by year
Homestead assessed values rise by up to 3% a year, the most Save Our Homes allows, but never above each home's 2026 just (market) value. All other property stays at its 2026 taxable value. The city's tax rate stays at its 2025 level. The gross levy is taxable value times the tax rate. The budget basis is 95% of the gross levy, which allows for early-payment discounts and unpaid taxes; see the limitations below.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|
| 2026 | $163,467,510 | $240,330,033 | $403,797,543 | $2,160,317 | $2,052,301 | — | — |
| 2027 (estimate) | $106,503,041 | $240,330,033 | $346,833,074 | $1,855,557 | $1,762,779 | −$289,522 | −14.1% |
| 2028 (estimate) | $73,995,512 | $240,330,033 | $314,325,545 | $1,681,642 | $1,597,560 | −$454,741 | −22.2% |
If homestead assessed values stay at 2026 levels
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|
| 2026 | $163,467,510 | $240,330,033 | $403,797,543 | $2,160,317 | $2,052,301 | — | — |
| 2027 (estimate) | $102,560,214 | $240,330,033 | $342,890,247 | $1,834,463 | $1,742,740 | −$309,561 | −15.1% |
| 2028 (estimate) | $68,440,581 | $240,330,033 | $308,770,614 | $1,651,923 | $1,569,327 | −$482,974 | −23.5% |
What drives the estimate
Of Pinellas County's 24 cities and towns, the City of Belleair Bluffs has the ninth-largest estimated percentage change in city ad valorem revenue by 2028. The estimated change is −22.2%. Two things determine its size.
How much of the city's taxable value comes from homesteads. The amendment changes the exemption only for homesteads. Property without a homestead exemption, such as rentals, businesses, second homes and vacant land, keeps its taxable value. In the City of Belleair Bluffs, homesteads make up 40.5% of taxable value in 2026, the eighth-highest share of the 24. Among the 24, the share ranges from 16.6% to 63.9%.
How much of that homestead value the new exemption removes. Because the exemption is a flat dollar amount, it removes a larger share of value from homes with lower assessed values. The median homestead in the City of Belleair Bluffs has an assessed value of $193,305, the seventh-lowest of the 24. By 2028, the new exemption is estimated to remove 54.7% of the city's homestead taxable value. Among the 24, this ranges from −0.3% to 88.6%.
Across the county, places where homesteads make up a larger share of taxable value generally have larger estimated percentage changes. Home values also play a part. Kenneth City has the lowest median homestead assessed value; the exemption removes 88.6% of its homestead taxable value, and its estimated percentage change is the largest of the 24.
| City or town | Homestead share of taxable value, 2026 | Median homestead assessed value | Homestead taxable value removed by 2028 | Estimated revenue change by 2028 |
|---|
| Town of Belleair | 63.9% | $417,187 | 26.3% | −16.8% |
| City of Safety Harbor | 57.9% | $244,323 | 56.6% | −32.8% |
| City of Gulfport | 50.5% | $195,788 | 50.1% | −25.3% |
| City of Belleair Beach | 49.8% | $597,581 | 20.1% | −10.0% |
| City of Tarpon Springs | 46.5% | $205,985 | 63.2% | −29.4% |
| City of Dunedin | 45.6% | $205,744 | 58.5% | −26.7% |
| City of Seminole | 42.7% | $181,694 | 66.7% | −28.4% |
| City of Belleair Bluffs | 40.5% | $193,305 | 54.7% | −22.2% |
| City of St. Petersburg | 39.4% | $195,144 | 49.5% | −19.5% |
| Town of Belleair Shore | 39.0% | $3,926,480 | −0.3% | +0.1% |
| Town of Kenneth City | 38.2% | $107,359 | 88.6% | −33.8% |
| Town of Redington Beach | 37.5% | $471,601 | 23.3% | −8.7% |
| City of Oldsmar | 35.0% | $209,116 | 70.8% | −24.8% |
| Town of Redington Shores | 33.7% | $439,310 | 32.9% | −11.1% |
| City of Treasure Island | 31.5% | $366,485 | 33.6% | −10.6% |
| City of South Pasadena | 31.2% | $185,735 | 70.9% | −22.2% |
| Town of North Redington Beach | 30.6% | $604,524 | 24.0% | −7.3% |
| City of St. Pete Beach | 30.3% | $415,188 | 29.0% | −8.8% |
| City of Clearwater | 29.7% | $193,303 | 54.5% | −16.2% |
| City of Largo | 25.4% | $145,439 | 76.5% | −19.4% |
| City of Indian Rocks Beach | 24.5% | $416,846 | 31.9% | −7.8% |
| City of Madeira Beach | 24.1% | $423,366 | 33.3% | −8.0% |
| City of Pinellas Park | 22.8% | $141,233 | 85.9% | −19.6% |
| Town of Indian Shores | 16.6% | $414,755 | 26.2% | −4.3% |
Sorted by homestead share of taxable value. Estimates use homestead assessed values rising by up to 3% a year, capped at just value and the 2025 municipal tax rates.
Homesteads in the city
| Year | Homestead exemption | Homesteads with $0 city taxable value | Share of homesteads | Median city tax per homestead | Homestead share of city taxable value |
|---|
| 2026 | up to $51,411 | 0 | 0.0% | $753 | 40.5% |
| 2027 (estimate) | $150,000 | 225 | 31.5% | $247 | 30.7% |
| 2028 (estimate) | $250,000 | 454 | 63.6% | $0 | 23.5% |
Estimates use homestead assessed values rising by up to 3% a year, capped at just value. Median city tax counts only the city's own millage, not county, school or other taxes.
Property taxes are one of several revenue sources
Florida cities and towns also receive money from other sources. Depending on the place, these can include state revenue sharing, the local government half-cent sales tax, local option sales and fuel taxes, public service taxes on utilities, the communications services tax, franchise fees, charges for services such as utilities and permits, and state and federal grants. The mix differs from place to place. The City of Belleair Bluffs' adopted budget shows its full set of revenue sources and how much each provides.
Limitations of these estimates
- Values will change. Market values, new construction, demolitions and annexations will all change the city's taxable value. Here, property without a homestead exemption stays at its 2026 value, and homestead assessed values either stay flat or rise by up to 3% a year, but not above each home's 2026 just value. Homes already assessed at their just value don't rise at all, and just values will themselves change with the market. The Save Our Homes cap for 2026 was 2.7%.
- The number of homesteads will change. When a homestead sells, its assessed value resets to market value for the new owner. New owners may or may not apply for a homestead exemption. Owners who were not Florida residents on Dec. 31, 2026, receive a $50,000 non-school exemption instead of the larger amounts. None of these changes are modeled.
- Tax rates may change. The city sets its millage rate each year. These estimates hold the 2025 rate of 5.3500 mills constant to show the effect of the exemption alone.
- Other parts of Amendment 3 are not modeled, including the new 5% annual cap on non-school assessment increases for property without a homestead exemption.
- Discounts and unpaid taxes. Property owners who pay early get a discount under section 197.162, Florida Statutes: 4% in November, 3% in December, 2% in January and 1% in February, with no discount in March. Some taxes are paid late or not at all, and value adjustment board decisions can lower a property's value after the roll is certified. Because of this, a government does not collect its full gross levy. Section 200.065, Florida Statutes, requires taxing authorities to use at least 95% of their taxable value when setting tax rates, and the Florida Department of Revenue's 2026 TRIM Compliance Workbook says each millage rate must include at least 95% of ad valorem proceeds in the budget. These pages show both the gross levy and 95% of it, called the budget basis. Actual collections vary from year to year and can be above or below 95%.
- Real property only. These figures cover land and buildings on the tax roll. Taxes on tangible personal property, such as business equipment, and on centrally assessed property, such as railroads, are not included. That property has no homestead exemption, so including it would add revenue that Amendment 3 does not change.
- Collection and assessment costs are not subtracted. Fees or commissions that may be paid to the tax collector or property appraiser are not included.
- Taxable value is approximate. These figures use each parcel's county (non-school) taxable value. Exemptions that apply only to city taxes can make the city's actual taxable value differ.
- Operating millage only. Any voter-approved debt service millage is not included.
- Parcel locations come from the tax district codes on the same tax roll.
- This page does not predict budgets, services or how the city may respond. For official figures, see the City of Belleair Bluffs' budget documents and the Pinellas County Property Appraiser.
Sources and method
Property values and exemptions: The Pinellas County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the 2025 millage rates the Florida Department of Revenue posts for Pinellas County (2026 rates by tax district were not readily available). Parcel tax districts: the tax district codes on the same tax roll.
For each homestead, the estimated taxable value is its assessed value minus the new homestead exemption ($150,000 in 2027, $250,000 in 2028) and any other exemptions, but not less than zero. The gross levy is the city's total taxable value times 5.3500 mills. The budget basis is 95% of the gross levy, following section 200.065, Florida Statutes, and the Department of Revenue's 2026 TRIM Compliance Workbook. Early-payment discounts: section 197.162, Florida Statutes.
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