Taxes & Insurance in Dunedin
Pinellas County's property tax rate is trending down, but Dunedin's flood insurance exposure -- as a coastal, causeway-adjacent city -- is a real, ongoing cost that requires property-specific research.
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Learn morePinellas County property tax rates, trending down
Pinellas County's 2025 total millage runs about 19.39 mills, of which roughly 6.29 mills fund schools. For FY2026, the county's Board of County Commissioners approved cutting the county general fund property tax rate to 4.5423 mills -- described by the county as its lowest level since 1990 -- though the full FY2026 total millage wasn't finalized until required hearings in September 2026. The overall effective property tax rate across Pinellas County runs around 1.0% of assessed value for the 2025-2026 assessment year.
Flood insurance costs and a city-specific discount
Pinellas County's median flood insurance cost is about $1,165/year, somewhat above the Florida statewide NFIP average of roughly $938-$1,363/year depending on policy type. Dunedin participates in FEMA's Community Rating System at CRS Class 5, which delivers a 25% NFIP premium discount within Special Flood Hazard Areas and a 10% discount outside them -- a real, city-specific mitigation worth confirming applies to a target property.
Rates are rising under FEMA’s Risk Rating 2.0
Florida flood insurance premiums are increasing under FEMA's Risk Rating 2.0 system, which now prices each property by distance to water, first-floor elevation, and replacement cost rather than flat zone-based rates -- with some coastal areas seeing increases up to 342%. Increases for underpriced existing policies are generally capped at 18% per year as the new pricing phases in.
Key takeaways
- Pinellas County’s FY2026 county general fund millage was cut to 4.5423 mills, its lowest level since 1990, though the full total millage wasn’t finalized until September 2026 hearings.
- Overall effective property tax rate across Pinellas County runs around 1.0% of assessed value for 2025-2026.
- Pinellas County’s median flood insurance cost is about $1,165/year; Dunedin’s CRS Class 5 rating delivers a 25% NFIP discount in flood hazard areas (10% elsewhere).
- Flood insurance rates are rising under FEMA’s Risk Rating 2.0, with increases on existing underpriced policies generally capped at 18%/year.
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