November 3, 2026: Florida Amendment 3 is on the ballot. Rentals do not get the new homestead exemption.County impact →

Pinellas County · Table 5 · 2028 model

St. Petersburg rental holding costs and Amendment 3

People searching “is it worth buying a rental in St. Petersburg” need tax, millage, and insurance — not a slogan. Below are the cited figures. We do not declare this market a buy.

· · Figures retrieved 2026-10-18

Amendment 3 modeled 2028 tax (Table 5)

TypeAdditional taxPercent
Apartment unit$65119.9%
Single-family rental$1,28218.45%

Walczak Table 5 · county-level Table 4 is on the Pinellas Amendment 3 page.

Millage used for a purchase-year tax sketch

Our extract of the Pinellas millage sheet does not include a published St. Petersburg citywide total, so we do not invent one. The calculator default below is the county example (15.3229 mills — County & MSTU (millage code AA)). Replace it with the TRIM millage for the parcel.Pinellas County Tax Collector, 2025 Millage Rates.

OIR homeowners-with-wind average for Pinellas as of 2025-09-30: $4,044. That is a labeled placeholder, not a St. Petersburg DP-3 quote.Insurance page.

Is it worth buying a rental in St. Petersburg?

This site does not rate St. Petersburg as a buy or a pass. Worth depends on rent, millage, insurance, flood, and HOA on the specific parcel. Walczak Table 5 models $1,282 (18.45%) additional 2028 tax on the average St. Petersburg single-family rental if millage is raised to replace homestead revenue — an assumption, not a forecast.

Does a St. Petersburg rental get the Amendment 3 homestead exemption?

No. Homestead is for a permanent resident’s primary home. Source: Pinellas County Property Appraiser Amendment 3 FAQs.

Calculator starting from Pinellas

If St. Petersburg millage is in our files, type 15.3229 into the millage field. Label: County & MSTU (millage code AA) (city total not in our extract; using county example).