Plant City, Florida Property Taxes
The median property tax rate in Plant City, FL is 0.97%, slightly below the national median of 0.99% and significantly lower than Florida's state median of 1.14%. With a median home value of $233,894, the typical annual property tax bill in Plant City amounts to $2,311, which is under the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Plant City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Plant City or another part of Hillsborough County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plant City, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,269
$2,145
$1,148
Average Plant City, Florida Tax Savings
Ownwell’s Plant City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plant City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plant City to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Plant City. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Plant City, Florida
Property taxes in Plant City, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plant City is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Plant City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plant City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Plant City's effective property tax rate to other areas in Hillsborough County and the national median. For comparison, the 33563 zip code has the highest median property tax rate of 1.02%, while the 33566 zip code has the lowest median tax rate of 0.92%. Understanding how these areas compare with Plant City provides valuable insights into the varying tax landscape across Hillsborough County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plant City Tax Rate
0.97%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plant City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33563 | 0.26% | 0.39% | 1.02% | 1.50% | 1.76% |
| 33565 | 0.58% | 0.70% | 0.99% | 1.67% | 1.99% |
| 33566 | 0.56% | 0.69% | 0.92% | 1.57% | 1.80% |
| 33567 | 0.62% | 0.74% | 0.99% | 1.64% | 1.95% |
Source: Ownwell
$1,148
Average Plant City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Plant City, Florida
In Plant City, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hillsborough County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Plant City, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price is $233,894, with tax bills ranging from $1,314 at the 25th percentile to $5,182 at the 90th percentile. The highest median tax bill is $2,732 in zip code 33565, while the lowest median tax bill is $1,717 in zip code 33563. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plant City Assessed Value
$233,894
Average Hillsborough County Assessed Value
$280,428
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plant City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33563 | $106,058 | $148,306 | $197,658 | $249,388 | $303,784 |
| 33565 | $120,077 | $180,563 | $273,007 | $383,340 | $508,657 |
| 33566 | $126,122 | $191,231 | $259,035 | $336,701 | $424,811 |
| 33567 | $104,467 | $163,298 | $248,078 | $333,298 | $437,115 |
Source: Ownwell
$1,148
Average Plant City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Plant City, Florida
In Plant City, located in Hillsborough County, FL, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and market conditions influence the assessed value. For instance, the median home price in Plant City is $233,894, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $1,314, while those in the 75th percentile face bills up to $3,639, and those in the 90th percentile can see bills as high as $5,182. Ownwell helps homeowners by identifying potential errors in the assessed value and filing appeals to ensure a fair tax bill. By leveraging their expertise, homeowners can potentially reduce their property tax burden, ensuring they only pay what is necessary and saving them significant amounts annually.
Average Plant City Tax Bill
$2,311
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Plant City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33563 | $458 | $757 | $1,717 | $2,907 | $3,994 |
| 33565 | $1,008 | $1,647 | $2,732 | $4,528 | $6,817 |
| 33566 | $975 | $1,556 | $2,590 | $3,859 | $5,106 |
| 33567 | $990 | $1,574 | $2,523 | $3,858 | $5,379 |
Source: Ownwell
$1,148
Average Plant City Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Hillsborough Property Appraiser | |
| Phone | (813) 272-6100 |
| Website | gis.hcpafl.org |
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