Thonotosassa, Florida Property Taxes
The median property tax rate in Thonotosassa, FL is 1.05%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With a median home value of $237,455 in Thonotosassa, the typical annual property tax bill amounts to $2,404, which is below the national median of $2,690. Property taxes in Thonotosassa are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Thonotosassa's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Thonotosassa or another part of Hillsborough County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thonotosassa, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,493
$2,357
$1,148
Average Thonotosassa, Florida Tax Savings
Ownwell’s Thonotosassa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thonotosassa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thonotosassa 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 Thonotosassa. 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 Thonotosassa, Florida
Property taxes in Thonotosassa, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thonotosassa is 1.05%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Thonotosassa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thonotosassa 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 Thonotosassa's effective property tax rate to other areas in Hillsborough County and the national median. For comparison, the 33592 zip code has the highest median property tax rate of 1.05%, while the same 33592 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Thonotosassa 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 Thonotosassa Tax Rate
1.05%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thonotosassa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33592 | 0.56% | 0.74% | 1.05% | 1.68% | 1.99% |
Source: Ownwell
$1,148
Average Thonotosassa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Thonotosassa, Florida
In Thonotosassa, 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 Property Appraiser 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 Thonotosassa, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Thonotosassa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33592 has the highest median tax bill of $2,404, which is significantly higher than the national median property tax rate of 0.99%.
Average Thonotosassa Assessed Value
$237,455
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 Thonotosassa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33592 | $81,058 | $130,338 | $237,455 | $351,790 | $578,358 |
Source: Ownwell
$1,148
Average Thonotosassa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Thonotosassa, Florida
Property tax bills in Thonotosassa, located in Hillsborough County, FL, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as property size, location, and improvements. In Thonotosassa, the median home price is $237,455. Homeowners in the 25th percentile pay around $1,283, while those in the 75th percentile see tax bills of approximately $4,191. For the top 10%, tax bills can reach up to $7,166. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates can significantly impact tax liabilities. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By carefully reviewing property assessments and identifying potential errors or opportunities for exemptions, Ownwell can help reduce the assessed value and, consequently, the tax bill. This ensures homeowners in Thonotosassa pay only their fair share, potentially saving them substantial amounts annually.
Average Thonotosassa Tax Bill
$2,404
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Thonotosassa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33592 | $844 | $1,283 | $2,404 | $4,191 | $7,166 |
Source: Ownwell
$1,148
Average Thonotosassa 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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