Tampa, Florida Property Taxes
The median property tax rate in Tampa, FL is 1.23%, notably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Tampa at $277,708, the typical annual property tax bill reaches $3,236, surpassing the national median of $2,690. Property taxes in Tampa are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tampa'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 Tampa or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tampa, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,416
$3,230
$1,148
Average Tampa, Florida Tax Savings
Ownwell’s Tampa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tampa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tampa 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 Tampa. 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 Tampa, Florida
Property taxes in Tampa, Florida, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Tampa is 1.23%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Tampa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tampa 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 Tampa's effective property tax rate to other counties in Florida and the national median. For comparison, the 33647 zip code has the highest median property tax rate of 1.53%, while the 33634 zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Tampa 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 Tampa Tax Rate
1.23%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tampa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33511 | N/A | N/A | N/A | N/A | N/A |
| 33592 | N/A | N/A | N/A | N/A | N/A |
| 33602 | 0.46% | 0.94% | 1.46% | 1.81% | 1.95% |
| 33603 | 0.27% | 0.41% | 1.11% | 1.66% | 1.94% |
| 33604 | 0.27% | 0.40% | 1.21% | 1.63% | 1.96% |
| 33605 | 0.19% | 0.42% | 1.30% | 1.64% | 1.97% |
| 33606 | 0.45% | 0.76% | 1.25% | 1.76% | 1.93% |
| 33607 | 0.24% | 0.40% | 1.25% | 1.67% | 1.94% |
| 33609 | 0.41% | 0.77% | 1.31% | 1.72% | 1.91% |
| 33610 | 0.23% | 0.40% | 1.24% | 1.66% | 1.97% |
| 33611 | 0.34% | 0.62% | 1.23% | 1.74% | 1.94% |
| 33612 | 0.30% | 0.48% | 1.15% | 1.58% | 1.85% |
| 33613 | 0.50% | 0.71% | 1.18% | 1.55% | 1.77% |
| 33614 | 0.42% | 0.56% | 1.16% | 1.59% | 1.79% |
| 33615 | 0.50% | 0.63% | 1.09% | 1.65% | 1.83% |
| 33616 | 0.32% | 0.46% | 1.29% | 1.75% | 1.96% |
| 33617 | 0.30% | 0.50% | 1.23% | 1.65% | 1.86% |
| 33618 | 0.55% | 0.76% | 1.02% | 1.47% | 1.77% |
| 33619 | 0.48% | 0.59% | 1.47% | 1.77% | 2.11% |
| 33624 | 0.56% | 0.74% | 1.06% | 1.68% | 1.84% |
| 33625 | 0.64% | 0.74% | 1.10% | 1.70% | 1.89% |
| 33626 | 0.84% | 1.07% | 1.31% | 1.71% | 1.92% |
| 33629 | 0.50% | 0.73% | 1.15% | 1.60% | 1.86% |
| 33634 | 0.50% | 0.61% | 1.01% | 1.66% | 1.88% |
| 33635 | 0.69% | 0.78% | 1.16% | 1.70% | 1.84% |
| 33636 | N/A | N/A | N/A | N/A | N/A |
| 33637 | 0.56% | 0.65% | 1.21% | 1.79% | 1.97% |
| 33647 | 0.90% | 1.14% | 1.53% | 1.92% | 2.28% |
Source: Ownwell
$1,148
Average Tampa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tampa, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tampa, Florida. 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 Tampa, 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 Tampa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 33629 has the highest median tax bill of $8,124, while the zip code 33617 has the lowest at $1,742.
Average Tampa Assessed Value
$277,708
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 Tampa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33511 | N/A | N/A | N/A | N/A | N/A |
| 33592 | N/A | N/A | N/A | N/A | N/A |
| 33602 | $260,447 | $343,483 | $439,454 | $585,340 | $865,714 |
| 33603 | $175,309 | $219,053 | $282,556 | $364,368 | $470,708 |
| 33604 | $125,794 | $171,191 | $223,287 | $291,306 | $377,603 |
| 33605 | $116,846 | $141,162 | $180,451 | $234,221 | $290,873 |
| 33606 | $244,292 | $402,292 | $632,670 | $1,111,773 | $1,984,911 |
| 33607 | $170,336 | $203,530 | $250,194 | $317,748 | $413,705 |
| 33609 | $186,348 | $283,261 | $451,473 | $719,233 | $1,446,479 |
| 33610 | $109,693 | $150,928 | $196,516 | $238,507 | $300,388 |
| 33611 | $167,028 | $240,588 | $328,107 | $536,482 | $883,509 |
| 33612 | $99,456 | $156,040 | $202,248 | $258,559 | $338,939 |
| 33613 | $102,464 | $133,856 | $250,066 | $363,231 | $655,537 |
| 33614 | $98,990 | $147,508 | $228,274 | $292,673 | $355,535 |
| 33615 | $130,941 | $189,310 | $256,410 | $331,262 | $455,896 |
| 33616 | $198,379 | $233,159 | $288,813 | $395,812 | $516,426 |
| 33617 | $98,912 | $130,589 | $188,362 | $236,314 | $287,053 |
| 33618 | $176,765 | $223,514 | $330,617 | $463,844 | $639,470 |
| 33619 | $121,476 | $152,728 | $188,453 | $249,323 | $324,011 |
| 33624 | $157,219 | $217,451 | $292,669 | $357,973 | $444,490 |
| 33625 | $200,412 | $247,802 | $295,724 | $365,174 | $465,008 |
| 33626 | $196,459 | $324,600 | $406,849 | $561,089 | $741,078 |
| 33629 | $375,690 | $508,126 | $684,990 | $1,042,470 | $1,653,566 |
| 33634 | $171,185 | $205,537 | $261,800 | $315,264 | $403,194 |
| 33635 | $206,689 | $261,303 | $320,126 | $404,934 | $475,230 |
| 33636 | N/A | N/A | N/A | N/A | N/A |
| 33637 | $152,145 | $181,029 | $214,924 | $256,266 | $295,270 |
| 33647 | $159,350 | $254,685 | $361,422 | $475,886 | $606,050 |
Source: Ownwell
$1,148
Average Tampa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tampa, Florida
Property tax bills in Tampa, Hillsborough County, FL, are calculated based on the assessed value of a property multiplied by the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Several factors influence this value, including the property's size, location, and condition. In Tampa, the median home price is $277,708, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,718, while those in the 75th percentile face bills as high as $5,473. Notably, residents in the 33629 zip code experience the highest median tax bill at $8,124, whereas those in the 33617 zip code see the lowest at $1,742. High property tax bills can be a financial burden on homeowners. Ownwell offers property tax appeal and exemption services to help reduce these costs. By ensuring your property's assessed value is accurate and identifying potential exemptions, Ownwell can help you save significantly on your property tax bill.
Average Tampa Tax Bill
$3,236
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tampa, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33511 | N/A | N/A | N/A | N/A | N/A |
| 33592 | N/A | N/A | N/A | N/A | N/A |
| 33602 | $1,766 | $3,864 | $6,320 | $8,795 | $13,131 |
| 33603 | $666 | $1,206 | $2,866 | $4,710 | $6,825 |
| 33604 | $571 | $983 | $2,258 | $3,793 | $5,373 |
| 33605 | $315 | $827 | $2,086 | $3,211 | $4,462 |
| 33606 | $2,618 | $4,368 | $7,560 | $12,603 | $23,642 |
| 33607 | $595 | $1,090 | $2,799 | $4,193 | $5,855 |
| 33609 | $1,484 | $2,881 | $5,634 | $9,726 | $16,643 |
| 33610 | $343 | $792 | $2,043 | $3,287 | $4,398 |
| 33611 | $821 | $1,875 | $3,956 | $6,763 | $11,143 |
| 33612 | $571 | $874 | $1,952 | $3,251 | $4,598 |
| 33613 | $1,014 | $1,478 | $2,372 | $4,612 | $8,767 |
| 33614 | $835 | $1,211 | $1,966 | $3,425 | $4,887 |
| 33615 | $1,054 | $1,476 | $2,613 | $4,204 | $6,098 |
| 33616 | $725 | $1,353 | $3,835 | $5,808 | $8,401 |
| 33617 | $594 | $1,014 | $1,742 | $3,008 | $4,128 |
| 33618 | $1,208 | $2,246 | $3,557 | $5,426 | $7,734 |
| 33619 | $807 | $1,104 | $2,420 | $3,574 | $5,806 |
| 33624 | $1,258 | $2,064 | $2,997 | $4,493 | $5,952 |
| 33625 | $1,553 | $2,173 | $3,469 | $5,025 | $6,320 |
| 33626 | $2,608 | $3,845 | $5,782 | $7,871 | $10,648 |
| 33629 | $2,529 | $4,434 | $8,124 | $12,991 | $20,768 |
| 33634 | $1,068 | $1,568 | $2,744 | $4,222 | $5,861 |
| 33635 | $1,826 | $2,527 | $3,638 | $5,247 | $6,792 |
| 33636 | N/A | N/A | N/A | N/A | N/A |
| 33637 | $1,076 | $1,361 | $2,693 | $3,861 | $4,663 |
| 33647 | $2,433 | $3,466 | $5,419 | $7,815 | $10,455 |
Source: Ownwell
$1,148
Average Tampa 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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