Brandon, Florida Property Taxes
The median property tax rate in Brandon, FL is 1.13%, slightly higher than the national median of 0.99% but just below Florida's state median of 1.14%. With a median home value of $253,642 in Brandon, the typical annual property tax bill reaches $2,847, surpassing the national median of $2,690. Property taxes in Brandon are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Brandon'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 Brandon 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
Brandon, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,866
$2,712
$1,148
Average Brandon, Florida Tax Savings
Ownwell’s Brandon Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Brandon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Brandon to provide an estimate of your property tax bill. This insightful tool not only clarifies potential tax liabilities but also demonstrates how Ownwell can help reduce property taxes in Brandon. 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 Brandon, Florida
Property taxes in Brandon, Florida, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandon is 1.13%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Brandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandon 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 Brandon's effective property tax rate to other areas in Hillsborough County and the national median. For comparison, the 33511 zip code has the highest median property tax rate of 1.15%, while the 33510 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Brandon 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 Brandon Tax Rate
1.13%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | 0.58% | 0.68% | 1.09% | 1.69% | 1.90% |
| 33511 | 0.59% | 0.74% | 1.15% | 1.75% | 1.90% |
Source: Ownwell
$1,148
Average Brandon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brandon, Florida
In Brandon, 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 Brandon, 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 Brandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,004 in zip code 33511, while the lowest is $2,618 in zip code 33510.
Average Brandon Assessed Value
$253,642
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 Brandon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | $162,905 | $202,652 | $241,659 | $294,940 | $365,829 |
| 33511 | $167,752 | $217,357 | $261,774 | $323,228 | $423,909 |
Source: Ownwell
$1,148
Average Brandon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brandon, Florida
In Brandon, Hillsborough County, FL, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Hillsborough County Property Appraiser and reflects the market value of the home. For instance, with a median home price of $253,642, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill is around $1,795, while the 75th percentile reaches $4,344, and the 90th percentile can go up to $5,602. The highest median tax bill in the area is $3,004 in zip code 33511, while the lowest is $2,618 in zip code 33510. These tax bills can be a significant financial burden for homeowners. Ownwell can help by providing expert property tax appeal and exemption services, ensuring that homeowners are not overpaying. By analyzing property assessments and identifying discrepancies, Ownwell can potentially lower your tax bill, offering substantial savings and easing the financial stress associated with property taxes.
Average Brandon Tax Bill
$2,847
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandon, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | $1,161 | $1,611 | $2,618 | $3,997 | $5,115 |
| 33511 | $1,290 | $1,926 | $3,004 | $4,559 | $5,888 |
Source: Ownwell
$1,148
Average Brandon 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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