Riverview, Florida Property Taxes
The median property tax rate in Riverview, FL is 1.62%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Riverview, the typical annual property tax bill reaches $4,479, exceeding the national median of $2,690. Property taxes in Riverview 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 Riverview'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 Riverview 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
Riverview, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$4,797
$4,535
$1,148
Average Riverview, Florida Tax Savings
Ownwell’s Riverview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverview 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 Riverview. 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 Riverview, Florida
Property taxes in Riverview, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverview is 1.62%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Riverview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverview 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 Riverview's effective property tax rate to other areas in Hillsborough County and the national median. For comparison, the 33579 zip code has the highest median property tax rate of 1.78%, while the 33569 zip code has the lowest median tax rate of 1.26%. Understanding how these areas compare with Riverview 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 Riverview Tax Rate
1.62%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33569 | 0.68% | 0.85% | 1.26% | 1.80% | 2.18% |
| 33578 | 0.67% | 1.06% | 1.51% | 1.95% | 2.32% |
| 33579 | 0.74% | 1.24% | 1.78% | 2.23% | 2.60% |
Source: Ownwell
$1,148
Average Riverview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Riverview, Florida
In Riverview, 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 Riverview, 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 example, the highest median tax bill in Riverview is $5,782 in the 33579 zip code, while the lowest median tax bill is $3,932 in the 33578 zip code. 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 Riverview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Riverview Assessed Value
$296,105
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 Riverview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33569 | $201,633 | $250,708 | $311,667 | $381,655 | $456,487 |
| 33578 | $156,846 | $220,231 | $264,180 | $329,162 | $403,264 |
| 33579 | $192,760 | $256,080 | $324,649 | $396,770 | $459,649 |
Source: Ownwell
$1,148
Average Riverview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Riverview, Florida
In Riverview, Hillsborough County, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Riverview is $296,105, and property tax bills can vary widely. Factors such as the home's assessed value, exemptions, and the specific tax rate for your area influence the final tax bill. For instance, the 25th percentile tax bill is around $2,844, while the 75th percentile tax bill reaches up to $6,510, and the 90th percentile tax bill can be as high as $8,376. The highest median tax bill, found in zip code 33579, is $5,782, compared to the lowest median tax bill of $3,932 in zip code 33578. Homeowners in Riverview can benefit significantly from appealing their property tax assessments. Ownwell offers expert property tax appeal and exemption services, helping homeowners ensure their assessments are fair and accurate. By leveraging local market data and professional expertise, Ownwell can help Riverview homeowners potentially save hundreds or even thousands on their annual property tax bills.
Average Riverview Tax Bill
$4,479
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverview, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33569 | $1,745 | $2,625 | $4,038 | $5,652 | $7,206 |
| 33578 | $1,537 | $2,524 | $3,932 | $5,480 | $7,424 |
| 33579 | $2,045 | $3,562 | $5,782 | $7,750 | $9,398 |
Source: Ownwell
$1,148
Average Riverview 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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