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Valrico, Hillsborough County, Florida Property Taxes

  • Median Valrico, FL effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Valrico, FL home value: $304,824

  • Median annual Valrico, FL tax bill: $3,614, $1,214 higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough County calculated?

Property taxes in Valrico, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Valrico’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valrico, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Valrico, Hillsborough County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$3,353

$3,112

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Valrico Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valrico with just two data points. By entering your property's estimated assessed value, our calculator applies Valrico’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hillsborough County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Valrico, Hillsborough County, Florida

Local government entities determine tax rates, which can vary significantly across Florida. Each county, including Hillsborough, estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its borders. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially the annual process.

Residents of Valrico in Hillsborough County experience a property tax rate that reflects these calculations. When comparing Valrico’s effective property tax rate to other cities in Florida, it becomes evident how much rates can differ even within the same state. The median property tax rate in Florida is slightly above the national median, which stands at 1.02%. However, within Valrico, the rates are competitive, with some areas experiencing a tax rate as low as 1.04% and others as high as 1.15%. This range highlights the variability within the region, offering potential savings for property owners who engage in property tax appeals.

Property Tax Rates Across Valrico, Hillsborough County, Florida

Source: Ownwell

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0.92%

1.42%

1.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Valrico Tax Rate

1.10%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hillsborough County Tax Rate

1.27%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Valrico, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
335940.65%0.79%1.15%1.77%1.95%
335960.74%0.85%1.04%1.67%1.88%

Source: Ownwell

Property Tax Assessment Values Across Valrico, Hillsborough County, Florida

When examining property taxes in Valrico, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hillsborough County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Hillsborough County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Valrico. For example, the median home price in Valrico is $304,824, with tax bills ranging significantly across the county. Zip code 33596 has the highest median home price at $342,602.

Property Tax Assessment Values Across Valrico, Hillsborough County, Florida

Source: Ownwell

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$101,538

$393,264

$684,990

Median Valrico Market Value

$304,824

Median Hillsborough County Market Value

$280,428

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Valrico, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33594$179,090$213,846$266,687$348,318$440,620
33596$223,579$277,832$342,602$414,368$519,269

Source: Ownwell

Property Tax Bills Across Valrico, Hillsborough County, Florida

In Valrico, located in Hillsborough County, FL, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value considers various factors, including the home's location, size, and market conditions. Valrico homeowners experience a range of tax bills, with the 25th percentile at $2,403 and the 75th percentile at $5,000. The highest median tax bill in the area is $3,888, significantly above the national median of $2,400, reflecting the local property values and tax rates. These taxes fund essential public services, impacting homeowners by contributing to community resources like schools and infrastructure.

Ownwell assists homeowners in Valrico by identifying potential savings on property tax bills. Our experts analyze your property's assessed value, ensuring it aligns with market trends, and file appeals on your behalf if discrepancies are found. By leveraging our expertise, homeowners can potentially reduce their tax bills, easing the financial burden and ensuring fair taxation.

Property Tax Bills Across Valrico, Hillsborough County, Florida

Source: Ownwell

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$1,043

$4,584

$8,124

Median Valrico Tax Bill

$3,614

Median Hillsborough County Tax Bill

$3,523

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Valrico, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33594$1,380$2,061$3,359$4,629$6,036
33596$1,927$2,731$3,888$5,404$7,004

Source: Ownwell

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