Zephyrhills, Florida Property Taxes
The median property tax rate in Zephyrhills, FL is 1.32%, significantly higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Zephyrhills at $184,966, the typical annual property tax bill reaches $2,025, slightly below the national median of $2,690. Property taxes in Zephyrhills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zephyrhills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Zephyrhills 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
Zephyrhills, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,442
$2,266
$1,148
Average Tax Savings
Ownwell’s Zephyrhills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zephyrhills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zephyrhills 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 Zephyrhills. 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 Zephyrhills, Florida
Property taxes in Zephyrhills, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zephyrhills is 0.86%, lower than both the Florida state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Zephyrhills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zephyrhills 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 Zephyrhills' effective property tax rate to other counties in Florida and the national median. For comparison, the 33540 zip code has the highest median property tax rate of 0.86%, while the 33540 zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Zephyrhills provides valuable insights into the varying tax landscape across Pasco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zephyrhills Tax Rate
1.32%
Average Hillsborough County Tax Rate
1.27%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zephyrhills, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33540 | 0.78% | 0.89% | 1.32% | 1.81% | 2.43% |
Source: Ownwell
$1,148
Average Zephyrhills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Zephyrhills, Florida
In Zephyrhills, 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 Appraisal District 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 Zephyrhills, 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 instance, the median home price in Zephyrhills is approximately $184,966, with tax bills ranging from $1,424 at the 25th percentile to $4,083 at the 90th percentile. 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 Zephyrhills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Zephyrhills Assessed Value
$184,966
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 Zephyrhills, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33540 | $61,229 | $109,302 | $184,966 | $255,936 | $283,441 |
Source: Ownwell
$1,148
Average Zephyrhills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Zephyrhills, Florida
In Zephyrhills, Hillsborough County, FL, property tax bills are calculated based on the assessed value of a home multiplied by the local tax rate. With a median home price of $184,966, the tax bill can vary significantly. Homeowners in the 25th percentile may pay around $1,424, while those in the 75th percentile might see bills as high as $3,019. At the 90th percentile, tax bills can reach up to $4,083. Factors influencing these variations include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Zephyrhills homeowners may find their tax bills higher or lower depending on the assessed value and local tax rates. This variability can significantly impact household budgets. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Zephyrhills Tax Bill
$2,025
Average Hillsborough County Tax Bill
$3,523
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Zephyrhills, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33540 | $1,145 | $1,424 | $2,025 | $3,019 | $4,083 |
Source: Ownwell
$1,148
Average Zephyrhills 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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