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Lutz, Pasco County, Florida Property Taxes

  • Median Lutz, FL effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Lutz, FL home value: $277,036

  • Median annual Lutz, FL tax bill: $2,679, $279 higher than the national median property tax bill of $2,400.

How are property taxes in Pasco calculated?

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

Last Updated March 1, 2025

Lutz, Pasco County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$2,964

$2,751

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lutz Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lutz with just two data points. By entering your property's estimated assessed value, our calculator applies Lutz’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 Pasco County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lutz, Pasco County, Florida

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Lutz’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

In Lutz, located in Pasco County, property tax rates demonstrate notable variation. The area with the highest median tax rate in Lutz is 1.62%, significantly above the national median of 1.02%. Conversely, the lowest median tax rate in Lutz is 0.78%, which is below both the state and national medians. Florida's median property tax rate, at 1.07%, is slightly above the national average. This range in Lutz highlights the diversity in property tax rates within the same locality, reflecting the broader trend across different regions in Florida. Understanding these differences can be crucial for property owners looking to optimize their tax liabilities.

Property Tax Rates Across Lutz, Pasco County, Florida

Source: Ownwell

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0.78%

1.26%

1.73%

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 Lutz Tax Rate

1.07%

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 Pasco County Tax Rate

1.24%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lutz, Pasco County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
335480.69%0.73%0.78%0.94%1.15%
335490.55%0.72%0.90%1.43%1.63%
335580.61%0.98%1.62%1.84%2.10%
335590.52%0.56%0.81%1.44%1.50%

Source: Ownwell

Property Tax Assessment Values Across Lutz, Pasco County, Florida

When examining property taxes in Lutz, 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 Pasco 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.

In Pasco County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lutz. For example, the median home price in Lutz is $277,036, with tax bills ranging significantly across the county. Zip code 33548 has the highest median home price at $469,282.

Property Tax Assessment Values Across Lutz, Pasco County, Florida

Source: Ownwell

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$74,781

$272,032

$469,282

Median Lutz Market Value

$277,036

Median Pasco County Market Value

$211,605

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lutz, Pasco County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33548$319,836$371,577$469,282$560,578$585,479
33549$177,073$207,444$248,308$359,046$422,007
33558$53,368$136,244$305,635$433,231$532,848
33559$226,026$248,955$275,741$303,758$333,627

Source: Ownwell

Property Tax Bills Across Lutz, Pasco County, Florida

In Lutz, located in Pasco County, FL, property tax bills are determined by the assessed value of a home, which is calculated by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $277,036, homeowners in Lutz can expect tax bills that vary significantly. The 25th percentile tax bill is approximately $1,532, while the 75th percentile reaches $4,398. Notably, the highest median tax bill in the area is $4,064 in the 33548 zip code, compared to the lowest median tax bill of $2,254 in the 33559 zip code. These figures highlight the variability in tax bills, which can greatly impact homeowners. With the national median property tax rate at 1.02%, Lutz homeowners may find their tax bills higher than the national average. Ownwell can assist homeowners in Lutz by providing property tax appeal and exemption services, potentially reducing their tax bills and ensuring they only pay their fair share.

Property Tax Bills Across Lutz, Pasco County, Florida

Source: Ownwell

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$739

$3,266

$5,793

Median Lutz Tax Bill

$2,679

Median Pasco County Tax Bill

$2,147

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Lutz, Pasco County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33548$2,295$2,979$4,064$4,911$5,629
33549$1,033$1,692$2,715$3,446$4,336
33558$669$1,314$3,957$6,986$8,952
33559$1,272$1,559$2,254$3,581$4,327

Source: Ownwell

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