Spring Hill, Pasco County, Florida Property Taxes
The median property tax rate in Spring Hill, FL is 0.94%, slightly below the national median of 0.99% and significantly lower than the Florida state median of 1.14%. With a median home value of $183,040 in Spring Hill, the typical annual property tax bill amounts to $1,520, which is well below the national median of $2,690. Property taxes in Spring Hill are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Spring Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether situated in the heart of Spring Hill or another part of the city, gaining a thorough understanding of the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Spring Hill, Pasco County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,721
$1,597
$1,148
Average Tax Savings
Ownwell’s SPRING HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING HILL 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 SPRING HILL. 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 Spring Hill, Pasco County, Florida
Property taxes in Spring Hill, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Hill is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Spring Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Hill 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 Spring Hill's effective property tax rate to other areas in Florida and the national median. For comparison, the zip code 34610 in Pasco County has a median property tax rate of 0.94%, the same as Spring Hill. Understanding how these areas compare with Spring Hill 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 Spring Hill Tax Rate
0.94%
Average Pasco County Tax Rate
1.24%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Hill, Pasco County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34610 | 0.44% | 0.56% | 0.94% | 1.54% | 1.95% |
Source: Ownwell
$1,148
Average Spring Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Spring Hill, Pasco County, Florida
In Spring Hill, 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 Pasco 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 Spring Hill, 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. For instance, the highest median tax bill in the area is $1,520 in the 34610 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Spring Hill, Pasco County, Florida
Source: Ownwell
$74,781
$272,032
$469,282
Average Spring Hill Assessed Value
$183,040
Average Pasco County Assessed Value
$211,605
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Hill, Pasco County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34610 | $65,007 | $100,923 | $183,040 | $293,453 | $372,469 |
Source: Ownwell
$1,148
Average Spring Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Spring Hill, Pasco County, Florida
In Spring Hill, located in Pasco County, FL, property tax bills are determined based on the assessed value of your home, which is derived from the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For instance, with a median home price of $183,040, homeowners can expect varying tax bills. The 25th percentile tax bill is around $750, while the 75th percentile reaches $3,046, and the 90th percentile can go up to $5,447. These figures illustrate the wide range of tax obligations homeowners might face. Homeowners in Spring Hill can significantly benefit from Ownwell's property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it aligns with its market value, Ownwell can identify discrepancies and help you file appeals. This process can lead to substantial savings on your property tax bill, making homeownership more affordable and less stressful. Trust Ownwell to navigate the complexities of property tax assessments and secure the best possible outcome for you.
Average Spring Hill Tax Bill
$1,520
Average Pasco County Tax Bill
$2,147
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Hill, Pasco County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34610 | $495 | $750 | $1,520 | $3,046 | $5,447 |
Source: Ownwell
$1,148
Average Spring Hill 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 1 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Pasco Property Appraiser | |
| Website | search.pascopa.com |
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