Average Tax Assessment in Hillsborough County
Real Estate Values and Property Tax Valuation in Hillsborough County, Florida
Hillsborough County has a total of 432,654 properties, with a cumulative value of $105.7B, making up 5.09% of all real estate value in Florida. Property taxes in Hillsborough County totaled $1.6B, with an average homeowner paying $3,601 in property taxes, which is slightly higher than the state average of $3,597. The average property tax rate in Hillsborough County is 1.47%, while the state average is 1.34%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Hillsborough Clerk/Tax Collector | (603) 464-3877 224 |
| Hillsborough Clerk / Recorder | (813) 276-8100 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Hillsborough County
Residential Property Taxes by Cities in Hillsborough County
Hillsborough County has an average property tax rate of 1.47%, which is slightly lower than the national average of 1.53%. This rate is applied to the assessed value of a property to determine the amount of taxes owed. The average property tax bill in Hillsborough County is $3,601. Property tax rates vary across the cities in the county, with Ruskin having the highest effective property tax rate of 2.03%, and Plant City having the lowest effective property tax rate of 1.16%. This means that homeowners in Ruskin will pay more in property taxes than those in Plant City. Overall, Hillsborough County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for homeowners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hillsborough County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apollo Beach | $125,531 | $185,984 | $263,323 | $358,034 | $480,497 |
| Brandon | $115,884 | $153,678 | $188,973 | $232,930 | $296,917 |
| Dover | $75,829 | $125,789 | $208,338 | $300,713 | $379,000 |
| Gibsonton | $68,538 | $135,982 | $184,124 | $216,224 | $256,158 |
| Lithia | $143,082 | $205,022 | $286,813 | $381,835 | $501,222 |
| Lutz | $141,867 | $210,792 | $290,517 | $391,187 | $540,597 |
| Odessa | $234,586 | $303,657 | $391,424 | $507,234 | $790,826 |
| Plant City | $80,369 | $122,299 | $173,968 | $234,599 | $308,473 |
| Riverview | $121,570 | $163,455 | $205,646 | $257,614 | $310,776 |
| Ruskin | $57,366 | $141,757 | $179,386 | $216,580 | $271,301 |
| Seffner | $97,531 | $142,908 | $180,775 | $236,289 | $304,500 |
| Sun City Center | $83,189 | $132,983 | $173,010 | $210,501 | $243,006 |
| Tampa | $94,842 | $138,812 | $202,593 | $293,037 | $452,442 |
| Temple Terrace | $79,404 | $102,495 | $178,730 | $243,681 | $318,533 |
| Thonotosassa | $45,562 | $92,885 | $172,015 | $252,045 | $389,242 |
| Valrico | $146,050 | $179,288 | $226,524 | $285,957 | $354,533 |
| Wimauma | $64,922 | $165,939 | $204,176 | $261,933 | $337,512 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hillsborough County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apollo Beach | $1,608 | $3,041 | $4,892 | $7,141 | $9,586 |
| Brandon | $1,040 | $1,519 | $2,375 | $3,509 | $4,598 |
| Dover | $895 | $1,455 | $2,450 | $3,794 | $5,407 |
| Gibsonton | $900 | $1,632 | $2,809 | $4,005 | $5,351 |
| Lithia | $1,875 | $3,646 | $5,404 | $7,096 | $8,889 |
| Lutz | $1,418 | $2,435 | $4,076 | $6,159 | $8,655 |
| Odessa | $2,445 | $3,636 | $5,075 | $7,247 | $11,624 |
| Plant City | $559 | $1,011 | $1,825 | $2,862 | $4,014 |
| Riverview | $1,434 | $2,382 | $3,644 | $5,325 | $6,742 |
| Ruskin | $1,052 | $2,051 | $3,567 | $5,059 | $6,076 |
| Seffner | $946 | $1,319 | $2,255 | $3,421 | $4,623 |
| Sun City Center | $762 | $1,314 | $2,301 | $3,593 | $5,139 |
| Tampa | $718 | $1,323 | $2,564 | $4,440 | $7,234 |
| Temple Terrace | $585 | $1,272 | $1,896 | $3,091 | $4,381 |
| Thonotosassa | $711 | $1,038 | $1,945 | $3,601 | $5,286 |
| Valrico | $1,364 | $2,079 | $3,129 | $4,203 | $5,456 |
| Wimauma | $1,137 | $2,530 | $4,501 | $5,616 | $6,486 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apollo Beach | 1.28% | 1.64% | 1.86% | 1.99% | 2.00% |
| Brandon | 0.90% | 0.99% | 1.26% | 1.51% | 1.55% |
| Dover | 1.18% | 1.16% | 1.18% | 1.26% | 1.43% |
| Gibsonton | 1.31% | 1.20% | 1.53% | 1.85% | 2.09% |
| Lithia | 1.31% | 1.78% | 1.88% | 1.86% | 1.77% |
| Lutz | 1.00% | 1.16% | 1.40% | 1.57% | 1.60% |
| Odessa | 1.04% | 1.20% | 1.30% | 1.43% | 1.47% |
| Plant City | 0.70% | 0.83% | 1.05% | 1.22% | 1.30% |
| Riverview | 1.18% | 1.46% | 1.77% | 2.07% | 2.17% |
| Ruskin | 1.83% | 1.45% | 1.99% | 2.34% | 2.24% |
| Seffner | 0.97% | 0.92% | 1.25% | 1.45% | 1.52% |
| Sun City Center | 0.92% | 0.99% | 1.33% | 1.71% | 2.11% |
| Tampa | 0.76% | 0.95% | 1.27% | 1.52% | 1.60% |
| Temple Terrace | 0.74% | 1.24% | 1.06% | 1.27% | 1.38% |
| Thonotosassa | 1.56% | 1.12% | 1.13% | 1.43% | 1.36% |
| Valrico | 0.93% | 1.16% | 1.38% | 1.47% | 1.54% |
| Wimauma | 1.75% | 1.52% | 2.20% | 2.14% | 1.92% |
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Real Estate Values in Hillsborough County
The data from Redfin shows that home prices in Hillsborough County, Florida have decreased from October 2022 to October 2023 by 6.43%. This suggests that the housing market in Hillsborough County is cooling off. Additionally, the home inventory in Hillsborough County has decreased from 5.4K in October 2022 to 4.5K in October 2023, indicating that there is less housing available for purchase. This could be due to a decrease in demand for housing in the area or a decrease in the number of homes being built. Overall, the data suggests that home prices in Hillsborough County are decreasing and the housing market is cooling off.
Average Home Value in Hillsborough County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Hillsborough County
Last updated: November 2023
Percent Change in New Home Listings in Hillsborough County
Last updated: November 2023
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Mortgage Rates in Hillsborough County
Hillsborough County has a total of $75.9 billion in outstanding home mortgage loans. This represents 239.4 thousand loans, or roughly one loan for every three households in the county. The median mortgage rate in Hillsborough County is 4.17%, which is slightly lower than the national average of 4.32%. However, there is significant variation in mortgage rates across the county, with the highest median rate of 4.52% in Temple Terrace and the lowest median rate of 3.92% in Apollo Beach. This variation in mortgage rates can have a significant impact on the total cost of a loan, as even a small difference in rate can add up to thousands of dollars over the life of the loan. In addition, the total amount of outstanding loans in Hillsborough County is equivalent to approximately 75% of the total home value in the county, indicating that mortgages are a major factor in the local economy.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hillsborough County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apollo Beach | $79,152 | $138,609 | $225,409 | $327,484 | $453,590 |
| Brandon | $35,743 | $69,042 | $130,702 | $203,364 | $284,902 |
| Dover | $32,867 | $86,961 | $165,079 | $247,811 | $327,636 |
| Gibsonton | $58,236 | $104,949 | $160,897 | $202,567 | $248,284 |
| Lithia | $84,266 | $145,830 | $237,429 | $333,803 | $449,193 |
| Lutz | $49,785 | $100,871 | $195,436 | $305,375 | $438,177 |
| Odessa | $53,138 | $110,731 | $234,129 | $365,568 | $529,577 |
| Plant City | $30,392 | $63,494 | $129,269 | $202,302 | $278,503 |
| Riverview | $67,108 | $113,799 | $182,168 | $245,219 | $314,167 |
| Ruskin | $66,483 | $117,848 | $171,947 | $220,471 | $273,964 |
| Seffner | $36,618 | $73,294 | $139,220 | $214,449 | $292,946 |
| Sun City Center | $43,409 | $77,884 | $145,510 | $208,219 | $252,937 |
| Tampa | $36,985 | $76,169 | $150,324 | $253,103 | $379,411 |
| Temple Terrace | $33,914 | $64,337 | $123,467 | $201,129 | $291,577 |
| Thonotosassa | $20,566 | $52,922 | $144,151 | $229,039 | $307,394 |
| Valrico | $44,001 | $81,365 | $148,246 | $231,804 | $319,970 |
| Wimauma | $82,516 | $149,940 | $191,605 | $230,844 | $289,450 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hillsborough County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apollo Beach | 2.80% | 3.20% | 3.92% | 4.70% | 6.16% |
| Brandon | 2.96% | 3.70% | 4.44% | 6.28% | 7.53% |
| Dover | 3.00% | 3.73% | 4.50% | 6.29% | 7.50% |
| Gibsonton | 2.90% | 3.62% | 4.25% | 5.25% | 6.44% |
| Lithia | 2.90% | 3.50% | 4.02% | 4.80% | 6.21% |
| Lutz | 3.00% | 3.64% | 4.39% | 6.16% | 7.43% |
| Odessa | 3.00% | 3.65% | 4.40% | 6.49% | 7.58% |
| Plant City | 2.93% | 3.70% | 4.50% | 6.33% | 7.58% |
| Riverview | 2.90% | 3.45% | 4.10% | 5.10% | 6.33% |
| Ruskin | 2.88% | 3.37% | 4.00% | 4.80% | 6.28% |
| Seffner | 2.99% | 3.70% | 4.50% | 6.10% | 7.39% |
| Sun City Center | 2.80% | 3.25% | 3.95% | 4.79% | 6.27% |
| Tampa | 2.90% | 3.60% | 4.40% | 6.12% | 7.43% |
| Temple Terrace | 3.00% | 3.70% | 4.52% | 6.52% | 7.52% |
| Thonotosassa | 3.10% | 3.70% | 4.50% | 6.44% | 7.66% |
| Valrico | 3.00% | 3.75% | 4.50% | 6.32% | 7.51% |
| Wimauma | 2.80% | 3.20% | 3.92% | 4.60% | 6.15% |
Housing Expenses in Hillsborough County, Florida
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