Odessa, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Odessa, Florida
The city of Odessa has a total of 5,386 properties, with a cumulative value of $1.6B, representing 4.17% of all real estate value in Pasco County. Property taxes in Odessa totaled $28.7M, with the average homeowner paying $5,320 in property taxes, which is significantly higher than the county average of $2,494. Property taxes are calculated 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 | |
|---|---|
| Pasco Tax Collector | (352) 521-4360 |
| Pasco Property Appraiser | (352) 521-4433 |
| 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 Odessa, Florida
Residential Property Tax by ZIP code in Odessa, Florida
Odessa property taxes are collected at an average rate of 1.76%, which is slightly higher than the average rate of 1.36% in Pasco County. This rate can vary across ZIP codes, with the highest effective property tax rate in Odessa being 1.76% in the 33556 ZIP code. Property tax rates vary across ZIP codes because of differences in home value by ZIP code. For example, the 33556 ZIP code may have higher home values than other ZIP codes in Odessa, resulting in a higher effective property tax rate.
Overall, Odessa property taxes are slightly higher than the average rate in Pasco County, but the rate can vary significantly across ZIP codes. Home values are the main factor that determines the effective property tax rate in each ZIP code, so it is important to consider the home values in each area when looking at property tax rates.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Odessa, Florida. 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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33556 | $127,092 | $206,886 | $297,409 | $392,626 | $479,480 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Odessa, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33556 | $1,562 | $2,741 | $5,234 | $7,472 | $9,045 |
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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33556 | 1.23% | 1.32% | 1.76% | 1.90% | 1.89% |
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Real Estate Values in Odessa, Florida
Average Home Value in Odessa, Florida
Last updated: November 2023
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We currently do not have this data but we are working to add this soon.
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Housing Expenses in Odessa, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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