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East Hillsborough News

Wednesday, November 27, 2024

Hillsborough County effective property tax rate in Q2 2022 was lower than the national average

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Property owners in Hillsborough County paid 0.6% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the East Hillsborough News.

The median sales price of a Hillsborough County home in the second quarter of 2022 was $361,900, based on data from the 6,157 properties sold during that time. In 2018 the median tax bill for the county was $2,149, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Hillsborough County real estate data showed homeowners in Thonotosassa and Fish Hawk paid the highest rates.

The following table compares Thonotosassa with some other cities belonging to Hillsborough County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Thonotosassa16$202,500$2,3731.2%
Fish Hawk102$517,500$5,7581.1%
Pebble Creek25$397,300$3,8771%
Apollo Beach143$410,000$4,2651%
Riverview361$351,000$3,0310.9%
Ruskin131$365,000$3,1540.9%
Westchase127$555,000$4,9670.9%
Keystone123$642,000$5,3560.8%
Progress Village54$282,500$2,2780.8%
Cheval37$575,000$4,8340.8%
Valrico148$424,900$3,1660.7%
Gibsonton92$368,000$2,4780.7%
Lake Magdalene35$265,700$1,9020.7%
University46$139,000$9580.7%
Bloomingdale106$436,500$3,0620.7%
Lutz113$440,000$3,0000.7%
Boyette43$410,000$2,9290.7%
Citrus Park111$383,900$2,6550.7%
Greater Carrollwood181$374,000$2,5700.7%
Wimauma27$445,475$2,8880.6%
Brandon521$342,900$2,0450.6%
Greater Northdale80$420,600$2,6310.6%
Dover16$387,000$2,1400.6%
Tampa2,121$367,500$2,3260.6%
Greater Sun Center299$289,900$1,7760.6%
Seffner36$399,750$2,2880.6%
Town 'n' Country338$350,000$2,0340.6%
Temple Terrace66$314,250$1,8530.6%
Lithia 7$465,000$2,3600.5%
Mango39$313,200$1,5070.5%
Palm River-Clair Mel92$302,500$1,5980.5%
Plant City193$324,500$1,6230.5%
Egypt Lake-Leto134$293,250$1,2690.4%
East Lake-Orient Park32$235,050$1,0080.4%

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