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East Hillsborough News

Tuesday, November 26, 2024

Hillsborough County effective property tax rate in Q3 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 third 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 third quarter of 2022 was $362,000, based on data from the 4,630 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 Apollo Beach, Westchase, and Fish Hawk paid the highest rates.

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

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Apollo Beach123$425,000$4,2651%
Westchase77$517,000$4,9671%
Fish Hawk72$549,500$5,7581%
Pebble Creek23$449,000$3,8770.9%
Ruskin95$365,000$3,1540.9%
Progress Village32$250,000$2,2780.9%
Cheval23$550,000$4,8340.9%
Riverview295$360,000$3,0310.8%
Keystone94$682,000$5,3560.8%
Wimauma25$350,000$2,8880.8%
Valrico125$414,500$3,1660.8%
Lithia 10$337,500$2,3600.7%
Gibsonton45$353,000$2,4780.7%
Bloomingdale96$442,000$3,0620.7%
Seffner33$350,000$2,2880.7%
Lutz76$417,500$3,0000.7%
Boyette27$450,000$2,9290.7%
Greater Carrollwood143$350,000$2,5700.7%
Brandon462$345,000$2,0450.6%
Lake Magdalene33$311,000$1,9020.6%
University34$172,500$9580.6%
Thonotosassa15$375,000$2,3730.6%
Greater Northdale63$425,000$2,6310.6%
Dover15$340,000$2,1400.6%
Tampa1,539$375,000$2,3260.6%
Greater Sun Center198$280,000$1,7760.6%
Town 'n' Country221$353,000$2,0340.6%
Temple Terrace57$318,500$1,8530.6%
Citrus Park64$415,000$2,6550.6%
Mango30$282,500$1,5070.5%
Palm River-Clair Mel80$294,000$1,5980.5%
Plant City163$335,000$1,6230.5%
Egypt Lake-Leto94$280,000$1,2690.5%
East Lake-Orient Park33$245,000$1,0080.4%

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