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West Hillsborough News

Saturday, November 23, 2024

Hillsborough County effective property tax rate in Q1 2022 was lower than the national average

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Property owners in Hillsborough County paid 0.7% of the value of their homes in property taxes in the first quarter of 2022, which is less than 0.6 times the national average, according to the real estate analysis posted by the West Hillsborough News.

The median sales price of a Hillsborough County home in the first quarter of 2022 was $330,000, based on data from the 5,470 properties sold during that time. In 2018 the median tax bill for the county was $2,149, which is 0.7% of the median value of the homes that were taxed.

This is 0.6 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 Fish Hawk, Apollo Beach, and Westchase paid the highest rates.

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

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Fish Hawk73$440,000$5,7581.3%
Apollo Beach142$399,501$4,2651.1%
Westchase87$465,000$4,9671.1%
Ruskin108$321,000$3,1541%
Progress Village36$239,250$2,2781%
Riverview274$337,247$3,0310.9%
Keystone107$588,000$5,3560.9%
Pebble Creek28$410,000$3,8770.9%
Cheval27$550,000$4,8340.9%
Wimauma19$340,000$2,8880.8%
Valrico142$400,000$3,1660.8%
Gibsonton59$310,000$2,4780.8%
Bloomingdale83$377,200$3,0620.8%
Seffner37$305,000$2,2880.8%
Lutz101$375,000$3,0000.8%
Boyette32$365,500$2,9290.8%
Greater Carrollwood181$315,000$2,5700.8%
Mango33$220,000$1,5070.7%
University41$140,000$9580.7%
Thonotosassa27$350,000$2,3730.7%
Greater Northdale97$400,000$2,6310.7%
Tampa1,997$330,000$2,3260.7%
Greater Sun Center235$255,000$1,7760.7%
Citrus Park77$360,000$2,6550.7%
Brandon403$325,000$2,0450.6%
Palm River-Clair Mel81$265,000$1,5980.6%
Town 'n' Country308$317,500$2,0340.6%
Temple Terrace75$320,000$1,8530.6%
Lithia 11$475,000$2,3600.5%
Lake Magdalene49$375,000$1,9020.5%
Plant City188$300,000$1,6230.5%
Dover23$390,000$2,1400.5%
Egypt Lake-Leto129$233,000$1,2690.5%
East Lake-Orient Park44$242,500$1,0080.4%

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