What is the property tax rate in Tampa?

Tampa, in Hillsborough County, has an effective property tax rate of about 1.08% of market value. The actual millage combines county, city, school, and special-district levies, so your bill depends on your exact taxing districts.

How does Florida's homestead exemption work?

Permanent Florida residents can exempt up to $50,000 of assessed value from most taxes. The first $25,000 applies to all levies; the second $25,000 applies only to value above $50,000 and excludes school taxes, so this tool models the common $50,000 reduction.

Does Florida assess at full value?

Yes. Florida assesses property at 100% of just (market) value, unlike states that use a fractional assessment ratio. The Save Our Homes cap then limits annual assessed-value growth for homesteaded properties to 3% or CPI.

What is Save Our Homes?

Save Our Homes caps annual increases in a homestead's assessed value at 3% or the change in CPI, whichever is lower. Over time this can hold assessed value below market value, lowering your tax versus a non-homesteaded property.

Is this estimate exact?

No. It uses a representative 1.08% effective rate and the standard $50,000 homestead exemption. Your real bill depends on current millage rates, additional exemptions, and assessment caps, so confirm with the Hillsborough County Property Appraiser.

Tampa Property Tax Estimator

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Estimate your Tampa property tax

Tampa sits in Hillsborough County, where the effective property tax rate is about 1.08% of market value. Florida assesses at full just value but offers a $50,000 homestead exemption for primary residents. This tool turns your home value into an annual tax estimate.

How it works

Florida taxes the full just value minus any homestead exemption, then applies the effective rate:

taxable value = max(homeValue - homesteadExemption, 0)
annual tax    = taxable value * (effectiveRate / 100)
monthly       = annual tax / 12

The default effective rate of 1.08% blends Hillsborough County, City of Tampa, school-board, and special-district millage. The homestead exemption removes up to $50,000 of value for permanent residents, and the Save Our Homes cap further limits assessed-value growth over time.

Tips and example

A 400000 home with the homestead exemption has a taxable value of 350000. At 1.08% that is about 3780 per year, or roughly 315 per month. Without the homestead exemption the same home is taxed on the full 400000, raising the annual bill to about 4320.

For a precise figure, look up your parcel’s current millage and exemptions on the Hillsborough County Property Appraiser site and override the rate field.