Understanding Your Property Taxes in Hillsborough County

What is Property Tax?

Property tax, also known as real estate tax, is a local tax imposed by the government on the value of real property. In Hillsborough County, property taxes are used to fund essential public services such as law enforcement, fire protection, and education.

It's important to note that property taxes are not the same as sales taxes or income taxes. Property taxes are a direct tax on the ownership of real estate, and it is the responsibility of the property owner to pay these taxes.

How Property Taxes are Calculated

The calculation of property taxes in Hillsborough County involves several steps. First, the county appraises the value of your property using a formula that takes into account factors such as the size and condition of the property.

Once the value is determined, the county then applies a tax rate to that value to determine the amount of taxes owed. The tax rate is set by the Hillsborough County Commission and is based on the needs of the community.

Tips for Reducing Your Property Taxes

While it's not possible to completely eliminate your property taxes, there are some steps you can take to reduce the amount you owe. For example, you may be able to lower your tax bill by taking advantage of available exemptions or deductions.

It's also important to keep accurate records and track any changes in the value of your property, as this information is used to calculate your taxes.