FishHawk Ranch Property TaxesAbout FishHawk Ranch Property Taxes

Here is a breakdown of your FishHawk Ranch Property Taxes and exemptions. Taxes on all FishHawk real estate, tangible personal property, and other non-ad Valorem assessments are billed, collected, and distributed by the Hillsborough County Tax Collector. Property taxes are levied in Hillsborough County by the taxing authorities. The Property Appraiser establishes the taxable value of the real estate and tangible personal property. The tax rate in Hillsborough County is going to be the same for most of the homes.

FishHawk Ranch property taxes are assessed as of January 1 of each year and usually, are due and payable on November 1 of that year. Taxes are considered delinquent if not paid before April 1st of the following year.

The county does have a discount schedule for early payment; it is as follows:

  • 4% discount if paid in November
  • 3% discount if paid in December
  • 2% discount if paid in January
  • 1% discount if paid in February
  • There is no discount for payments made in March
  • Tax becomes delinquent on April 1st.

How are FishHawk Ranch Property Taxes Determined

Three main factors determine property taxes. These are the County Assessed Value of your home, the Millage Rate, and your Homestead Exemption.

County Assessed Value

The county assessed value is the value of your property after any “assessment reductions” have been applied. The county assessed value is different than the appraised value of your FishHawk home or market value of the house. In a non-scientific and non-official view, it looks like the assessed value of the home in most cases is going to be around 80% to 90% of the actual market value of the home. Don’t hold me to the 80% to 90% figure. It is better to assume the assessed value will be 100%, but it may be less.

After the county has assessed the value for your home and for some reason you disagree with that assessment. You can contact the Hillsborough County Property Appraiser’s Office and have them start an Appeal Process for you.

Millage Rate

Taxes are levied in Hillsborough County by the taxing authorities empowered to do so by the State Legislature. The Hillsborough County Property Appraiser establishes the taxable valuation of each real estate property or tangible personal property. The Board of County Commissioners sets the millage, or rate of taxation, for the county; the School Board for the schools; the City Council for each municipality; and by the governing bodies of other independent special taxing districts and authorities.

So what is a Millage Rate? It is the rate of taxes placed on a property based on a “mill” (1/10 of a cent), or one dollar per one thousand dollars of taxable value. Okay still big words, let’s try to simplify it a little bit with a real-life example.

A recent home just sold in FishHawk Ranch for $240,000. The current millage rate in FishHawk Ranch and most of Hillsborough County is 18.223 (1.8223%). Without any homestead exemptions, the home was assessed at $200,000, and the property taxes will be $3644.60 per year. Keep in mind that these are just property taxes. They do not include the FishHawk Ranch CDD or FishHawk Ranch HOA fees.

If you are looking to buy a home and trying to get a quick, rough property tax estimate in your head, use 2% of the purchase price of the home. If interested, the county does have a tax estimator on its website.

Homestead Exemption

Florida law allows up to a $50,000 homestead to rebate to be deducted from the assessed value of a primary and permanent residence. The first $25,000 of value is entirely exempt. The second $25,000 exemption applies to the value between $50,000 – $75,000 and does not include a benefit on the school tax.

With the homestead exemption on the example above, a FishHawk home assessed at $200,000 would be taxed on $150,000 (minus school taxes). The rough annual property taxes would be around $2780 or a savings of almost $1000 per year!

Additional Exemptions

  • $500 Widow/Widower
  • $500 Personal Disability
  • $500 Blind
  • Total and Permanent Disability
  • $5000 Veteran Disability
  • Service-Connected Total and Permanent
  • Surviving Spouse of Military Veteran or First Responder
  • Veterans with Combat-Related Disability
  • Deployed Military Active Duty
  • Senior Citizens of 65 Low Income

Please see the Hillsborough County Property Appraiser Homestead Exemption webpage for additional details.

What Are The Requirements?

  • The FishHawk Ranch property owner must have legal title by January 1st of the year they are applying.
  • The filing deadline is March 1. If that date falls on a weekend or legal holiday, the deadline will extend to the next business day.
  • The property owner must establish Hillsborough County as their legal domicile, live in the subject property, and be a US citizen or Permanent Resident.
  • The property owner must show proof of Florida residency (i.e., Driver license) A “Valid in Florida” designation on your Florida driver license is not acceptable. A Florida Identification Card with an out of state driver license is not acceptable.
  • If you are active-duty military, you may qualify by providing us proof of Florida residency such as Florida driver license or LES (Leave and Earnings Statement)
  • Proof of Citizenship (i.e., voter registration or permanent resident card)
  • The property owner should provide the address of the property, tax bill, or deed/title.
  • Social Security numbers will are required for any owner who resides on the property.
  • If the property is a mobile home, you will need your title or registration to the mobile home and the deed to the property. The mobile home or manufactured home will need to be declared Real Property.
  • If a Trust holds the property, the beneficiary of the trust with the right to occupy the home may also be entitled to homestead exemption.

When to Apply for Homestead Exemption

You’ve just purchased a beautiful new home in FishHawk Ranch and would like to file for your homestead exemption, when should you file? File now, don’t wait! While applications are taken all year, the statutory filing deadline is March 1. Late-filed applications are taken up to the 25th day after the mailing of the yearly Notice of Proposed Property Taxes (TRIM). The TRIM notices are typically mailed in August. After that period expires, all applications received will begin the homestead exemption the following year. It is best to file as soon as possible, so you don’t forget and miss any deadlines.

Where to Apply for Homestead Exemption

Online at: Hillsborough County Property Appraiser Online Homestead Exemption Application.

In-Person:

Downtown Office
16th Floor, County Center
601 E. Kennedy Blvd.
Tampa, FL 33602

Brandon Branch Office
Bay Plaza 1, Building 9225, Ware Blvd, South of Highway 60
Tampa, FL 33619

Northwest Branch Office
Westgate Plaza Shopping Center
12086 Anderson Rd., Ste 105
Tampa, FL 33625

Plant City Branch Office
302 N Michigan Ave.
Plant City, FL 33566

South County Branch Office
Sun Point Shopping Center, Ste 2B
3018 S.R 674
Ruskin, FL 33570

For your convenience here is a copy of the Hillsborough County Homestead Exemption Application.

Save Our Homes

One of the great FishHawk Ranch property tax and specifically Florida property tax features is Save Our Homes. After receiving your initial homestead exemption any annual increase in the assessed value of your property is capped at the lower of 3% or the percentage increase in the Consumer Price Index (CPI), with certain exceptions.

Portability

You’ve owned your home in FishHawk Ranch for a while and want to purchase a different home. Don’t worry, when you move and apply for a new homestead exemption you will be eligible to ‘port’ all or a portion of the capped value. To see how this works, the Hillsborough County Homestead Portability FAQs does an excellent job explaining and answering portability questions.

Additional Information About FishHawk Ranch Costs and Fees

I hope this helps you get a better understanding of how FishHawk Ranch property taxes affect your FishHawk Real real estate. If you have any questions or would like further clarification of any property tax items, feel free to contact me. I will be glad to answer those for you.

Contact Jeff Gould FishHawk Realtor