33549 Property Tax Rate

Property owners in ZIP code 33549 (Lutz, Florida) pay a median of $2,565/year in property taxes on homes valued at $339,400. This translates to an effective tax rate of 0.76%, which is near the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33549 is approximately $214, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County.

Compared to similar ZIP codes in Florida, 33549 has lower property taxes. ZIP codes with similar effective rates include 34476 (0.76%) and 34684 (0.76%).

In Lutz, property taxes represent approximately 3.0% of the median household income of $85,066, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your homestead property's assessed value is capped at 3% annually, but resets to market value upon sale—your initial tax bill will reflect the new $462,500 median home value. Hillsborough County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; file with the Hillsborough County Property Appraiser before or within 30 days of closing to qualify. Submit your application online at hcpafl.org or visit a county office to verify your homestead exemption was processed before your first assessment notice arrives.