33566 Property Tax Rate

Property owners in ZIP code 33566 (Plant City, Florida) pay a median of $2,198/year in property taxes on homes valued at $290,600. 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 33566 is approximately $183, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County. This is $447 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33566 has lower property taxes. ZIP codes with similar effective rates include 34684 (0.76%) and 32176 (0.76%).

In Plant City, property taxes represent approximately 3.1% of the median household income of $71,161, 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.