33567 Property Tax Rate

Property owners in ZIP code 33567 (Plant City, Florida) pay a median of $2,437/year in property taxes on homes valued at $288,700. This translates to an effective tax rate of 0.84%, which is 10% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33567 is approximately $203, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County. This is $208 less than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33567 has higher property taxes. ZIP codes with similar effective rates include 34715 (0.84%) and 33316 (0.84%).

In Plant City, property taxes represent approximately 2.8% of the median household income of $85,737, 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.