33598 Property Tax Rate

Property owners in ZIP code 33598 (Wimauma, Florida) pay a median of $4,009/year in property taxes on homes valued at $352,800. This translates to an effective tax rate of 1.14%, which is 49% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33598 is approximately $334, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County. This is $1,364 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33598 has higher property taxes. ZIP codes with similar effective rates include 33332 (1.14%) and 33019 (1.14%).

In Wimauma, property taxes represent approximately 4.4% of the median household income of $91,649, 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.