33629 Property Tax Rate

Property owners in ZIP code 33629 (Tampa, Florida) pay a median of $6,566/year in property taxes on homes valued at $764,100. This translates to an effective tax rate of 0.86%, which is 12% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33629 is approximately $547, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County. This is $3,921 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 33629 has lower property taxes. ZIP codes with similar effective rates include 34488 (0.86%) and 32177 (0.86%).

In Tampa, property taxes represent approximately 4.1% of the median household income of $158,337, 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.