Understanding Your Property Taxes in Hillsborough County

What is Property Tax?

Property tax, also known as ad valorem tax, is a type of local taxation that is levied on real estate properties. In Hillsborough County, property taxes are used to fund essential public services and infrastructure projects. As a homeowner or business owner, it's crucial to understand how this tax works and what your responsibilities are.

Property taxes are calculated based on the assessed value of the property, which is typically determined by the county assessor's office. The amount of tax owed is then determined by multiplying the assessed value by the millage rate, which is set annually by the Hillsborough County Commission.

How Property Taxes Are Used in Hillsborough County

The revenue generated from property taxes is used to fund various public services and projects that benefit the community, such as law enforcement, fire protection, and road maintenance. Additionally, a portion of these funds goes towards supporting local schools and other essential infrastructure.

It's important to note that property tax revenues are also used to support economic development initiatives, which aim to attract new businesses and create jobs in the area.

A photo of a Hillsborough County community event

What You Need to Know About Your Property Tax Bill

As a property owner in Hillsborough County, it's essential to stay informed about your tax obligations. This includes keeping track of your annual tax bill and ensuring timely payment to avoid any penalties or interest.

If you're unsure about any aspect of the process, don't hesitate to reach out to the Hillsborough County Tax Collector's office for guidance and support.

A screenshot of a property tax bill