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Odessa, Hillsborough County, Florida Property Taxes

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Property Taxes in Odessa, Florida

  • Median Odessa, FL effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Odessa, FL home value: $521,556

  • Median annual Odessa, FL tax bill: $5,747, $3,347 higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough calculated?

Property taxes in Odessa, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Odessa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Odessa, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Odessa, Hillsborough County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$5,890

$5,466

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Odessa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Odessa with just two data points.

By entering your property's estimated assessed value, our calculator applies Odessa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hillsborough County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Odessa, Hillsborough County, Florida

Local government entities set tax rates, which can vary widely within a state. This is due to the fact that each county annually estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Odessa’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. Odessa, located in Hillsborough County, has an effective property tax rate of 1.07%, which aligns with the highest and lowest rates in the county. When compared to the national median property tax rate of 1.02%, Odessa’s rate is slightly higher. Additionally, the national median property tax bill stands at $2,400, offering a benchmark for assessing local tax burdens. Understanding these comparisons can help property owners in Odessa make informed decisions about potential tax appeals or exemptions.

Property Tax Rates Across Odessa, Hillsborough County, Florida

Source: Ownwell

0.92%

1.47%

2.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Odessa Tax Rate

1.03%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hillsborough County Tax Rate

1.29%

Median Effective Florida Tax Rate

1.10%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Odessa, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
335560.72%0.85%1.03%1.44%1.76%

Source: Ownwell

Property Tax Assessment Values Across Odessa, Hillsborough County, Florida

When examining property taxes in Odessa, FL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hillsborough County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hillsborough County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Odessa.

For example, the median home price in Odessa is $521,556, with tax bills ranging significantly across the county. Zip code 33556 has the highest median home price at $521,556.

Property Tax Assessment Values Across Odessa, Hillsborough County, Florida

Source: Ownwell

$101,997

$417,091

$732,185

Median Odessa Market Value

$571,878

Median Hillsborough County Market Value

$293,822

Median Florida Market Value

$310,033

Median United States Market Value

$235,294

Property Tax Assessment Values Across Odessa, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33556$329,621$437,524$571,878$750,057$1,172,178

Source: Ownwell

Property Tax Bills Across Odessa, Hillsborough County, Florida

In Odessa, located in Hillsborough County, FL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and recent sales of similar properties influence the assessed value. In Odessa, homeowners face a median tax bill of $5,747, which is significantly higher than the national median of $2,400. This can be a substantial burden, particularly for those with homes at the higher end of the market, where tax bills can reach up to $13,680. Ownwell offers a solution for homeowners by providing property tax appeal and exemption services. By analyzing your property's assessment and comparing it to market trends, Ownwell can identify opportunities to reduce your tax burden. With expert guidance, homeowners can potentially save hundreds or even thousands on their property tax bills, easing the financial strain and ensuring fair taxation.

Property Tax Bills Across Odessa, Hillsborough County, Florida

Source: Ownwell

$1,107

$4,915

$8,722

Median Odessa Tax Bill

$6,075

Median Hillsborough County Tax Bill

$3,758

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Odessa, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33556$3,012$4,313$6,075$9,531$15,112

Source: Ownwell

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Frequently Asked Property Tax Questions in Odessa, Florida

How are property taxes calculated in Odessa, Florida?
Property taxes in Odessa, Florida are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Odessa, Florida?
To appeal your property taxes in Odessa, Florida, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Odessa, Florida?
Common property tax exemptions in Odessa, Florida include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Odessa, Florida?
Property tax deadlines in Odessa, Florida vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Odessa, Florida?
Ownwell provides professional property tax appeal services in Odessa, Florida. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.