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Temple Terrace, Hillsborough County, Florida Property Taxes

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Property Taxes in Temple Terrace, Florida

  • Median Temple Terrace, Florida effective property tax rate: 1.03%, significantly lower than the national median of 1.02%, and higher than the Florida state median of 1.10%.

  • Median Temple Terrace, Florida home value: $266,833

  • Median annual Temple Terrace, Florida tax bill: $2,481, $81 higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough calculated?

Property taxes in Temple Terrace, Florida 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 Temple Terrace's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Temple Terrace, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Temple Terrace, 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

$2,748

$2,550

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Temple Terrace Property Tax Calculator Work?

Use this Temple Terrace property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Temple Terrace's median effective tax rate of 1.03% — based on actual property records in Hillsborough County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Temple Terrace's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Temple Terrace: rates range from $2263.00 in 33637 to $2721.00 in 33617, primarily due to differences in school district levies and local assessment districts.

Temple Terrace's median property tax bill of $2481 is higher than the Florida median, and the state median tax bill is $81 lower. If your estimate is higher than expected, Ownwell can appeal your Temple Terrace assessment — you only pay if we save you money.

About Temple Terrace Property Taxes

About Property Taxes in Temple Terrace, Hillsborough, Florida

Temple Terrace’s median effective property tax rate of 1.03% is lower than the Florida state median of 1.10% and higher than the national median of 1.02%. This rate reflects the Hillsborough County base levy combined with local school district levies and Municipal Service Benefit Units (MSBUs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Temple Terrace. Homeowners in the 33637 ZIP code carry a median effective rate of 1.48%, while those in 33617 pay 0.92%. This spread — 0.56 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Hillsborough County. Understanding which part of Temple Terrace you live in can make a meaningful difference to your annual tax bill.

Temple Terrace homeowners who believe their assessed value is too high can file a formal appeal with the Property Appraiser before the September 12, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Temple Terrace, Hillsborough County, Florida

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides 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 Temple Terrace's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

Property Tax Rates Across Temple Terrace, 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 Temple Terrace 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 Temple Terrace, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
336170.41%0.63%0.92%1.56%1.80%
336370.36%0.61%1.48%1.58%1.79%

Source: Ownwell

Property Tax Assessment Values Across Temple Terrace, Hillsborough County, Florida

When examining property taxes in Temple Terrace, Florida, 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 appraisal district 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.

Assessment notices:

In Hillsborough County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of August.

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. The median home price in Temple Terrace is $266,833, with tax bills ranging from $1,704 at the 25th percentile to $5,711 at the 90th percentile. For comparison, the national median property tax rate is 1.02% and the national median property tax bill is $2,400.

Property Tax Assessment Values Across Temple Terrace, Hillsborough County, Florida

Source: Ownwell

$101,997

$417,091

$732,185

Median Temple Terrace Market Value

$266,833

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 Temple Terrace, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33617$149,160$180,398$294,614$403,673$511,138
33637$116,097$145,489$218,044$295,441$357,208

Source: Ownwell

Property Tax Bills Across Temple Terrace, Hillsborough County, Florida

Property tax bills in Temple Terrace are based on the assessed value of a home, which is then multiplied by the local tax rate. For a home with a median market value of $266,833, the bill can vary widely depending on exemptions, local levies, and how the property is assessed. The 25th percentile tax bill is $1,704, while the 75th percentile is $3,959 and the 90th percentile reaches $5,711.

How does this affect homeowners? A higher assessed value can lead to a larger tax bill, even when market conditions change. That makes it important to review your assessment carefully and make sure it reflects your home fairly.

Ownwell helps homeowners save by identifying opportunities for property tax appeals and exemptions. By reviewing your assessment and supporting your case, Ownwell can help reduce your property tax bill and keep more money in your pocket.

Property Tax Bills Across Temple Terrace, Hillsborough County, Florida

Source: Ownwell

$1,107

$4,915

$8,722

Median Temple Terrace Tax Bill

$2,481

Median Hillsborough County Tax Bill

$3,758

Median Florida Tax Bill

$3,263

Median United States Tax Bill

$2,400

Property Tax Bills Across Temple Terrace, Hillsborough County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33617$897$1,813$2,721$4,259$6,149
33637$794$1,588$2,263$3,091$4,922

Source: Ownwell

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Frequently Asked Property Tax Questions in Temple Terrace, Florida

How are property taxes calculated in Temple Terrace, Florida?
Property taxes in Temple Terrace, 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 Temple Terrace, Florida?
To appeal your property taxes in Temple Terrace, 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 Temple Terrace, Florida?
Common property tax exemptions in Temple Terrace, 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 Temple Terrace, Florida?
Property tax deadlines in Temple Terrace, 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 Temple Terrace, Florida?
Ownwell provides professional property tax appeal services in Temple Terrace, 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.