Hillsborough County, Florida (Hillsborough County, FL) — Property Tax, Reassessment & Investor NOI Guide
Hillsborough County, FL carries an effective property tax rate of 0.94% (Florida Non-Homestead Cap: Reassessed to market value at acquisition; subsequent non-homestead assessment increases capped at 10% per year (Save Our Homes non-homestead provision).) and an estimated annual hazard insurance benchmark of $890/$100K coverage. Prepared by Stephen R. Mannenbach (J.D., MBA · Licensed Arizona REALTOR® (ADRE #SA713873000 · HomeSmart LLC)).
Assessor & Acquisition Due-Diligence Notes
Reassessment Rule: Florida Non-Homestead Cap: Reassessed to market value at acquisition; subsequent non-homestead assessment increases capped at 10% per year (Save Our Homes non-homestead provision). · Transfer Tax Rule: FL Documentary Stamp Tax ($0.70/$100 on deeds; $0.35/$100 on notes) + $0.20/$100 Non-Recurring Intangible Tax on new mortgage notes..
On Florida cash-out refinances, assign existing note to pay doc stamps only on the new-money advance.