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Odessa, Hillsborough County, Florida Property Taxes

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Property Taxes in Odessa, Florida

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

  • Median Odessa, Florida home value: $571,878

  • Median annual Odessa, Florida tax bill: $6,075, higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough calculated?

Property taxes in Odessa, 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 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 April 13, 2026

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

How Does the Odessa Property Tax Calculator Work?

Use this Odessa property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Odessa'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 Odessa's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Odessa’s median effective property tax rate is lower than Florida’s 1.10% median rate, but the median property tax bill is $6,075, which is $3,675 higher than the state median bill. That gap reflects how assessed values shape what homeowners actually pay.

Your bill may vary by ZIP code within Odessa: rates range from 6075.00% in 33556 to 6075.00% in 33556, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Odessa assessment — you only pay if we save you money.

About Odessa Property Taxes

About Property Taxes in Odessa, Hillsborough, Florida

Odessa’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 Odessa. Homeowners in the 33556 ZIP code carry a median effective rate of 1.03%, while those in the same ZIP also pay 1.03%. This spread reflects how school district boundaries and local assessment districts are drawn across Hillsborough County. Understanding which part of Odessa you live in can make a meaningful difference to your annual tax bill.

Odessa 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 Odessa, 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 Odessa'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 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, 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 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 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 August 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. 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 $571,878, with tax bills ranging significantly across the county. Zip code 33556 has the highest median home price at $571,878.

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

Property tax bills in Odessa are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value, and factors like exemptions and other local rules can change the final bill. For homeowners, that means two similar homes can still have very different property tax bills depending on how they are assessed.

In Odessa, the median home price is $571,878, while the median property tax bill is $6,075 in ZIP code 33556. That is well above the national median property tax bill of $2,400, which shows how much higher local taxes can be for homeowners here.

Ownwell helps homeowners challenge inaccurate assessments and find exemptions that may lower their property tax bills. By reviewing your property tax record and identifying savings opportunities, Ownwell can help reduce what you owe and keep more money in your pocket each year.

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.