Hillsborough County Florida

Bob Henriquez, Property Appraiser

This website has information regarding Hillsborough, FL with access to parcel searching, forms, and contact information.

For more information please go to the contact page.

Hillsborough County Property Appraiser, Florida

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Hillsborough County Property Appraiser
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Bob Henriquez

Hillsborough County Property Appraiser





How is the value of my property estimated?
Our staff includes 60 appraisers that are continually collecting property data. After analyzing sales of all types of properties, the data is entered into our computer assisted mass appraisal (CAMA) system to estimate values of more than 425,000 parcels.

Why would my property value increase if I haven't done anything to it?
Real estate values are established by buyers and sellers acting independently. If sale prices in your area increase, the market value of your property may increase. This is basic supply and demand of the marketplace.

Can the Property Appraiser lower my taxes or change my tax rates?
The answer is no. Tax rates and taxes are set by your local taxing authorities, such as the School Board, Board of County Commissioners, Children's Board, City Councils, Library, Transit Authority, Water Management District (SWFWMD), etc.

How long will it take for a review of my property?
We will answer general questions on the phone immediately and refer specific valuation questions to our appraisers. Our goal is to have an appraiser call you within five business days.

Why is there a difference in the market, assessed and taxable values?
Market value of your property is the most probable sales price your property should bring in a competitive and open market. Assessed value may be lower than the market value if subject to the Amendment 10 cap. Taxable value is the assessed value less reductions from applicable exemptions.



What is tangible property?
Tangible personal property includes: furniture, fixtures, machinery, tools, and any other equipment used in a business or to earn an income.




What is the Save Our Homes amendment?
Section 193.155(1) of the Florida Statutes was enacted to implement an amendment to the state constitution to limit annual increases in property value assessments on real property qualifying for and receiving homestead exemption.
How does the amendment limitation apply?
Real property shall be assessed at full market value (just value) as of January 1 of the year in which the property first receives the homestead exemption.

The following year the property is reassessed and any changes from the prior year's value is not to exceed the lesser of 3% of that prior year assessed value or the Consumer Price Index (CPI) change, with the exception of changes, additions or improvements.


How is my property affected?
The year following the granting of homestead exemption the property is subject to the limitation.
What about any changes, additions or improvements to the homestead property?
New construction or additions shall be assessed at full market value as of the first January 1 after the changes are substantially completed. In these circumstances, it is possible that the assessed value may exceed the amendment limitations. However; after the first year that the changes are assessed at full market value, they also are subject to the amendment limitations.
What properties are not subject to the limitation?
Residences without homestead, non-residential property, vacant land, tangible personal property, commercial property, and agricultural property, are not eligible for the amendment limitation.
Why would my assessment increase when my market value stayed the same?
This is probably due to the "recapture" rule. In 1995, the Department of Revenue adopted a rule approved by the Governor and Cabinet directing property appraisers to raise the assessed value of a qualifying homestead property by the maximum of 3% or the Consumer Price Index, whichever is less, on all properties assessed at less than full market value.
What happens if a property is sold or conveyed to a new owner?
Once the property has been conveyed to the new owner, it is raised to full market value January 1 of the following year. The new owner must apply for and receive homestead exemption.

Even if the property received a homestead exemption under the previous owner, the limitation, just like the exemption, expires January 1 of the year following a change of ownership.



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