November 3, 2026: Florida Amendment 3 is on the ballot. Rentals do not get the new homestead exemption.County impact →

Hillsborough County · Table 5 · 2028 model

Tampa rental holding costs and Amendment 3

People searching “is it worth buying a rental in Tampa” need tax, millage, and insurance — not a slogan. Below are the cited figures. We do not declare this market a buy.

· · Figures retrieved 2026-10-18

Amendment 3 modeled 2028 tax (Table 5)

TypeAdditional taxPercent
Apartment unit$75818.88%
Single-family rental$1,32917.82%

Walczak Table 5 · county-level Table 4 is on the Hillsborough Amendment 3 page.

Millage used for a purchase-year tax sketch

The county millage sheet prints a Tampa total of 19.8428 mills(City of Tampa total on the Hillsborough County Property Appraiser 2025 Final Millage sheet). Illustration only: just value of $350,000 × millage ÷ 1,000 = $6,944.98 ad valorem tax, ignoring non-ad valorem assessments.Hillsborough County Property Appraiser, 2025 Final Millage.

OIR homeowners-with-wind average for Hillsborough as of 2025-09-30: $3,514. That is a labeled placeholder, not a Tampa DP-3 quote.Insurance page.

Is it worth buying a rental in Tampa?

This site does not rate Tampa as a buy or a pass. Worth depends on rent, millage, insurance, flood, and HOA on the specific parcel. Walczak Table 5 models $1,329 (17.82%) additional 2028 tax on the average Tampa single-family rental if millage is raised to replace homestead revenue — an assumption, not a forecast.

Does a Tampa rental get the Amendment 3 homestead exemption?

No. Homestead is for a permanent resident’s primary home. Source: Pinellas County Property Appraiser Amendment 3 FAQs.

Calculator starting from Hillsborough

If Tampa millage is in our files, type 19.8428 into the millage field. Label: City of Tampa total on the Hillsborough County Property Appraiser 2025 Final Millage sheet.