Assessed Value – Refers to the assessment of the property done by a public tax assessor for purposes of taxation and provides a foundation for the Appraised Value.
Contrary to what many people believe, the Assessed Value is not the main influence on the rate of taxation. The Millage Rate is what really sets the rate for property taxes. This is set by local county government IE: School Board, County Commissioners, Sheriff, etc.
For further information on property taxes in Tampa, check the website of the Hillsborough County Property Appraiser http://www.hcpafl.org/