Market valuation is critical for agriculture related businesses and the net worth of every homeowner. Properties located in a city are generally worth more than properties in unincorporated areas. This is because access to local water and sewer, police and fire protection, and a pro-business community are critical components for potential buyers. Market value increases gained through annexation will not impact your assessed value for property tax calculations. Property taxes are virtually identical between Hillsborough County and Plant City. If future development is of interest, the closer your property is to being ‘developable’ the higher the market value. For generational planning, peace of mind can be achieved through annexation into Plant City.
