Average Tax Assessment in Broward County
Real Estate Values and Property Tax Valuation in Broward County, Florida
Broward County has a total of 671,316 properties with a cumulative value of $207.5B, representing 10.00% of all real estate value in Florida. Property taxes in Broward County totaled $3.2B, with the average homeowner paying $4,766 in property taxes, which is higher than the state average of $3,597. The average property tax rate in Broward County is 1.54%, while the state average is 1.34%. Properties are valued for tax purposes based on their estimated market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Broward Property Appraiser | (954) 357-6830 |
| Broward Revenue Collection | (954) 831-4000 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Broward County
Residential Property Taxes by Cities in Broward County
Broward County has an average property tax rate of 1.54%, which is slightly lower than the national average of 1.89%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Broward County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
The effective property tax rate in Broward County varies across cities, with Hallandale having the highest rate at 2.02% and Cooper City having the lowest rate at 1.26%. This means that property owners in Hallandale will pay more in taxes than those in Cooper City. Property taxes in Broward County are an important source of revenue for the county and help to fund essential services.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Broward County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coconut Creek | $100,570 | $127,460 | $171,580 | $312,280 | $371,754 |
| Cooper City | $230,350 | $285,285 | $364,525 | $422,102 | $538,643 |
| Coral Springs | $107,020 | $151,090 | $331,915 | $411,560 | $487,917 |
| Dania Beach | $95,244 | $124,995 | $198,840 | $283,765 | $412,512 |
| Dania | $84,330 | $143,790 | $174,970 | $291,115 | $399,547 |
| Davie | $99,570 | $168,340 | $287,310 | $445,640 | $712,739 |
| Deerfield Beach | $59,570 | $90,000 | $162,710 | $260,860 | $358,346 |
| Fort Lauderdale | $127,940 | $192,770 | $278,610 | $466,910 | $848,151 |
| Hallandale Beach | $97,630 | $130,130 | $181,390 | $266,460 | $395,208 |
| Hallandale | $73,910 | $76,530 | $119,310 | $192,000 | $236,300 |
| Hillsboro Beach | $199,680 | $289,000 | $332,600 | $514,840 | $802,210 |
| Hollywood | $96,170 | $175,155 | $262,835 | $363,068 | $495,910 |
| Lauderdale By The Sea | $149,260 | $295,300 | $474,830 | $620,332 | $868,751 |
| Lauderdale Lakes | $46,900 | $60,420 | $72,570 | $206,095 | $254,575 |
| Lauderhill | $55,560 | $71,340 | $113,760 | $233,690 | $319,536 |
| Lighthouse Point | $89,260 | $160,900 | $437,100 | $811,550 | $1,424,606 |
| Margate | $61,010 | $94,530 | $199,140 | $283,440 | $328,356 |
| Miramar | $146,010 | $226,570 | $297,310 | $382,740 | $490,320 |
| North Lauderdale | $101,830 | $157,020 | $208,830 | $254,440 | $286,766 |
| Oakland Park | $100,000 | $123,610 | $184,960 | $321,110 | $430,184 |
| Parkland | $311,290 | $433,965 | $581,175 | $722,878 | $920,483 |
| Pembroke Pines | $105,370 | $158,120 | $287,170 | $376,670 | $466,150 |
| Plantation | $115,020 | $173,140 | $300,940 | $412,920 | $527,630 |
| Pompano Beach | $106,419 | $144,690 | $214,310 | $318,848 | $508,807 |
| Southwest Ranches | $426,738 | $512,930 | $634,510 | $864,170 | $1,412,550 |
| Sunrise | $63,470 | $94,430 | $214,820 | $294,200 | $349,184 |
| Tamarac | $82,020 | $108,800 | $187,125 | $243,850 | $303,710 |
| Weston | $188,730 | $280,870 | $413,690 | $553,720 | $728,668 |
| West Park | $163,731 | $195,735 | $227,535 | $266,035 | $315,323 |
| Wilton Manors | $119,460 | $154,500 | $337,900 | $467,690 | $602,110 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Broward County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coconut Creek | $728 | $1,549 | $2,924 | $4,418 | $6,421 |
| Cooper City | $1,778 | $2,844 | $4,077 | $5,947 | $8,020 |
| Coral Springs | $1,771 | $2,889 | $4,581 | $6,963 | $8,880 |
| Dania Beach | $947 | $1,768 | $2,645 | $4,366 | $6,517 |
| Dania | $1,113 | $1,844 | $3,033 | $4,127 | $6,294 |
| Davie | $1,035 | $2,219 | $3,805 | $6,454 | $10,554 |
| Deerfield Beach | $642 | $1,227 | $2,297 | $3,795 | $5,946 |
| Fort Lauderdale | $1,332 | $2,423 | $4,285 | $7,246 | $13,220 |
| Hallandale Beach | $1,057 | $2,123 | $3,264 | $4,975 | $7,950 |
| Hallandale | $1,372 | $1,642 | $2,438 | $4,075 | $4,973 |
| Hillsboro Beach | $2,674 | $4,130 | $5,477 | $7,603 | $12,905 |
| Hollywood | $984 | $2,011 | $3,865 | $6,041 | $8,656 |
| Lauderdale By The Sea | $2,454 | $4,048 | $6,769 | $9,964 | $13,562 |
| Lauderdale Lakes | $535 | $1,333 | $1,747 | $2,327 | $4,638 |
| Lauderhill | $915 | $1,560 | $2,186 | $3,549 | $5,553 |
| Lighthouse Point | $1,121 | $2,493 | $5,574 | $11,075 | $21,634 |
| Margate | $519 | $1,150 | $2,271 | $4,106 | $5,914 |
| Miramar | $1,402 | $2,672 | $4,390 | $6,089 | $8,118 |
| North Lauderdale | $1,160 | $1,943 | $2,853 | $4,290 | $5,586 |
| Oakland Park | $959 | $1,901 | $2,859 | $4,511 | $7,088 |
| Parkland | $4,536 | $7,251 | $10,076 | $13,320 | $16,847 |
| Pembroke Pines | $892 | $2,122 | $3,465 | $5,447 | $7,221 |
| Plantation | $861 | $2,107 | $3,646 | $5,821 | $8,394 |
| Pompano Beach | $889 | $1,938 | $3,311 | $5,296 | $8,083 |
| Southwest Ranches | $4,719 | $6,192 | $8,859 | $12,658 | $21,366 |
| Sunrise | $396 | $1,129 | $2,413 | $4,155 | $5,829 |
| Tamarac | $876 | $1,549 | $2,608 | $4,206 | $5,680 |
| Weston | $3,280 | $4,695 | $7,114 | $9,669 | $12,770 |
| West Park | $1,529 | $1,870 | $3,544 | $4,905 | $5,985 |
| Wilton Manors | $1,130 | $2,275 | $3,785 | $6,914 | $9,696 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coconut Creek | 0.72% | 1.22% | 1.70% | 1.41% | 1.73% |
| Cooper City | 0.77% | 1.00% | 1.12% | 1.41% | 1.49% |
| Coral Springs | 1.65% | 1.91% | 1.38% | 1.69% | 1.82% |
| Dania Beach | 0.99% | 1.41% | 1.33% | 1.54% | 1.58% |
| Dania | 1.32% | 1.28% | 1.73% | 1.42% | 1.58% |
| Davie | 1.04% | 1.32% | 1.32% | 1.45% | 1.48% |
| Deerfield Beach | 1.08% | 1.36% | 1.41% | 1.45% | 1.66% |
| Fort Lauderdale | 1.04% | 1.26% | 1.54% | 1.55% | 1.56% |
| Hallandale Beach | 1.08% | 1.63% | 1.80% | 1.87% | 2.01% |
| Hallandale | 1.86% | 2.15% | 2.04% | 2.12% | 2.10% |
| Hillsboro Beach | 1.34% | 1.43% | 1.65% | 1.48% | 1.61% |
| Hollywood | 1.02% | 1.15% | 1.47% | 1.66% | 1.75% |
| Lauderdale By The Sea | 1.64% | 1.37% | 1.43% | 1.61% | 1.56% |
| Lauderdale Lakes | 1.14% | 2.21% | 2.41% | 1.13% | 1.82% |
| Lauderhill | 1.65% | 2.19% | 1.92% | 1.52% | 1.74% |
| Lighthouse Point | 1.26% | 1.55% | 1.28% | 1.36% | 1.52% |
| Margate | 0.85% | 1.22% | 1.14% | 1.45% | 1.80% |
| Miramar | 0.96% | 1.18% | 1.48% | 1.59% | 1.66% |
| North Lauderdale | 1.14% | 1.24% | 1.37% | 1.69% | 1.95% |
| Oakland Park | 0.96% | 1.54% | 1.55% | 1.40% | 1.65% |
| Parkland | 1.46% | 1.67% | 1.73% | 1.84% | 1.83% |
| Pembroke Pines | 0.85% | 1.34% | 1.21% | 1.45% | 1.55% |
| Plantation | 0.75% | 1.22% | 1.21% | 1.41% | 1.59% |
| Pompano Beach | 0.84% | 1.34% | 1.54% | 1.66% | 1.59% |
| Southwest Ranches | 1.11% | 1.21% | 1.40% | 1.46% | 1.51% |
| Sunrise | 0.62% | 1.20% | 1.12% | 1.41% | 1.67% |
| Tamarac | 1.07% | 1.42% | 1.39% | 1.72% | 1.87% |
| Weston | 1.74% | 1.67% | 1.72% | 1.75% | 1.75% |
| West Park | 0.93% | 0.96% | 1.56% | 1.84% | 1.90% |
| Wilton Manors | 0.95% | 1.47% | 1.12% | 1.48% | 1.61% |
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Real Estate Values in Broward County
The median home price in Broward County, Florida has increased by 6.70% from October 2022 to October 2023, from $403.0K to $430.0K. This indicates a positive trend in the housing market in Broward County. Additionally, the home inventory in Broward County has also increased slightly from 9.9K in October 2022 to 10.0K in October 2023. This suggests that there is an increase in demand for housing in the area, which is likely driving up the median home price.
Average Home Value in Broward County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Broward County
Last updated: November 2023
Percent Change in New Home Listings in Broward County
Last updated: November 2023
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Mortgage Rates in Broward County
Mortgages in Broward County are a major factor in the local economy. According to recent statistics, there is an estimated $82.7 billion in outstanding loan amounts across home mortgages in the county. This is spread across 312.7 thousand outstanding loans, representing a significant portion of the total home value in the area. The median mortgage rate in Broward County varies significantly across cities, with Lauderdale Lakes having the highest median rate of 5.58%, and Parkland having the lowest at 4%. This variation in rates across cities can have a significant impact on the affordability of homes in the area, and can be a major factor in deciding where to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Broward County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coconut Creek | $35,637 | $72,033 | $137,140 | $236,184 | $325,340 |
| Cooper City | $32,070 | $99,392 | $202,761 | $303,277 | $397,234 |
| Coral Springs | $40,571 | $95,333 | $201,305 | $321,807 | $422,852 |
| Dania Beach | $27,922 | $64,429 | $131,480 | $227,356 | $340,823 |
| Dania | $28,579 | $72,239 | $131,938 | $226,164 | $329,029 |
| Davie | $37,128 | $89,001 | $182,393 | $313,441 | $469,282 |
| Deerfield Beach | $26,391 | $62,908 | $126,847 | $221,800 | $311,524 |
| Fort Lauderdale | $36,293 | $92,161 | $188,924 | $318,546 | $524,202 |
| Hallandale Beach | $25,881 | $66,170 | $118,177 | $198,301 | $311,716 |
| Hallandale | $3,943,174 | $4,323,713 | $4,957,945 | $5,592,177 | $5,972,716 |
| Hillsboro Beach | $49,464 | $122,894 | $206,221 | $311,214 | $527,134 |
| Hollywood | $30,333 | $77,750 | $164,488 | $277,364 | $383,548 |
| Lauderdale By The Sea | $41,327 | $100,805 | $215,018 | $366,780 | $530,739 |
| Lauderdale Lakes | $16,019 | $33,515 | $73,429 | $151,270 | $231,445 |
| Lauderhill | $20,857 | $44,689 | $95,393 | $198,697 | $309,611 |
| Lighthouse Point | $42,074 | $102,050 | $257,924 | $481,536 | $885,812 |
| Margate | $25,920 | $56,915 | $122,331 | $219,396 | $301,417 |
| Miramar | $38,120 | $91,507 | $169,527 | $275,872 | $366,186 |
| North Lauderdale | $28,945 | $65,354 | $120,546 | $194,014 | $261,851 |
| Oakland Park | $29,880 | $73,497 | $133,956 | $251,707 | $351,147 |
| Parkland | $117,027 | $246,031 | $365,167 | $512,165 | $699,061 |
| Pembroke Pines | $31,662 | $73,838 | $164,106 | $280,148 | $368,852 |
| Plantation | $33,139 | $80,864 | $176,115 | $300,126 | $418,291 |
| Pompano Beach | $30,800 | $72,433 | $138,993 | $242,590 | $369,412 |
| Southwest Ranches | $46,673 | $171,886 | $339,730 | $531,531 | $986,158 |
| Sunrise | $26,831 | $63,645 | $136,233 | $238,259 | $323,780 |
| Tamarac | $31,775 | $67,259 | $128,295 | $215,428 | $290,728 |
| Weston | $49,924 | $111,534 | $235,734 | $374,336 | $532,480 |
| West Park | $22,943 | $66,937 | $134,122 | $222,560 | $291,424 |
| Wilton Manors | $37,623 | $87,946 | $184,970 | $331,704 | $482,336 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Broward County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coconut Creek | 2.90% | 3.58% | 4.37% | 6.00% | 7.15% |
| Cooper City | 3.00% | 3.70% | 4.44% | 6.22% | 7.33% |
| Coral Springs | 2.93% | 3.62% | 4.40% | 6.11% | 7.29% |
| Dania Beach | 3.10% | 3.75% | 4.75% | 6.28% | 7.27% |
| Dania | 2.90% | 3.60% | 4.40% | 6.03% | 7.15% |
| Davie | 2.93% | 3.66% | 4.43% | 6.07% | 7.22% |
| Deerfield Beach | 2.90% | 3.60% | 4.40% | 6.04% | 7.23% |
| Fort Lauderdale | 2.90% | 3.50% | 4.26% | 5.81% | 7.12% |
| Hallandale Beach | 2.90% | 3.58% | 4.50% | 6.12% | 7.18% |
| Hallandale | 4.23% | 4.28% | 4.35% | 4.42% | 4.47% |
| Hillsboro Beach | 2.80% | 3.25% | 4.04% | 5.74% | 7.00% |
| Hollywood | 2.90% | 3.62% | 4.43% | 6.10% | 7.25% |
| Lauderdale By The Sea | 2.90% | 3.52% | 4.32% | 6.03% | 7.17% |
| Lauderdale Lakes | 3.20% | 3.97% | 5.58% | 6.85% | 7.97% |
| Lauderhill | 3.00% | 3.85% | 5.11% | 6.85% | 7.76% |
| Lighthouse Point | 2.90% | 3.45% | 4.16% | 5.86% | 7.18% |
| Margate | 2.96% | 3.70% | 4.50% | 6.10% | 7.27% |
| Miramar | 3.09% | 3.85% | 4.77% | 6.37% | 7.39% |
| North Lauderdale | 3.00% | 3.83% | 4.68% | 6.33% | 7.54% |
| Oakland Park | 2.90% | 3.55% | 4.30% | 5.95% | 7.10% |
| Parkland | 2.90% | 3.43% | 4.00% | 4.86% | 6.48% |
| Pembroke Pines | 3.00% | 3.75% | 4.52% | 6.45% | 7.50% |
| Plantation | 2.90% | 3.62% | 4.40% | 6.04% | 7.27% |
| Pompano Beach | 2.90% | 3.54% | 4.37% | 5.98% | 7.14% |
| Southwest Ranches | 2.90% | 3.55% | 4.37% | 6.08% | 7.41% |
| Sunrise | 2.93% | 3.70% | 4.50% | 6.14% | 7.27% |
| Tamarac | 2.90% | 3.60% | 4.40% | 5.85% | 7.00% |
| Weston | 2.90% | 3.63% | 4.50% | 6.23% | 7.34% |
| West Park | 3.00% | 3.80% | 4.75% | 6.49% | 7.70% |
| Wilton Manors | 2.90% | 3.41% | 4.10% | 5.62% | 6.93% |
Housing Expenses in Broward County, Florida
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