Fort Lauderdale, Florida Property Taxes
The median property tax rate in Fort Lauderdale, FL is 1.55%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Fort Lauderdale at $394,760, the typical annual property tax bill reaches $5,580, exceeding the national median of $2,690. Property taxes in Fort Lauderdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Lauderdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fort Lauderdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Lauderdale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$6,119
$5,791
$1,148
Average Fort Lauderdale, Florida Tax Savings
Ownwell’s Fort Lauderdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Lauderdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Lauderdale to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fort Lauderdale. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fort Lauderdale, Florida
Property taxes in Fort Lauderdale, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Lauderdale is 1.55%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Fort Lauderdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Lauderdale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fort Lauderdale's effective property tax rate to other areas in Broward County and the national median. For comparison, the zip code 33326 has the highest median property tax rate of 2.69%, while zip code 33321 has the lowest median tax rate of 0.94%. Understanding how these cities compare with Fort Lauderdale provides valuable insights into the varying tax landscape across Broward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Lauderdale Tax Rate
1.55%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Lauderdale, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33301 | 0.83% | 1.19% | 1.67% | 1.86% | 1.96% |
33304 | 0.68% | 1.17% | 1.73% | 1.93% | 2.05% |
33305 | 0.57% | 0.96% | 1.49% | 1.86% | 1.97% |
33306 | 0.60% | 0.96% | 1.67% | 1.99% | 2.09% |
33308 | 0.63% | 0.98% | 1.69% | 1.87% | 1.98% |
33309 | 0.47% | 0.62% | 1.22% | 1.87% | 2.15% |
33311 | 0.39% | 0.66% | 1.56% | 1.91% | 2.17% |
33312 | 0.45% | 0.66% | 1.32% | 1.84% | 2.06% |
33313 | 2.15% | 2.31% | 2.37% | 2.38% | 2.40% |
33314 | 0.42% | 0.62% | 1.59% | 1.92% | 2.11% |
33315 | 0.51% | 0.92% | 1.52% | 1.88% | 2.05% |
33316 | 0.74% | 1.17% | 1.74% | 1.91% | 1.99% |
33317 | 0.38% | 0.48% | 1.36% | 1.91% | 2.16% |
33319 | 0.66% | 0.97% | 2.00% | 2.45% | 2.62% |
33321 | 0.53% | 0.64% | 0.94% | 1.71% | 2.25% |
33322 | 0.38% | 0.50% | 1.13% | 1.72% | 2.05% |
33324 | 0.54% | 0.66% | 1.54% | 1.82% | 2.07% |
33325 | 0.49% | 0.68% | 1.54% | 1.91% | 2.40% |
33326 | 2.68% | 2.69% | 2.69% | 2.69% | 2.69% |
33328 | 0.57% | 0.80% | 1.04% | 1.40% | 1.86% |
33330 | 0.70% | 0.83% | 0.99% | 1.33% | 1.59% |
33331 | 0.77% | 0.87% | 1.00% | 1.37% | 1.82% |
33332 | 0.83% | 0.98% | 1.08% | 1.41% | 1.85% |
33334 | 0.48% | 0.66% | 1.37% | 1.96% | 2.22% |
33351 | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
$1,148
Average Fort Lauderdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fort Lauderdale, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fort Lauderdale, Broward County, Florida. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Broward County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fort Lauderdale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the zip code 33326 has the highest median tax bill at $193,842, while the zip code 33321 has the lowest at $1,710. Being aware of these valuation processes in Fort Lauderdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fort Lauderdale, Florida
Source: Ownwell
$92,640
$3,655,020
$7,217,400
Average Fort Lauderdale Assessed Value
$394,760
Average Broward County Assessed Value
$357,080
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Lauderdale, Florida
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33301 | $290,070 | $391,610 | $689,420 | $1,327,375 | $2,441,867 |
33304 | $206,570 | $318,760 | $522,610 | $792,100 | $1,429,250 |
33305 | $293,072 | $420,680 | $664,570 | $1,180,710 | $2,173,220 |
33306 | $133,700 | $209,140 | $396,830 | $968,050 | $1,493,800 |
33308 | $170,780 | $258,520 | $452,270 | $741,980 | $1,216,280 |
33309 | $238,788 | $279,455 | $340,640 | $418,770 | $498,078 |
33311 | $191,434 | $233,395 | $285,500 | $353,520 | $409,932 |
33312 | $213,420 | $307,880 | $382,940 | $523,030 | $734,880 |
33313 | $185,660 | $225,075 | $272,390 | $320,695 | $419,370 |
33314 | $149,200 | $184,600 | $320,755 | $378,498 | $487,713 |
33315 | $211,430 | $332,990 | $438,760 | $580,630 | $784,268 |
33316 | $212,300 | $314,010 | $587,280 | $1,123,785 | $2,079,974 |
33317 | $251,423 | $290,775 | $337,840 | $377,508 | $425,811 |
33319 | $72,590 | $88,560 | $92,640 | $330,368 | $424,690 |
33321 | $142,090 | $167,400 | $179,810 | $202,670 | $216,070 |
33322 | $365,198 | $394,300 | $425,040 | $472,150 | $502,746 |
33324 | $161,060 | $193,710 | $437,010 | $441,140 | $940,595 |
33325 | $334,510 | $343,435 | $392,570 | $396,405 | $6,913,962 |
33326 | $7,217,400 | $7,217,400 | $7,217,400 | $7,217,400 | $7,217,400 |
33328 | $493,476 | $527,965 | $584,440 | $722,710 | $925,162 |
33330 | $573,249 | $637,242 | $677,620 | $801,585 | $1,009,535 |
33331 | $562,122 | $607,470 | $662,010 | $711,810 | $802,752 |
33332 | $476,267 | $556,725 | $656,620 | $750,938 | $912,213 |
33334 | $141,130 | $299,210 | $366,680 | $457,685 | $649,944 |
33351 | $322,780 | $322,780 | $322,780 | $322,780 | $322,780 |
Source: Ownwell
$1,148
Average Fort Lauderdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fort Lauderdale, Florida
In Fort Lauderdale, located in Broward County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the Broward County Property Appraiser. The assessed value is then multiplied by the local tax rate. For instance, with a median home price of $394,760, homeowners can expect a tax bill ranging from $3,160 at the 25th percentile to $9,080 at the 75th percentile. The highest median tax bill in the area reaches $193,842 in zip code 33326, while the lowest median tax bill is $1,710 in zip code 33321. Factors such as property location, home improvements, and market conditions play a crucial role in determining the assessed value. High property taxes can significantly impact homeowners' budgets, making it essential to manage these expenses effectively. Ownwell offers expert property tax appeal and exemption services to help homeowners in Fort Lauderdale reduce their tax burdens. By leveraging local market knowledge and legal expertise, Ownwell can identify discrepancies in assessed values and secure potential savings, ensuring homeowners pay only their fair share.
Average Fort Lauderdale Tax Bill
$5,580
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Lauderdale, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33301 | $3,867 | $5,892 | $9,349 | $18,275 | $36,177 |
33304 | $2,817 | $4,235 | $7,524 | $12,230 | $20,226 |
33305 | $3,037 | $5,033 | $8,954 | $15,809 | $32,129 |
33306 | $2,430 | $3,231 | $5,411 | $11,035 | $19,116 |
33308 | $2,088 | $3,563 | $6,166 | $10,669 | $17,309 |
33309 | $1,478 | $2,210 | $3,953 | $5,894 | $7,572 |
33311 | $1,108 | $1,941 | $3,931 | $5,557 | $7,086 |
33312 | $1,468 | $2,523 | $4,935 | $7,253 | $10,545 |
33313 | $4,405 | $5,143 | $5,896 | $7,412 | $9,755 |
33314 | $1,071 | $1,958 | $3,591 | $6,283 | $8,237 |
33315 | $2,078 | $3,557 | $5,893 | $8,650 | $11,558 |
33316 | $3,031 | $4,696 | $8,694 | $16,210 | $29,523 |
33317 | $1,189 | $1,667 | $4,253 | $6,081 | $7,621 |
33319 | $586 | $1,409 | $2,216 | $6,028 | $9,042 |
33321 | $907 | $1,154 | $1,710 | $2,930 | $4,044 |
33322 | $1,675 | $2,101 | $4,280 | $6,944 | $8,448 |
33324 | $1,760 | $2,744 | $3,498 | $7,554 | $15,281 |
33325 | $1,907 | $2,322 | $5,300 | $7,186 | $170,962 |
33326 | $193,787 | $193,807 | $193,842 | $193,876 | $193,897 |
33328 | $2,739 | $4,534 | $6,274 | $8,501 | $11,399 |
33330 | $4,522 | $6,237 | $7,263 | $9,907 | $12,543 |
33331 | $5,055 | $5,555 | $6,759 | $8,807 | $10,954 |
33332 | $5,104 | $6,147 | $7,423 | $9,743 | $12,351 |
33334 | $1,498 | $2,311 | $3,936 | $6,904 | $9,523 |
33351 | $6,470 | $6,470 | $6,470 | $6,470 | $6,470 |
Source: Ownwell
$1,148
Average Fort Lauderdale Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
---|---|
Property Valuation Date | January 1 |
Appeal Deadline | September 18 |
Tax Bill | |
Issued | November 1 |
Links | |
---|---|
Broward Property Appraiser | |
Phone | (954) 357-6904 |
Website | web.bcpa.net |
martykiar@bcpa.net |
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