Lauderhill, Florida Property Taxes
The median property tax rate in Lauderhill, FL is 1.89%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Lauderhill at $171,685, the typical annual property tax bill reaches $2,830, exceeding the national median of $2,690. Property taxes in Lauderhill 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 Lauderhill'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 Lauderhill 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
Lauderhill, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$3,245
$3,068
$1,148
Average Lauderhill, Florida Tax Savings
Ownwell’s Lauderhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lauderhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lauderhill 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 Lauderhill. 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 Lauderhill, Florida
Property taxes in Lauderhill, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lauderhill is 1.89%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Lauderhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lauderhill 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 Lauderhill's effective property tax rate to other counties in Florida and the national median. For comparison, the 33317 zip code has the highest median property tax rate of 2.51%, while the 33351 zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with Lauderhill 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 Lauderhill Tax Rate
1.89%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lauderhill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33311 | 0.48% | 0.60% | 1.53% | 2.25% | 2.66% |
| 33313 | 0.53% | 0.99% | 2.15% | 2.66% | 3.00% |
| 33317 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
| 33319 | 0.68% | 0.93% | 1.91% | 2.48% | 2.74% |
| 33351 | 0.64% | 0.76% | 1.15% | 1.96% | 2.36% |
Source: Ownwell
$1,148
Average Lauderhill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lauderhill, Florida
In Lauderhill, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Lauderhill, 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, Lauderhill's highest median tax bill is $13,478 in the 33317 zip code, while the lowest median tax bill is $2,363 in the 33313 zip code. Being aware of these valuation processes in Lauderhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lauderhill Assessed Value
$171,685
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 Lauderhill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33311 | $241,767 | $270,132 | $303,755 | $350,008 | $421,330 |
| 33313 | $73,960 | $87,420 | $125,240 | $304,305 | $382,395 |
| 33317 | $535,950 | $535,950 | $535,950 | $535,950 | $535,950 |
| 33319 | $99,470 | $116,530 | $140,910 | $293,320 | $493,041 |
| 33351 | $169,820 | $197,220 | $377,100 | $450,960 | $493,868 |
Source: Ownwell
$1,148
Average Lauderhill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lauderhill, Florida
In Lauderhill, located in Broward County, FL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lauderhill is $171,685. Property taxes can vary significantly, with the 25th percentile tax bill at $1,864, the 75th percentile at $4,494, and the 90th percentile reaching $7,398. The highest median tax bill in the area is $13,478 in the 33317 zip code, while the lowest is $2,363 in the 33313 zip code. These figures highlight the range of property tax burdens homeowners may face. Factors influencing property tax bills include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners, potentially leading to financial strain. Ownwell helps homeowners in Lauderhill save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and taking advantage of available exemptions, Ownwell can help reduce the financial burden on homeowners.
Average Lauderhill Tax Bill
$2,830
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Lauderhill, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33311 | $1,589 | $1,867 | $4,498 | $6,603 | $8,191 |
| 33313 | $833 | $1,730 | $2,363 | $3,589 | $6,474 |
| 33317 | $13,478 | $13,478 | $13,478 | $13,478 | $13,478 |
| 33319 | $1,116 | $1,963 | $3,020 | $4,215 | $6,863 |
| 33351 | $1,290 | $2,753 | $3,850 | $6,272 | $8,905 |
Source: Ownwell
$1,148
Average Lauderhill 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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