Pembroke Park, Florida Property Taxes
The median property tax rate in Pembroke Park, FL is 2.08%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Pembroke Park, the typical annual property tax bill reaches $5,663, exceeding the national median of $2,690. Property taxes in Pembroke Park 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 Pembroke Park'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 Pembroke Park 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
Pembroke Park, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$5,492
$5,197
$1,148
Average Pembroke Park, Florida Tax Savings
Ownwell’s Pembroke Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pembroke Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pembroke Park 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 Pembroke Park. 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 Pembroke Park, Florida
Property taxes in Pembroke Park, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pembroke Park is 2.08%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Pembroke Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pembroke Park 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 Pembroke Park's effective property tax rate to other counties in Florida and the national median. For comparison, the 33023 zip code has the highest median property tax rate of 2.08%, while the 33009 zip code has the lowest median tax rate of 1.92%. Understanding how these cities compare with Pembroke Park 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 Pembroke Park Tax Rate
2.08%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pembroke Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | 1.77% | 1.83% | 1.92% | 2.00% | 2.06% |
| 33023 | 1.73% | 1.86% | 2.08% | 2.12% | 2.14% |
Source: Ownwell
$1,148
Average Pembroke Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pembroke Park, Florida
In Pembroke Park, 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 Pembroke Park, 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. For instance, homeowners in zip code 33009 face the highest median tax bill at $43,267, whereas those in zip code 33023 have the lowest median tax bill at $5,494. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pembroke Park, Florida
Source: Ownwell
$92,640
$3,655,020
$7,217,400
Average Pembroke Park Assessed Value
$264,020
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 Pembroke Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | $757,882 | $1,394,005 | $2,454,210 | $3,514,415 | $4,150,538 |
| 33023 | $262,630 | $263,050 | $263,750 | $263,885 | $263,966 |
Source: Ownwell
$1,148
Average Pembroke Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pembroke Park, Florida
In Pembroke Park, within Broward County, FL, property tax bills are calculated based on the assessed value of a property. The local tax rate, applied to this assessed value, determines the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any applicable exemptions. For homeowners, this means that fluctuations in the real estate market can significantly impact their tax obligations. In Pembroke Park, the 25th percentile tax bill is approximately $5,494, while the 75th percentile reaches $6,985. Notably, the highest median tax bill in the area is $43,267, highlighting the substantial variation in tax burdens across different properties. These figures illustrate how property taxes can be a significant expense for homeowners. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By thoroughly reviewing your property's assessed value and identifying potential errors or overlooked exemptions, Ownwell can help reduce your tax bill, ensuring you only pay what is fair and accurate.
Average Pembroke Park Tax Bill
$5,663
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Pembroke Park, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | $14,242 | $25,126 | $43,267 | $61,408 | $72,293 |
| 33023 | $4,562 | $4,912 | $5,494 | $5,579 | $5,630 |
Source: Ownwell
$1,148
Average Pembroke Park 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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