Tamarac, Florida Property Taxes
The median property tax rate in Tamarac, FL is 1.44%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Tamarac, the typical annual property tax bill reaches $3,325, exceeding the national median of $2,690. Property taxes in Tamarac 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 Tamarac'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 Tamarac 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
Tamarac, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$3,809
$3,605
$1,148
Average Tamarac, Florida Tax Savings
Ownwell’s Tamarac Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tamarac with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tamarac 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 Tamarac. 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 Tamarac, Florida
Property taxes in Tamarac, Florida, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tamarac is 1.44%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Tamarac set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tamarac 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 Tamarac's effective property tax rate to other areas in Broward County and the national median. For comparison, the 33309 zip code has the highest median property tax rate of 2.66%, while the 33321 zip code has the lowest median tax rate of 1.38%. Understanding how these areas compare with Tamarac 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 Tamarac Tax Rate
1.44%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tamarac, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33021 | 1.47% | 1.65% | 1.95% | 2.24% | 2.42% |
| 33309 | 2.39% | 2.60% | 2.66% | 2.73% | 2.75% |
| 33319 | 0.58% | 0.85% | 1.62% | 2.20% | 2.47% |
| 33321 | 0.59% | 0.80% | 1.38% | 2.11% | 2.34% |
Source: Ownwell
$1,148
Average Tamarac Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tamarac, Florida
In Tamarac, 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 Appraisal District 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. 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, Tamarac’s highest median tax bill is $11,068 in the 33309 zip code, while the lowest median tax bill is $3,233 in the 33319 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tamarac Assessed Value
$264,500
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 Tamarac, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33021 | $388,864 | $393,340 | $400,800 | $408,260 | $412,736 |
| 33309 | $333,184 | $377,885 | $425,580 | $425,610 | $471,244 |
| 33319 | $110,530 | $144,780 | $242,620 | $324,630 | $456,432 |
| 33321 | $130,470 | $171,670 | $273,040 | $341,060 | $405,440 |
Source: Ownwell
$1,148
Average Tamarac Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tamarac, Florida
In Tamarac, located in Broward County, FL, property tax bills are calculated based on the assessed value of a home. This assessed value is derived from the market value, which is then multiplied by the local tax rate. Tamarac’s property tax rate is influenced by various factors, including the home's location, size, and any applicable exemptions. For example, the median home price in Tamarac is $264,500, leading to a range of tax bills from the 25th percentile at $1,994 to the 90th percentile at $7,316. This variability can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value of your property and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf. This process can lead to substantial savings, reducing your property tax bill and ensuring you’re not overpaying. With Ownwell’s guidance, Tamarac homeowners can achieve fair and accurate property tax assessments.
Average Tamarac Tax Bill
$3,325
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Tamarac, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33021 | $6,035 | $6,663 | $7,709 | $8,755 | $9,383 |
| 33309 | $8,923 | $9,295 | $11,068 | $11,696 | $12,673 |
| 33319 | $1,107 | $1,787 | $3,233 | $5,422 | $8,605 |
| 33321 | $1,146 | $2,036 | $3,358 | $5,216 | $7,077 |
Source: Ownwell
$1,148
Average Tamarac 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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