Hallandale, Florida Property Taxes
The median property tax rate in Hallandale, FL is 2.01%, significantly higher than both the national median of 0.99% and Florida's state median of 1.14%. With the median home value in Hallandale at $165,360, the typical annual property tax bill reaches $3,184, surpassing the national median of $2,690. Property taxes in Hallandale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hallandale'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 Hallandale 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
Hallandale, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$3,324
$3,143
$1,148
Average Hallandale, Florida Tax Savings
Ownwell’s Hallandale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hallandale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hallandale 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 Hallandale. 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 Hallandale, Florida
Property taxes in Hallandale, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hallandale is 2.01%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Hallandale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hallandale 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 Hallandale's effective property tax rate to other areas in Broward County and the national median. For comparison, the zip code 33009 in Hallandale has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these figures compare with Hallandale 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 Hallandale Tax Rate
2.01%
Average Broward County Tax Rate
1.44%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hallandale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | 1.76% | 1.96% | 2.01% | 2.13% | 2.16% |
Source: Ownwell
$1,148
Average Hallandale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hallandale, Florida
In Hallandale, Florida, understanding the distinction between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 Hallandale, 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. The median home price in Hallandale is $165,360, with tax bills ranging from $1,867 at the 25th percentile to $6,273 at the 90th percentile. The highest and lowest median tax bills are both $3,184 in the 33009 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 Hallandale Assessed Value
$165,360
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 Hallandale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | $91,800 | $95,490 | $165,360 | $260,890 | $311,110 |
Source: Ownwell
$1,148
Average Hallandale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hallandale, Florida
In Hallandale, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Broward County Property Appraiser's office and typically reflects the market value of your property. With a median home price of $165,360, homeowners can expect tax bills ranging from $1,867 at the 25th percentile to $6,273 at the 90th percentile, with the highest median tax bill in ZIP code 33009 being $3,184. These figures can vary significantly, impacting homeowners' financial planning and overall cost of living. Factors considered in the tax bill calculation include property improvements, neighborhood changes, and market trends. High property taxes can place a considerable burden on homeowners, making it essential to seek ways to reduce these costs. Ownwell offers professional property tax appeal and exemption services to help homeowners lower their tax bills. By leveraging local expertise and thorough market analysis, Ownwell ensures you only pay your fair share, potentially saving you hundreds or even thousands of dollars annually.
Average Hallandale Tax Bill
$3,184
Average Broward County Tax Bill
$4,521
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Hallandale, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33009 | $1,704 | $1,867 | $3,184 | $5,159 | $6,273 |
Source: Ownwell
$1,148
Average Hallandale 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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