Tamarac, Broward County, Florida Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Tamarac’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.

In Tamarac, located in Broward County, property tax rates reflect the region's fiscal needs and property values. Broward County's median property tax rate stands at 1.44%, which is noticeably higher than the national median of 1.02%. Within Broward, there are variations; for instance, the highest median tax rate is 2.66% in the 33309 zip code, while the lowest is 1.38% in the 33321 zip code. These figures highlight the diversity in property tax rates within the county. Comparing these rates to the national median property tax bill of $2,400 can provide a clearer picture of how Tamarac stacks up in terms of property tax obligations.

In Tamarac, located in Broward County, FL, property tax bills are determined based on the assessed value of a home, which is influenced by the market value and any applicable exemptions. The tax rate, set by local taxing authorities, is applied to this assessed value to calculate the tax bill. Tamarac's property tax bills can vary significantly, with the 25th percentile at $1,994 and the 75th percentile reaching $5,286. This variance indicates that homeowners with higher property values or fewer exemptions pay more in taxes. For context, the national median property tax bill is $2,400, positioning Tamarac above the national average for many homeowners.

High property taxes can strain homeowners, but Ownwell offers a valuable solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Their expertise in navigating the complexities of property tax assessments ensures that homeowners are not overpaying, thus securing significant savings. With Ownwell's assistance, homeowners can achieve a fair tax assessment, easing the financial burden of property ownership.