Pompano Beach, Florida Property Taxes
The median property tax rate in Pompano Beach, FL is 1.89%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $304,000 in Pompano Beach, the typical annual property tax bill reaches $5,731, significantly exceeding the national median of $2,690. Property taxes in Pompano Beach 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 Pompano Beach'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 Pompano Beach 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
Pompano Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$5,746
$5,437
$1,148
Average Pompano Beach, Florida Tax Savings
Ownwell’s Pompano Beach Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pompano Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pompano Beach to project your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Pompano Beach. If you’re curious about 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 Pompano Beach, Florida
Property taxes in Pompano Beach, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pompano Beach is 1.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pompano Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pompano Beach 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 Pompano Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 33062 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these areas compare with Pompano Beach provides valuable insights into the varying tax landscape across Miami-Dade, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pompano Beach Tax Rate
1.89%
Average Miami-dade County Tax Rate
1.41%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pompano Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
$1,148
Average Pompano Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pompano Beach, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pompano Beach, Florida. 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 Miami-Dade 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. Understanding the distinction between these valuation concepts helps property owners navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pompano Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 33062 has the highest and lowest median tax bills, both at $5,731.
Property Tax Assessment Values Across Pompano Beach, Florida
Source: Ownwell
$160,056
$16,966,420
$33,772,783
Average Pompano Beach Assessed Value
$304,000
Average Miami-dade County Assessed Value
$372,000
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pompano Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $304,000 | $304,000 | $304,000 | $304,000 | $304,000 |
Source: Ownwell
$1,148
Average Pompano Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pompano Beach, Florida
In Pompano Beach, located in Miami-Dade County, property tax bills are calculated based on the assessed value of a home, which is determined by the local property appraiser. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Pompano Beach, the median home price is $304,000, and the median property tax bill is $5,731. This is significantly higher than the national median property tax rate of 0.99%, highlighting the importance of accurate assessments and potential savings. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. High property taxes can place a significant financial burden on homeowners, impacting their overall affordability and financial planning. Ownwell can assist homeowners in Pompano Beach by providing professional property tax appeal and exemption services. By ensuring that the assessed value of your property is fair and accurate, Ownwell can help reduce your tax bill, potentially saving you thousands of dollars annually.
Average Pompano Beach Tax Bill
$5,731
Average Miami-dade County Tax Bill
$4,524
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Pompano Beach, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $5,731 | $5,731 | $5,731 | $5,731 | $5,731 |
Source: Ownwell
$1,148
Average Pompano Beach 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 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Miami-Dade Property Appraiser | |
| Phone | (305) 375-4050 |
| Website | www.miamidade.gov |
| mdcpa@mdcpa.net | |
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