Everything You Need To Know About Broward County Property Taxes In 2023
Property taxes are an important part of every homeowner's life, and Broward County is no exception. Property taxes in Broward County are determined by the assessed value of the property and the applicable millage rate. In 2023, the millage rate for Broward County is 10.323 mills. This rate is used to calculate the total taxes due on a property.
How Broward County Property Tax is Calculated
Property taxes in Broward County are calculated by multiplying the assessed value of the property by the millage rate. The assessed value of the property is determined by the Broward County Property Appraiser's Office and is based on the property's market value. The millage rate is set each year by the Broward County Commission.
Once the assessed value of the property and the millage rate are determined, the total taxes due on the property can be calculated. To calculate the total taxes due, you would multiply the assessed value of the property by the millage rate. For example, if the assessed value of the property is $250,000 and the millage rate is 10.323 mills, then the total taxes due would be $2,579.75. This amount would then be divided by 12 and the monthly payment would be $214.98.
What is Included in Broward County Property Taxes?
Broward County property taxes include taxes for the county, school district, special districts, and other levies. The county portion of the property tax is used to fund county government operations, such as public safety and parks and recreation. The school district portion of the property tax is used to fund the public school system in Broward County. Special districts, such as mosquito control and library districts, have their own separate taxes, which are also included in the total property taxes due.
Exemptions and Credits for Broward County Property Taxes
For certain individuals and properties, there may be exemptions and credits available to reduce the amount of property taxes due. For example, there are homestead exemptions available for primary residences that can reduce the taxable value of the property. Additionally, there are also credits available for veterans, seniors, and other groups of people. It is important to check with the Broward County Property Appraiser's Office to see if you qualify for any exemptions or credits.
Payment of Broward County Property Taxes
Property taxes in Broward County are due on November 1 of each year and must be paid by March 31 of the following year. If the taxes are not paid by the due date, a late fee will be assessed. Payment can be made in person, by mail, or online. Payments can be made with cash, check, or credit card.
Appealing Broward County Property Tax Assessments
If you believe your property has been assessed incorrectly, you may be able to appeal the assessment. The appeal process is handled by the Broward County Value Adjustment Board. You must submit an application to the board within 25 days of the mailing of the tax notice. The board will then review your application and determine if the assessment should be adjusted.
How to Contact the Broward County Property Appraiser's Office
If you have any questions about Broward County property taxes, you can contact the Broward County Property Appraiser's Office. The office is located at 115 S. Andrews Avenue, Fort Lauderdale, FL 33301. The office can be reached by phone at (954) 357-6830 or by email at [email protected]. The office is open Monday through Friday from 8 a.m. to 5 p.m.
In Conclusion
Property taxes are an important part of every homeowner's life. In Broward County, property taxes are determined by the assessed value of the property and the applicable millage rate. There may be exemptions and credits available to reduce the amount of property taxes due. Property taxes are due on November 1 of each year and must be paid by March 31 of the following year. If you have any questions about Broward County property taxes, you can contact the Broward County Property Appraiser's Office.