What happens to property tax when you buy in Broward County, Florida?
Why your bill can jump at purchase
Florida uses a reviewed market-value transfer rule (Florida Save Our Homes assessment limitation (DOR)): after a qualifying ownership change, assessed value resets toward just value, so a new owner's bill can differ sharply from what the seller paid. After a qualifying homestead is established, annual assessed-value growth is limited to the lower of 3% or CPI; portability and exemptions are not modeled.
Current owners here pay a typical bill of about $3,890/yr (on the $414,600 county-median home).
Estimated bill by your purchase price
| Purchase price | Estimated annual tax | vs typical bill |
|---|---|---|
| $414,600 | $3,890/yr | +$0/yr |
| $518,250 | $4,863/yr | +$973/yr |
| $621,900 | $5,835/yr | +$1,945/yr |
Effective rate: 0.94% · Tier 1 · Confidence: Medium. Reassessment toward the sale price modeled from the jurisdiction's assessment basis.
How Broward County compares before reassessment
Broward County ranks 2 of 67 published Florida counties by effective property-tax rate.
The county's 0.94% effective rate is 0.24 percentage points above the Florida published-county average of 0.7%.
The $414,600 median home value ranks 8 of 67 and is $138,600 above the Florida county median of $276,000.
Similar-rate counties
- St. Lucie County: 0.93% effective rate; $347,300 median home value
- Alachua County: 0.96% effective rate; $288,800 median home value
- Liberty County: 0.9% effective rate; $127,300 median home value
Source, method & confidence
Data as of 2024-12-31 (data version 2024.1).
Sources: U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25103; U.S. Census Bureau, American Community Survey (ACS) 5-year, table B25077; Florida Department of Revenue, Save Our Homes assessment limitation.
How we model reassessment (methodology) · Florida reassessment guide · Broward County property tax overview