Post Date: 08/16/2024
Starting the third week of August, Neighbors will begin receiving their annual TRIM notices (Truth in Millage Rate) in the mail from the Broward County Property Appraiser's Office, as required by Florida State Statute.
A TRIM notice is the official Notice of Proposed Property Taxes. Importantly, a TRIM notice is not a tax bill. The TRIM notice details the ad-valorem rates and non-ad valorem assessments set by the various taxing authorities. The taxable value of your property is determined by the Broward County Property Appraiser’s Office.
Taxes are calculated using the following formula: Taxable Value x Tax Millage Rates + Non-Ad Valorem Assessments = Tax Bill
To view a sample TRIM notice and a detailed explanation of each section's meaning, click HERE.
The City of Fort Lauderdale is the only city in Broward County that has been able to maintain the same millage rate for the past eighteen (18) years, resulting in significant savings to residents and businesses of Fort Lauderdale.
Below is a comparison of the City’s 2024 Rate/Assessment with the 2025 proposed Rate/Assessment.
|
Millage or Assessment |
2024 Rate/Assessment |
2025 Rate/Assessment |
|
City Millage Rate |
4.1193 |
4.1193 |
|
Voted Debt (Millage)* |
0.2737 |
0.2545 |
|
Stormwater (Single Family) |
$284 |
$327 |
|
Fire Assessment (per unit) |
$338 |
$328 |
* Voted Debt (Millage) includes four voter approved bonds:
Tax exemptions are a common way to lower Property Tax Bills. There are several exemptions available to Broward County homeowners, including Homestead, Portability, Senior, Veterans Full/Partial Service-Connected Disability or the surviving spouse, Combat-Wounded Veterans Disability or the surviving spouse, Deployed Military, $500 Disability, $500 Disability for Blind Persons, and Full Exemption for Totally and Permanently Disabled Persons. You can view or apply for exemptions online at web.bcpa.net