An estimate of how Amendment 3's larger homestead exemption could change ad valorem property tax revenue for the City of Hollywood, based on 2026 property values and the 2025 city tax rate of 7.4293 mills.
Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect the City of Hollywood based on current data. They are not official. For official information about the City of Hollywood's budget, tax rate and revenue, contact the City of Hollywood directly. For official property values and exemptions, contact the Broward County Property Appraiser.
Homestead assessed values rise by up to 3% a year, the most Save Our Homes allows, but never above each home's 2026 just (market) value. All other property stays at its 2026 taxable value. The city's tax rate stays at its 2025 level. The gross levy is taxable value times the tax rate. The budget basis is 95% of the gross levy, which allows for early-payment discounts and unpaid taxes; see the limitations below.
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $7,862,287,006 | $18,950,803,820 | $26,813,090,826 | $199,202,496 | $189,242,371 | — | — |
| 2027 (estimate) | $5,535,481,888 | $18,950,803,820 | $24,486,285,708 | $181,915,962 | $172,820,164 | −$16,422,207 | −8.7% |
| 2028 (estimate) | $3,910,217,069 | $18,950,803,820 | $22,861,020,889 | $169,841,382 | $161,349,313 | −$27,893,058 | −14.7% |
| Year | Homestead taxable value | Other taxable value | Total taxable value | Gross levy | Budget basis (95%) | Change from 2026 (95%) | Percent change |
|---|---|---|---|---|---|---|---|
| 2026 | $7,862,287,006 | $18,950,803,820 | $26,813,090,826 | $199,202,496 | $189,242,371 | — | — |
| 2027 (estimate) | $5,331,193,141 | $18,950,803,820 | $24,281,996,961 | $180,398,240 | $171,378,328 | −$17,864,043 | −9.4% |
| 2028 (estimate) | $3,574,694,800 | $18,950,803,820 | $22,525,498,620 | $167,348,687 | $158,981,253 | −$30,261,118 | −16.0% |
Of Broward County's 31 cities, towns and villages, the City of Hollywood has the 12th-smallest estimated percentage change in city ad valorem revenue by 2028. The estimated change is −14.7%. Two things determine its size.
How much of the city's taxable value comes from homesteads. The amendment changes the exemption only for homesteads. Property without a homestead exemption, such as rentals, businesses, second homes and vacant land, keeps its taxable value. In the City of Hollywood, homesteads make up 29.3% of taxable value in 2026, the 10th-lowest share of the 31. Among the 31, the share ranges from 1.7% to 76.5%.
How much of that homestead value the new exemption removes. Because the exemption is a flat dollar amount, it removes a larger share of value from homes with lower assessed values. The median homestead in the City of Hollywood has an assessed value of $236,525, the 15th-lowest of the 31. By 2028, the new exemption is estimated to remove 50.3% of the city's homestead taxable value. Among the 31, this ranges from 6.9% to 81.5%.
Across the county, places where homesteads make up a larger share of taxable value generally have larger estimated percentage changes. Home values matter less at this level. Pembroke Park has the lowest median homestead assessed value, and the exemption removes 78.6% of its homestead taxable value, but because homesteads are 1.7% of its tax base, its estimated percentage change is the smallest of the 31.
| City or town | Homestead share of taxable value, 2026 | Median homestead assessed value | Homestead taxable value removed by 2028 | Estimated revenue change by 2028 |
|---|---|---|---|---|
| City of Parkland | 76.5% | $660,845 | 23.1% | −17.7% |
| Village of Sea Ranch Lakes | 68.5% | $1,159,585 | 6.9% | −4.7% |
| City of Cooper City | 63.4% | $347,890 | 47.8% | −30.3% |
| Town of Southwest Ranches | 61.5% | $599,915 | 16.8% | −10.3% |
| City of Lighthouse Point | 58.6% | $442,220 | 17.8% | −10.4% |
| City of Weston | 54.0% | $456,290 | 32.6% | −17.6% |
| Village of Lazy Lake | 49.6% | $822,965 | 16.6% | −8.2% |
| City of Pembroke Pines | 46.6% | $265,450 | 59.6% | −27.8% |
| City of Coral Springs | 46.4% | $331,750 | 52.1% | −24.2% |
| Town of Davie | 44.3% | $309,850 | 40.6% | −18.0% |
| City of Miramar | 44.0% | $292,540 | 55.8% | −24.6% |
| City of Tamarac | 43.1% | $160,110 | 77.3% | −33.3% |
| City of Plantation | 42.6% | $287,240 | 48.8% | −20.8% |
| City of Wilton Manors | 42.2% | $317,245 | 44.1% | −18.6% |
| City of Margate | 38.6% | $159,130 | 75.3% | −29.1% |
| Town of Hillsboro Beach | 37.8% | $378,070 | 12.3% | −4.7% |
| City of Coconut Creek | 36.1% | $206,500 | 69.2% | −25.0% |
| City of West Park | 35.3% | $165,650 | 72.6% | −25.7% |
| City of North Lauderdale | 33.7% | $151,140 | 81.5% | −27.5% |
| City of Lauderhill | 31.2% | $131,540 | 76.0% | −23.7% |
| City of Fort Lauderdale | 30.2% | $326,110 | 25.4% | −7.7% |
| City of Hollywood | 29.3% | $236,525 | 50.3% | −14.7% |
| City of Sunrise | 29.2% | $171,570 | 71.9% | −21.0% |
| City of Oakland Park | 29.1% | $188,955 | 62.3% | −18.1% |
| Town of Lauderdale-By-The-Sea | 28.9% | $425,565 | 30.1% | −8.7% |
| City of Deerfield Beach | 25.6% | $172,790 | 61.2% | −15.6% |
| City of Lauderdale Lakes | 25.1% | $104,850 | 79.6% | −20.0% |
| City of Pompano Beach | 22.5% | $211,890 | 51.7% | −11.6% |
| City of Hallandale Beach | 18.3% | $183,290 | 54.7% | −10.0% |
| City of Dania Beach | 15.2% | $193,715 | 64.2% | −9.7% |
| Town of Pembroke Park | 1.7% | $103,890 | 78.6% | −1.3% |
Sorted by homestead share of taxable value. Estimates use homestead assessed values rising by up to 3% a year, capped at just value and the 2025 municipal tax rates.
| Year | Homestead exemption | Homesteads with $0 city taxable value | Share of homesteads | Median city tax per homestead | Homestead share of city taxable value |
|---|---|---|---|---|---|
| 2026 | up to $51,411 | 1,298 | 4.2% | $1,360 | 29.3% |
| 2027 (estimate) | $150,000 | 9,510 | 30.9% | $672 | 22.6% |
| 2028 (estimate) | $250,000 | 15,575 | 50.5% | $0 | 17.1% |
Estimates use homestead assessed values rising by up to 3% a year, capped at just value. Median city tax counts only the city's own millage, not county, school or other taxes.
Florida cities and towns also receive money from other sources. Depending on the place, these can include state revenue sharing, the local government half-cent sales tax, local option sales and fuel taxes, public service taxes on utilities, the communications services tax, franchise fees, charges for services such as utilities and permits, and state and federal grants. The mix differs from place to place. The City of Hollywood's adopted budget shows its full set of revenue sources and how much each provides.
Property values and exemptions: The Broward County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the 2025 millage rates the Florida Department of Revenue posts for Broward County (2026 rates by tax district were not readily available). Parcel tax districts: the millage codes on the same tax roll.
For each homestead, the estimated taxable value is its assessed value minus the new homestead exemption ($150,000 in 2027, $250,000 in 2028) and any other exemptions, but not less than zero. The gross levy is the city's total taxable value times 7.4293 mills. The budget basis is 95% of the gross levy, following section 200.065, Florida Statutes, and the Department of Revenue's 2026 TRIM Compliance Workbook. Early-payment discounts: section 197.162, Florida Statutes.