How much would you have to pay on property tax
In Fort Lauderdale, Florida, the property tax rate is generally around 0.82% to 0.91% of the assessed value of a property. For a luxury home valued at $20 million, you can estimate the property tax as follows:
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Using a rate of 0.82%, the calculation would be: [ 0.82% \times 20,000,000 = 164,000 \text{ dollars} ]
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Using the higher rate of 0.91%, it would be: [ 0.91% \times 20,000,000 = 182,000 \text{ dollars} ]
Thus, the property tax you would likely pay on a $20 million home in Fort Lauderdale would range between $164,000 and $182,000, depending on the specific millage rate applied.
For more detailed information, you can refer to these useful links:
- Florida Property Tax Calculator - SmartAsset
- Tax Estimator - Broward County Property Appraiser
- Millage Rate Information - Broward County Property Appraiser
These resources can provide further insights into property tax rates and calculations specific to Broward County and Fort Lauderdale.
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