Taxes & Insurance in Coral Springs
Coral Springs sits in Broward County, where the county's own portion of the millage rate recently dropped for the first time since 2018 -- but the city's own municipal millage figure was genuinely unclear across the sources checked in this pass, and homeowners insurance here runs notably high even by South Florida standards.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreBroward County Lowered Its Countywide Millage for FY2026
For fiscal year 2026, the Broward County Commission lowered the countywide millage rate to 5.6658 mills -- the first reduction since 2018, per county budget documents. That figure covers only the county's own portion; the combined rate on any given Coral Springs property also includes the city's own millage, the Broward County school district's millage, and any applicable special districts.
Coral Springs' Own City Millage -- A Genuinely Unclear Figure This Pass
Sources disagreed on the city's own FY2025-26 millage in a way that could not be cleanly resolved this session: one figure put it at roughly 20.3 mills, while a Coral Springs city-news report described commissioners as 'maintaining the 6.0232% millage rate' when passing the FY2025-26 budget -- likely a reporting error for 6.0232 mills rather than a percentage, but not independently confirmed. Rather than pick one, both are disclosed here; check the Broward County Property Appraiser's millage lookup (bcpa.net) or Coral Springs' own TRIM notice directly for the confirmed current figure.
A Real, if Broad, Effective-Rate and Tax-Bill Estimate
One source puts Coral Springs' median effective property-tax rate at approximately 1.43%, translating to an annual tax bill in the roughly $5,000-$7,000 range for a median-priced home -- broadly consistent with a ~$612,000-$620,000 median home price. Florida's 2026 homestead exemption (up to $51,411) and the Save Our Homes 3%/CPI annual assessed-value growth cap, with portability of up to $500,000, apply here exactly as they do statewide.
Insurance Runs High Even by South Florida Standards
Average homeowners insurance in Coral Springs runs about $7,200 a year -- roughly 60% higher than the Florida statewide average of about $2,857, per one insurance-industry source. Flood insurance is a separate cost: Florida's NFIP policies average roughly $760-$853/year statewide, and Broward County -- alongside Miami-Dade, Palm Beach, and Monroe counties -- is specifically flagged as running toward the higher end of that range for South Florida. Get a property-specific quote rather than relying on either citywide average.
Key takeaways
- Broward County's own countywide millage dropped to 5.6658 mills for FY2026 -- the first reduction since 2018 -- but that covers only the county's portion of the combined rate.
- Coral Springs' own city millage figure was genuinely unclear across sources this pass (roughly 20.3 mills per one reading vs. a likely-garbled '6.0232%' in a city budget report) -- confirm the current figure directly via bcpa.net or the city's TRIM notice.
- A separate estimate puts the median effective property-tax rate at ~1.43%, translating to a ~$5,000-$7,000 annual bill on a median-priced home; the 2026 homestead exemption and Save Our Homes cap apply statewide.
- Homeowners insurance in Coral Springs averages ~$7,200/year, about 60% above the Florida statewide average -- Broward County also runs toward the higher end for flood insurance among South Florida counties.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Coral Springs overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert